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Per Share Amounts (Tables) | 12 Months Ended
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Dec. 31, 2023
Earnings per share [abstract] |
Schedule Representing Per Share Amounts |
For the years ended December 31, | 2023 |  | 2022
Net Earnings (Loss) | 4,109 |  | 6,450
Effect of Cumulative Dividends on Preferred Shares | (36) |  | (35)
Net Earnings (Loss) – Basic and Diluted | 4,073 |  | 6,415
Basic – Weighted Average Number of Shares (thousands) | 1,895,487 |  | 1,951,262
Dilutive Effect of Warrants | 22,223 |  | 44,845
Dilutive Effect of Net Settlement Rights | 7,150 |  | 10,045
Dilutive Effect of Cenovus Replacement Stock Options | 580 |  | —
Diluted – Weighted Average Number of Shares (thousands) | 1,925,440 |  | 2,006,152
Net Earnings (Loss) Per Common Share – Basic ($) | 2.15 |  | 3.29
Net Earnings (Loss) Per Common Share – Diluted (1) (2) ($) | 2.12 |  | 3.20
(1)For the year ended December 31, 2023, net earnings of $nil (2022 – $52 million) and no common shares (2022 – 1.6 million) related to the assumed exercise of the Cenovus replacement stock options were excluded from the calculation of dilutive net earnings (loss) per share as the effect was anti-dilutive. (2)For the year ended December 31, 2023, 1.5 million NSRs (2022 – 52 thousand) were excluded from the calculation of diluted weighted average number of shares as the effect was anti-dilutive.
Disclosure Of Dividends To Shareholders | B) Common Share Dividends
| 2023 |  | 2022 |  |
For the years ended December 31, | Per Share |  | Amount |  | Per Share |  | Amount |  |  |  |
Base Dividends | 0.525 |  | 990 |  | 0.350 |  | 682 |  |  |  |
Variable Dividends | — |  | — |  | 0.114 |  | 219 |  |  |  |
Total Common Share Dividends Declared and Paid | 0.525 |  | 990 |  | 0.464 |  | 901 |  |  |  |
C) Preferred Share Dividends
For the years ended December 31, | 2023 |  | 2022
Series 1 First Preferred Shares | 7 |  | 7
Series 2 First Preferred Shares | 2 |  | 1
Series 3 First Preferred Shares | 12 |  | 12
Series 5 First Preferred Shares | 9 |  | 9
Series 7 First Preferred Shares | 6 |  | 6
Total Preferred Share Dividends Declared | 36 |  | 35

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