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Business Segments (Detail) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues and other income      
Revenues [1],[2] $ 34,964 $ 29,125 $ 25,049
Intersegment sales    
Investment and other income (note 9) 135 299 2,305
Total revenues and other income 35,099 29,424 27,354
Expenses      
Exploration [3] 19 183 94
Purchases of crude oil and products [4] 21,541 18,145 15,120
Production and manufacturing [5] 6,121 5,698 5,224
Selling and general [5] 908 893 1,129
Federal excise tax 1,667 1,673 1,650
Depreciation and depletion [3],[6] 1,555 2,172 1,628
Non-service pension and postretirement benefit [5] 107    
Financing (note 13) [7],[8] 108 78 65
Total expenses 32,026 28,842 24,910
Income (loss) before income taxes 3,073 582 2,444
Income taxes (note 4)      
Current [9] (14) (58) 200
Deferred [9] 773 150 79
Total income tax expense (benefit) [9],[10] 759 92 279
Net income (loss) 2,314 490 2,165
Cash flows from (used in) operating activities 3,922 2,763 2,015
Capital and exploration expenditures [11] 1,427 671 1,161
Property, plant and equipment Cost 53,944 52,778 53,515
Accumulated depreciation and depletion (19,719) (18,305) (17,182)
Net property, plant and equipment [12] 34,225 34,473 36,333
Total assets 41,456 41,601 41,654
Consolidation, Eliminations      
Revenues and other income      
Intersegment sales (4,455) (3,681) (3,434)
Investment and other income (note 9)  
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME (4,455) (3,681) (3,434)
Expenses      
Purchases of crude oil and products (4,449) (3,675) (3,429)
Selling and general [5] (6) (6) (5)
Federal excise tax    
Depreciation and depletion [3],[6]    
Non-service pension and postretirement benefit [5]    
Financing (note 13)    
Total expenses (4,455) (3,681) (3,434)
Income taxes (note 4)      
Cash flows from (used in) operating activities 19   (21)
Total assets (478) (435) (384)
Upstream      
Revenues and other income      
Revenues [2] 8,525 7,302 5,492
Intersegment sales 2,634 2,264 2,215
Investment and other income (note 9) 11 16 13
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME 11,170 9,582 7,720
Expenses      
Exploration [3] 19 183 94
Purchases of crude oil and products 5,833 4,526 3,666
Production and manufacturing [5],[13] 4,305 3,913 3,591
Selling and general [5]     (5)
Depreciation and depletion [3],[6] 1,278 1,939 1,396
Financing (note 13) 1 13 (7)
Total expenses 11,436 10,574 8,735
Income (loss) before income taxes (266) (992) (1,015)
Income taxes (note 4)      
Current (184) 484 (491)
Deferred 56 (770) 137
Total income tax expense (benefit) (128) (286) (354)
Net income (loss) (138) (706) (661)
Cash flows from (used in) operating activities 916 1,257 402
Capital and exploration expenditures [11] 991 416 896
Property, plant and equipment Cost 46,435 45,542 45,850
Accumulated depreciation and depletion (15,050) (13,844) (12,312)
Net property, plant and equipment [12] 31,385 31,698 33,538
Total assets 34,829 35,044 36,840
Downstream      
Revenues and other income      
Revenues [2] 25,200 20,714 18,511
Intersegment sales 1,542 1,155 1,007
Investment and other income (note 9) 95 269 2,278
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME 26,837 22,138 21,796
Expenses      
Purchases of crude oil and products 19,326 16,543 14,178
Production and manufacturing [5],[13] 1,606 1,576 1,428
Selling and general [5] 773 772 972
Federal excise tax 1,667 1,673 1,650
Depreciation and depletion [3],[6] 242 202 206
Financing (note 13) 2    
Total expenses 23,616 20,766 18,434
Income (loss) before income taxes 3,221 1,372 3,362
Income taxes (note 4)      
Current 189 (504) 674
Deferred 666 836 (66)
Total income tax expense (benefit) 855 332 608
Net income (loss) 2,366 1,040 2,754
Cash flows from (used in) operating activities 2,749 1,396 1,574
Capital and exploration expenditures [11] 383 200 190
Property, plant and equipment Cost 5,900 5,683 6,166
Accumulated depreciation and depletion (3,763) (3,594) (4,037)
Net property, plant and equipment [12] 2,137 2,089 2,129
Total assets 5,119 4,890 3,958
Chemical      
Revenues and other income      
Revenues [2] 1,239 1,109 1,046
Intersegment sales 279 262 212
Investment and other income (note 9)  
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME 1,518 1,371 1,258
Expenses      
Purchases of crude oil and products 831 751 705
Production and manufacturing [5] 210 209 205
Selling and general [5] 87 78 83
Depreciation and depletion [3],[6] 14 12 10
Total expenses 1,142 1,050 1,003
Income (loss) before income taxes 376 321 255
Income taxes (note 4)      
Current 21 (32) 68
Deferred 80 118  
Total income tax expense (benefit) 101 86 68
Net income (loss) 275 235 187
Cash flows from (used in) operating activities 354 235 203
Capital and exploration expenditures [11] 25 17 26
Property, plant and equipment Cost 916 888 872
Accumulated depreciation and depletion (662) (644) (629)
Net property, plant and equipment [12] 254 244 243
Total assets 438 399 346
Corporate and Other      
Revenues and other income      
Investment and other income (note 9) 29 14 14
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME 29 14 14
Expenses      
Selling and general [5] 54 49 84
Federal excise tax    
Depreciation and depletion [3],[6] 21 19 16
Non-service pension and postretirement benefit [5] 107    
Financing (note 13) 105 65 72
Total expenses 287 133 172
Income (loss) before income taxes (258) (119) (158)
Income taxes (note 4)      
Current (40) (6) (51)
Deferred (29) (34) 8
Total income tax expense (benefit) (69) (40) (43)
Net income (loss) (189) (79) (115)
Cash flows from (used in) operating activities (116) (125) (143)
Capital and exploration expenditures [11] 28 38 49
Property, plant and equipment Cost 693 665 627
Accumulated depreciation and depletion (244) (223) (204)
Net property, plant and equipment [12] 449 442 423
Total assets $ 1,548 $ 1,703 $ 894
[1] Amounts from related parties included in revenues (note 17). 6,383 4,110 2,342
[2] Includes export sales to the United States of $6,661 million (2017 - $4,392 million, 2016 - $3,612 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.
[3] The Upstream segment in 2017 includes non-cash impairment charges of $396 million, before tax, associated with the Horn River development and $379 million, before tax, associated with the Mackenzie gas project. The impairment charges are recognized in the lines “Exploration” and “Depreciation and depletion” on the Consolidated statement of income, and the “Accumulated depreciation and depletion” line of the Consolidated balance sheet.
[4] Amounts to related parties included in purchases of crude oil and products (note 17). 4,092 2,687 2,224
[5] As part of the implementation of Accounting Standard Update, Compensation – Retirement Benefits (Topic 715), beginning January 1, 2018, Corporate and other includes all non-service pension and postretirement benefit expense. Prior to 2018, the majority of these costs were allocated to the operating segments. See note 2 for additional details.
[6] The Downstream segment in 2018 includes a non-cash impairment charge of $46 million, before tax, associated with the Government of Ontario’s revocation of its carbon emission cap and trade regulation. The impairment charge is recognized in the “Depreciation and depletion” line on the Consolidated statement of income, and the “Other assets, including intangibles, net” line on the Consolidated balance sheet.
[7] Amounts to related parties included in financing (note 17). 89 60 89
[8] Cash interest payments in 2018 were $88 million (2017 – $58 million, 2016 – $73 million). The weighted average interest rate on short-term borrowings in 2018 was 1.5 percent (2017 – 0.9 percent, 2016 – 0.8 percent). Average effective rate on the long-term borrowings with ExxonMobil in 2018 was 2.0 percent (2017 – 1.3 percent, 2016 – 1.0 percent).
[9] On November 2, 2017 the British Columbia government enacted a 1 percent increase in the provincial tax rate from 11 percent to 12 percent.
[10] Cash outflow from income taxes, plus investment credits earned, was $162 million (2017 - $322 million, 2016 - $172 million).
[11] Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to capital leases, additional investments and acquisitions. CAPEX excludes the purchase of carbon emission credits.
[12] Includes property, plant and equipment under construction of $1,553 million (2017 - $1,047 million, 2016 - $2,705 million).
[13] Amounts to related parties included in production and manufacturing, and selling and general expenses (note 17). 566 544 533