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SEGMENTED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2021




			Exploration		Refining and		Corporate and
For the years ended December 31	Oil Sands		and Production		Marketing		Eliminations		Total
($ millions)	2021	2020	2021	2020	2021	2020	2021	2020	2021	2020

Revenues and Other Income
Gross revenues	15 319	7 792	2 978	1 899	22 808	15 180	28	29	41 133	24 900
Intersegment revenues	4 601	2 825	-	-	107	92	(4 708)	(2 917)	-	-
Less: Royalties	(1 523)	(95)	(478)	(143)	-	-	-	-	(2 001)	(238)
Operating revenues, net of royalties	18 397	10 522	2 500	1 756	22 915	15 272	(4 680)	(2 888)	39 132	24 662
Other income (loss)	6	298	17	54	(50)	48	(4)	(10)	(31)	390
	18 403	10 820	2 517	1 810	22 865	15 320	(4 684)	(2 898)	39 101	25 052
Expenses
Purchases of crude oil and products	1 444	844	-	-	16 807	11 243	(4 460)	(2 975)	13 791	9 112
Operating, selling and general⁽¹⁾	8 056	7 169	429	476	2 019	1 759	862	390	11 366	9 794
Transportation and distribution⁽¹⁾	1 126	1 223	112	100	282	271	(41)	(43)	1 479	1 551
Depreciation, depletion, amortization and impairment	4 585	6 430	324	2 147	853	867	88	82	5 850	9 526
Exploration	12	57	35	129	-	-	-	-	47	186
(Gain) loss on disposal of assets	(4)	(1)	(227)	-	(19)	(24)	(7)	9	(257)	(16)
Financing expenses	359	336	53	47	56	37	787	576	1 255	996
	15 578	16 058	726	2 899	19 998	14 153	(2 771)	(1 961)	33 531	31 149
Earnings (Loss) before Income Taxes	2 825	(5 238)	1 791	(1 089)	2 867	1 167	(1 913)	(937)	5 570	(6 097)
Income Tax Expense (Recovery)
Current	729	(645)	473	64	576	325	(383)	(403)	1 395	(659)
Deferred	(51)	(797)	33	(321)	113	(24)	(39)	23	56	(1 119)
	678	(1 442)	506	(257)	689	301	(422)	(380)	1 451	(1 778)
Net Earnings (Loss)	2 147	(3 796)	1 285	(832)	2 178	866	(1 491)	(557)	4 119	(4 319)
Capital and Exploration Expenditures	3 168	2 736	270	489	825	515	292	186	4 555	3 926

(1)

Prior period amounts of the Refining and Marketing segment have been reclassified to align with the current year presentation of transportation and distribution expense. For the year ended December 31, 2020, $133 million was reclassified from operating, selling and general expense to transportation and distribution expense. This reclassification had no effect on net earnings (loss).

Disaggregation of revenue from contracts with customers



For the years ended December 31	2021			2020
($ millions)	North America	International	Total	North America	International	Total
Oil Sands
SCO and diesel	14 452	-	14 452	8 574	-	8 574
Bitumen	5 468	-	5 468	2 043	-	2 043
	19 920	-	19 920	10 617	-	10 617
Exploration and Production
Crude oil and natural gas liquids	1 709	1 257	2 966	1 089	806	1 895
Natural gas	-	12	12	-	4	4
	1 709	1 269	2 978	1 089	810	1 899
Refining and Marketing
Gasoline	9 983	-	9 983	6 585	-	6 585
Distillate	9 832	-	9 832	6 525	-	6 525
Other	3 100	-	3 100	2 162	-	2 162
	22 915	-	22 915	15 272	-	15 272
Corporate and Eliminations
	(4 680)	-	(4 680)	(2 888)	-	(2 888)
Total Gross Revenue from Contracts with Customers	39 864	1 269	41 133	24 090	810	24 900

Geographical breakdown of operating revenue and non-current assets

Operating Revenues, net of Royalties


($ millions)	2021	2020


Canada	32 286	20 588
United States	5 818	3 312
Other foreign	1 028	762
	39 132	24 662

Non-Current Assets⁽¹⁾


	December 31	December 31
($ millions)	2021	2020

Canada	68 900	71 040
United States	2 020	1 856
Other foreign	1 682	2 125
	72 602	75 021

(1)	Excludes deferred income tax assets.