Per Share Amounts (Tables)

9 Months Ended

Sep. 30, 2021


	Three Months Ended			Nine Months Ended
For the periods ended September 30,		2021	2020		2021	2020
Net Earnings (Loss)		551	(194)		995	(2,226)
Effect of Cumulative Dividends on Preferred Shares		(9)	—		(26)	—
Net Earnings (Loss) – Basic and Diluted		542	(194)		969	(2,226)

Basic – Weighted Average Number of Shares		2,017.6	1,228.9		2,017.5	1,228.9
Dilutive Effect of Warrants		25.6	—		22.7	—
Dilutive Effect of Net Settlement Rights		0.3	—		0.2	—
Diluted – Weighted Average Number of Shares		2,043.5	1,228.9		2,040.4	1,228.9

Net Earnings (Loss) Per Share – Basic ($)		0.27	(0.16)		0.48	(1.81)
Net Earnings (Loss) Per Share – Diluted (1) ($)		0.27	(0.16)		0.47	(1.81)

(1)Excluded from the calculation for the three and nine months ended September 30, 2021, diluted net earnings (loss) per share were $3 million and $14 million, respectively, of net earnings and 1.9 million and 1.8 million, respectively, of potential ordinary shares related to the assumed exercise of Cenovus replacement stock options as the impact was anti-dilutive.

Disclosure Of Dividends To Shareholders

C) Preferred Share Dividends


For the periods ended September 30,	Three Months Ended		Nine Months Ended
Series 1 First Preferred Shares		2		6
Series 2 First Preferred Shares		—		—
Series 3 First Preferred Shares		3		9
Series 5 First Preferred Shares		3		7
Series 7 First Preferred Shares		1		4
Total Declared and Paid Preferred Share Dividends		9		26