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Joint Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2023
Subclassifications of assets, liabilities and equities [abstract] |
Disclosure of joint ventures | Summarized below is the financial information for HCML accounted for using the equity method. Results of Operations
For the years ended December 31, | 2023 |  | 2022
Revenue | 615 |  | 383
Expenses | 545 |  | 350
Net Earnings (Loss) | 70 |  | 33
Balance Sheet
As at December 31, | 2023 |  | 2022
Current Assets (1) | 334 |  | 247
Non-Current Assets | 1,751 |  | 1,926
Current Liabilities | 140 |  | 160
Non-Current Liabilities | 1,188 |  | 1,293
Net Assets | 757 |  | 720
(1)Includes cash and cash equivalents of $111 million (December 31, 2022 – $64 million).
For the years ended December 31, | 2023 |  | 2022
HMLP Net Earnings (Loss) | 231 |  | 190
Cenovus's Share of HMLP Net Earnings (Loss) (1) | (1) |  | (23)
Cenovus's Share of HMLP Other Comprehensive Income (Loss) (1) | (2) |  | 8
Distributions Received | 56 |  | 23
Contributions Paid | 62 |  | 31
(1)Cenovus does not receive 35 percent of HMLP's net earnings and OCI due to the nature of the profit sharing agreement.

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