XML 46 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business Segments (Detail) (CAD)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
REVENUES AND OTHER INCOME          
Operating revenues 7,452 [1],[2] 7,761 [1],[2] 14,946 [1],[2] 14,613 [1],[2]  
Investment and other income 63 13 102 32  
TOTAL REVENUES AND OTHER INCOME 7,515 7,774 15,048 14,645  
EXPENSES          
Exploration 18 22 46 59  
Purchases of crude oil and products 4,645 [3] 4,966 [3] 9,031 [3] 8,946 [3]  
Production and manufacturing 1,247 [4] 1,058 [4] 2,224 [4] 2,037 [4]  
Selling and general 247 253 531 574  
Federal excise tax 340 [1] 325 [1] 656 [1] 640 [1]  
Depreciation and depletion 178 190 368 378  
Financing costs   1   1  
TOTAL EXPENSES 6,675 6,815 12,856 12,635  
INCOME BEFORE INCOME TAXES 840 959 2,192 2,010  
INCOME TAXES 205 233 542 503  
Net income 635 726 1,650 1,507  
Export sales to the United States 1,133 1,094 2,038 2,094  
Cash flows from (used in) operating activities 1,317 656 2,364 1,615  
CAPEX 1,308 [5] 925 [5] 2,481 [5] 1,784 [5]  
Total assets as at June 30 27,241 22,966 27,241 22,966 25,429
Upstream
         
REVENUES AND OTHER INCOME          
Operating revenues 1,073 1,400 2,468 2,574  
Intersegment sales 948 1,140 2,042 2,297  
Investment and other income 38 3 41 11  
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME 2,059 2,543 4,551 4,882  
EXPENSES          
Exploration 18 22 46 59  
Purchases of crude oil and products 740 963 1,761 1,824  
Production and manufacturing 701 596 1,292 1,195  
Selling and general   2 2 3  
Depreciation and depletion 119 132 248 265  
TOTAL EXPENSES 1,578 1,715 3,349 3,346  
INCOME BEFORE INCOME TAXES 481 828 1,202 1,536  
INCOME TAXES 121 204 300 384  
Net income 360 624 902 1,152  
Export sales to the United States 386 559 849 1,108  
Cash flows from (used in) operating activities 599 823 1,486 1,540  
CAPEX 1,272 [5] 884 [5] 2,417 [5] 1,702 [5]  
Total assets as at June 30 19,146 15,184 19,146 15,184  
Downstream
         
REVENUES AND OTHER INCOME          
Operating revenues 6,032 6,021 11,787 11,368  
Intersegment sales 594 728 1,388 1,439  
Investment and other income 22 9 55 18  
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME 6,648 6,758 13,230 12,825  
EXPENSES          
Purchases of crude oil and products 5,234 5,647 10,255 10,416  
Production and manufacturing 499 415 840 752  
Selling and general 222 237 463 460  
Federal excise tax 340 325 656 640  
Depreciation and depletion 52 52 108 102  
Financing costs   1      
TOTAL EXPENSES 6,347 6,677 12,322 12,370  
INCOME BEFORE INCOME TAXES 301 81 908 455  
INCOME TAXES 69 17 221 115  
Net income 232 64 687 340  
Export sales to the United States 517 307 748 558  
Cash flows from (used in) operating activities 591 (252) 778 19  
CAPEX 30 [5] 36 [5] 53 [5] 72 [5]  
Total assets as at June 30 6,633 7,044 6,633 7,044  
Chemical
         
REVENUES AND OTHER INCOME          
Operating revenues 347 340 691 671  
Intersegment sales 69 105 151 194  
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME 416 445 842 865  
EXPENSES          
Purchases of crude oil and products 282 329 596 636  
Production and manufacturing 47 47 92 90  
Selling and general 16 16 33 32  
Depreciation and depletion 4 4 7 7  
TOTAL EXPENSES 349 396 728 765  
INCOME BEFORE INCOME TAXES 67 49 114 100  
INCOME TAXES 18 13 30 26  
Net income 49 36 84 74  
Export sales to the United States 230 228 441 428  
Cash flows from (used in) operating activities 99 77 46 82  
CAPEX 1 [5] 1 [5] 2 [5] 3 [5]  
Total assets as at June 30 368 416 368 416  
Corporate and Other
         
REVENUES AND OTHER INCOME          
Investment and other income 3 1 6 3  
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME 3 1 6 3  
EXPENSES          
Selling and general 9 (2) 33 79  
Depreciation and depletion 3 2 5 4  
Financing costs       1  
TOTAL EXPENSES 12   38 84  
INCOME BEFORE INCOME TAXES (9) 1 (32) (81)  
INCOME TAXES (3) (1) (9) (22)  
Net income (6) 2 (23) (59)  
Cash flows from (used in) operating activities 28 8 54 (26)  
CAPEX 5 [5] 4 [5] 9 [5] 7 [5]  
Total assets as at June 30 1,221 640 1,221 640  
Eliminations
         
REVENUES AND OTHER INCOME          
Intersegment sales (1,611) (1,973) (3,581) (3,930)  
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME (1,611) (1,973) (3,581) (3,930)  
EXPENSES          
Purchases of crude oil and products (1,611) (1,973) (3,581) (3,930)  
TOTAL EXPENSES (1,611) (1,973) (3,581) (3,930)  
Total assets as at June 30 (127) (318) (127) (318)  
[1] Federal excise tax included in operating revenues 340 325 656 640
[2] Amounts from related parties included in operating revenues 938 638 1,645 1,120
[3] Amounts to related parties included in purchases of crude oil and products 1,022 766 1,555 1,881
[4] Amounts to related parties included in production and manufacturing expenses 71 48 105 101
[5] Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant, equipment and additions to capital leases.