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Consolidated Statement of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Revenues $ 8,663 $ 8,943 $ 10,661
Gains (losses) on risk management, net 172 135 151
Sublease revenues 73 74 71
Total Revenues 8,908 9,152 10,883
Operating Expenses      
Production, mineral and other taxes 286 333 342
Transportation and processing 1,724 1,639 1,766
Operating 862 931 859
Purchased product 1,447 1,546 2,815
Depreciation, depletion and amortization 2,179 2,290 1,825
Impairments 920 450 0
Accretion of asset retirement obligation 28 19 19
Administrative 331 365 393
Total Operating Expenses 7,777 7,573 8,019
Operating Income (Loss) 1,131 1,579 2,864
Other (Income) Expenses      
Interest 376 412 355
Foreign exchange (gain) loss, net 31 (19) 19
Other (gains) losses, net (46) (165) (20)
Total Other (Income) Expenses 361 228 354
Net Earnings (Loss) Before Income Tax 770 1,351 2,510
Income tax expense (recovery) (472) 226 425
Net Earnings (Loss) $ 1,242 $ 1,125 $ 2,085
Net Earnings (Loss) per Share of Common Stock      
Basic $ 4.83 $ 4.25 $ 8.02
Diluted $ 4.78 $ 4.21 $ 7.9
Weighted Average Shares of Common Stock Outstanding (millions)      
Basic 257.2 264.6 259.9
Diluted 259.7 267.4 263.9
Product and Service Revenues [Member]      
Revenues      
Revenues $ 7,176 $ 7,358 $ 7,812
Sales of Purchased Product [Member]      
Revenues      
Revenues $ 1,487 $ 1,585 $ 2,849