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Per Share Amounts (Tables) | 6 Months Ended
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Jun. 30, 2022
Earnings per share [abstract] |
Schedule Representing Per Share Amounts |
| Three Months Ended |  | Six Months Ended
For the periods ended June 30, | 2022 |  | 2021 |  | 2022 |  | 2021
Net Earnings (Loss) | 2,432 |  | 224 |  | 4,057 |  | 444
Effect of Cumulative Dividends on Preferred Shares | (8) |  | (8) |  | (17) |  | (17)
Net Earnings (Loss) – Basic and Diluted | 2,424 |  | 216 |  | 4,040 |  | 427
Basic – Weighted Average Number of Shares | 1,971.3 |  | 2,017.5 |  | 1,980.6 |  | 2,017.5
Dilutive Effect of Warrants | 47.5 |  | 24.3 |  | 46.2 |  | 21.1
Dilutive Effect of Net Settlement Rights | 10.6 |  | 0.3 |  | 11.9 |  | —
Diluted – Weighted Average Number of Shares | 2,029.4 |  | 2,042.1 |  | 2,038.7 |  | 2,038.6
Net Earnings (Loss) Per Common Share – Basic ($) | 1.23 |  | 0.11 |  | 2.04 |  | 0.21
Net Earnings (Loss) Per Common Share – Diluted (1) ($) | 1.19 |  | 0.11 |  | 1.98 |  | 0.21
(1)Excluded from the calculation of the diluted net earnings (loss) per share for the three and six months ended June 30, 2022, were net earnings of $24 million and $41 million, respectively (three and six months ended June 30, 2021 – $6 million and $12 million, respectively), and common shares of 2.0 million and 1.8 million, respectively (three and six months ended June 30, 2021 – 1.9 million and 1.8 million, respectively), related to the assumed exercise of Cenovus replacement stock options as the impact was anti-dilutive. These instruments could potentially dilute earnings per share in the future.
Disclosure Of Dividends To Shareholders | C) Preferred Share Dividends
| Three Months Ended |  | Six Months Ended
For the periods ended June 30, | 2022 |  | 2021 |  | 2022 |  | 2021
Series 1 First Preferred Shares | 2 |  | 2 |  | 4 |  | 4
Series 2 First Preferred Shares | — |  | — |  | — |  | —
Series 3 First Preferred Shares | 3 |  | 3 |  | 6 |  | 6
Series 5 First Preferred Shares | 2 |  | 2 |  | 4 |  | 4
Series 7 First Preferred Shares | 1 |  | 1 |  | 3 |  | 3
Total Declared and Paid Preferred Share Dividends | 8 |  | 8 |  | 17 |  | 17

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