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Condensed Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Product and service revenues $ 2,178 $ 2,913 $ 6,758 $ 7,857
Gains (losses) on risk management, net 128 (282) 151 (193)
Sublease revenues 18 18 55 53
Total Revenues 2,324 2,649 6,964 7,717
Operating Expenses        
Production, mineral and other taxes 86 89 258 249
Transportation and processing 408 433 1,240 1,340
Operating 235 243 715 624
Purchased product 392 846 1,165 2,239
Depreciation, depletion and amortization 599 486 1,745 1,269
Accretion of asset retirement obligation 5 5 14 14
Administrative 72 80 250 306
Total Operating Expenses 1,797 2,182 5,387 6,041
Operating Income (Loss) 527 467 1,577 1,676
Other (Income) Expenses        
Interest 103 98 306 249
Foreign exchange (gain) loss, net 17 (22) (21) 0
Other (gains) losses, net (151) (2) (160) (16)
Total Other (Income) Expenses (31) 74 125 233
Net Earnings (Loss) Before Income Tax 558 393 1,452 1,443
Income tax expense (recovery) 51 (13) 267 214
Net Earnings (Loss) $ 507 $ 406 $ 1,185 $ 1,229
Net Earnings (Loss) per Share of Common Stock        
Basic $ 1.93 $ 1.48 $ 4.45 $ 4.8
Diluted $ 1.92 $ 1.47 $ 4.41 $ 4.73
Weighted Average Shares of Common Stock Outstanding (millions)        
Basic 262.1 273.7 266.0 255.8
Diluted 264.0 276.3 268.7 259.7