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v3.22.2

Consolidated Statements of Earnings (Loss) (unaudited) - CAD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2022 | Mar. 31, 2022 | Jun. 30, 2021 | [1] | Jun. 30, 2022 | Jun. 30, 2021 | [1]
Revenues |  |  |  |  |
Gross Sales | $ 20,747 |  | $ 11,170 | $ 38,130 | $ 20,836
Less: Royalties | 1,582 |  | 533 | 2,767 | 906
Revenue | 19,165 |  | 10,637 | 35,363 | 19,930
Expenses |  |  |  |  |
Purchased Product | 9,396 | $ 7,482 | 5,255 | 16,878 | 9,458
Transportation and Blending | 3,048 | $ 2,975 | 1,854 | 6,023 | 3,673
Operating | 1,481 |  | 1,144 | 2,768 | 2,278
(Gain) Loss on Risk Management | 283 |  | 600 | 1,568 | 794
Depreciation, Depletion and Amortization | 1,132 |  | 1,036 | 2,162 | 2,081
Exploration Expense | 10 |  | 4 | 26 | 10
(Income) Loss From Equity-Accounted Affiliates | 2 |  | (13) | (2) | (27)
General and Administrative | 218 |  | 170 | 417 | 333
Finance Costs | 195 |  | 232 | 424 | 476
Interest Income | (8) |  | (3) | (23) | (7)
Integration Costs | 28 |  | 34 | 52 | 257
Foreign Exchange (Gain) Loss, Net | 192 |  | (172) | 90 | (289)
Re-measurement of Contingent Payment | 15 |  | 249 | 251 | 436
(Gain) Loss on Divestiture of Assets | (62) |  | (60) | (304) | (72)
Other (Income) Loss, Net | (38) |  | (29) | (408) | (101)
Earnings (Loss) Before Income Tax | 3,273 |  | 336 | 5,441 | 630
Income Tax Expense (Recovery) | 841 |  | 112 | 1,384 | 186
Net Earnings (Loss) | $ 2,432 |  | $ 224 | $ 4,057 | $ 444
Net Earnings (Loss) Per Common Share ($) |  |  |  |  |
Net Earnings (Loss) Per Share — Basic (CAD per share) | $ 1.23 |  | $ 0.11 | $ 2.04 | $ 0.21
Net Earnings (Loss) Per Share — Diluted (CAD per share) | $ 1.19 |  | $ 0.11 | $ 1.98 | $ 0.21
[1] | See Note 3 for revisions to prior period results.

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