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Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net Earnings (Loss) $ 6,450 $ 587 [1] $ (2,379) [1]
Depreciation, Depletion and Amortization 4,679 5,886 3,464
Inventories 0 16 555
Realization of Inventory Write-Downs 0 (31) (572)
Deferred Income Tax Expense (Recovery) 642 452 (838)
Unrealized (Gain) Loss on Risk Management (126) 2 56
Unrealized Foreign Exchange (Gain) Loss 365 (312) (131)
Realized Foreign Exchange (Gain) Loss on Non-Operating Items 146 171 (33)
Revaluation (Gains) (549) 0 0
Re-measurement of Contingent Payments, Net of Cash Paid (469) 400 (80)
(Gain) Loss on Divestiture of Assets (269) (229) (81)
Unwinding of Discount on Decommissioning Liabilities 176 199 57
(Income) Loss From Equity-Accounted Affiliates (15) (57) 0
Distributions Received From Equity-Accounted Affiliates 65 137 0
Other (117) 27 99
Settlement of Decommissioning Liabilities (150) (102) (42)
Net Change in Non-Cash Working Capital 575 (1,227) 198
Cash From (Used in) Operating Activities 11,403 5,919 273
Investing Activities      
Acquisitions, Net of Cash Acquired (397) 735 0
Capital Investment (3,708) (2,563) (859)
Proceeds From Divestitures 1,514 435 38
Payment on Divestiture of Assets (50) 0 0
Net Cash Received on Assumption of Decommissioning Liabilities 0 75 0
Net Change in Investments and Other (211) 17 (4)
Net Change in Non-Cash Working Capital 538 359 (38)
Cash From (Used in) Investing Activities (2,314) (942) (863)
Net Cash Provided (Used) Before Financing Activities 9,089 4,977 (590)
Financing Activities      
Net Issuance (Repayment) of Short-Term Borrowings 34 (77) 117
Issuance of Long-Term Debt 0 1,557 1,326
(Repayment) of Long-Term Debt (4,149) (2,870) (112)
Net Issuance (Repayment) of Revolving Long-Term Debt 0 (350) (220)
Principal Repayment of Leases (302) (300) (197)
Common Shares Issued Under Stock Option Plans 138 6 0
Purchase of Common Shares Under NCIBs (2,530) (265) 0
Proceeds From Exercise of Warrants 62 2 0
Other inflows (outflows) of cash (2) 0 0
Cash From (Used in) Financing Activities (7,676) (2,507) 837
Effect of Foreign Exchange on Cash and Cash Equivalents 238 25 (55)
Increase (Decrease) in Cash and Cash Equivalents 1,651 2,495 192
Cash and Cash Equivalents, Beginning of Year 2,873 378 186
Cash and Cash Equivalents, End of Year 4,524 2,873 378
Common shares      
Financing Activities      
Dividends paid (682) (176) (77)
Variable Dividends Paid on Common Shares (219) 0 0
Preference shares      
Financing Activities      
Dividends paid $ (26) $ (34) $ 0
[1] See Note 3X for revisions to prior period results.