Business segments |
|
|
|
|
|
|
|
|
|
|
|
| |
Third Quarter |
|
|
|
|
|
|
millions of Canadian dollars |
|
|
|
2019 |
|
|
|
2019 |
|
|
|
2019 |
Revenues and other income |
|
| |
| |
| |
| |
| |
|
|
|
|
|
2,185 |
|
|
|
6,266 |
|
|
|
236 |
|
|
|
|
913 |
|
|
|
314 |
|
|
|
61 |
Investment and other income (note 4) |
|
|
|
7 |
|
|
|
32 |
|
|
|
1 |
|
|
|
|
3,105 |
|
|
|
6,612 |
|
|
|
298 |
|
|
| |
| |
| |
| |
| |
|
|
|
|
|
4 |
|
|
|
- |
|
|
|
- |
Purchases of crude oil and products |
|
|
|
1,376 |
|
|
|
5,142 |
|
|
|
167 |
Production and manufacturing (note 13) |
|
|
|
1,087 |
|
|
|
460 |
|
|
|
54 |
|
|
|
|
- |
|
|
|
191 |
|
|
|
23 |
Federal excise tax and fuel charge |
|
|
|
- |
|
|
|
486 |
|
|
|
- |
Depreciation and depletion (note 13) |
|
|
|
364 |
|
|
|
45 |
|
|
|
4 |
Non-service pension and postretirement benefit |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
2,831 |
|
|
|
6,324 |
|
|
|
248 |
Income (loss) before income taxes |
|
|
|
274 |
|
|
|
288 |
|
|
|
50 |
|
|
|
|
65 |
|
|
|
67 |
|
|
|
12 |
|
|
|
|
209 |
|
|
|
221 |
|
|
|
38 |
Cash flows from (used in) operating activities |
|
|
|
392 |
|
|
|
900 |
|
|
|
75 |
Capital and exploration expenditures (b) |
|
|
|
302 |
|
|
|
124 |
|
|
|
4 |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
| |
Third Quarter |
|
|
|
|
|
|
millions of Canadian dollars |
|
|
|
2019 |
|
|
|
2019 |
|
|
|
2019 |
Revenues and other income |
|
| |
| |
| |
| |
| |
|
|
|
|
|
- |
|
|
|
- |
|
|
|
8,687 |
|
|
|
|
- |
|
|
|
(1,288) |
|
|
|
- |
Investment and other income (note 4) |
|
|
|
9 |
|
|
|
- |
|
|
|
49 |
|
|
|
|
9 |
|
|
|
(1,288) |
|
|
|
8,736 |
|
|
| |
| |
| |
| |
| |
|
|
|
|
|
- |
|
|
|
- |
|
|
|
4 |
Purchases of crude oil and products |
|
|
|
- |
|
|
|
(1,286) |
|
|
|
5,399 |
Production and manufacturing (note 13) |
|
|
|
- |
|
|
|
- |
|
|
|
1,601 |
|
|
|
|
5 |
|
|
|
(2) |
|
|
|
217 |
Federal excise tax and fuel charge |
|
|
|
- |
|
|
|
- |
|
|
|
486 |
Depreciation and depletion (note 13) |
|
|
|
6 |
|
|
|
- |
|
|
|
419 |
Non-service pension and postretirement benefit |
|
|
|
36 |
|
|
|
- |
|
|
|
36 |
|
|
|
|
20 |
|
|
|
- |
|
|
|
20 |
|
|
|
|
67 |
|
|
|
(1,288) |
|
|
|
8,182 |
Income (loss) before income taxes |
|
|
|
(58) |
|
|
|
- |
|
|
|
554 |
|
|
|
|
(14) |
|
|
|
- |
|
|
|
130 |
|
|
|
|
(44) |
|
|
|
- |
|
|
|
424 |
Cash flows from (used in) operating activities |
|
|
|
9 |
|
|
|
- |
|
|
|
1,376 |
Capital and exploration expenditures (b) |
|
|
|
12 |
|
|
|
- |
|
|
|
442 |
(a) |
Included export sales to the United States of $1,227 million (2019 - $1,807 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment. |
(b) |
Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to finance leases, additional investments and acquisitions. CAPEX excludes the purchase of carbon emission credits. |
|
|
|
|
|
|
|
|
|
|
|
| |
Nine Months to September 30 |
|
Upstream |
|
Downstream |
|
Chemical |
millions of Canadian dollars |
|
|
|
2019 |
|
|
|
2019 |
|
|
|
2019 |
Revenues and other income |
|
| |
| |
| |
| |
| |
|
|
|
|
|
7,012 |
|
|
|
18,115 |
|
|
|
753 |
|
|
|
|
2,977 |
|
|
|
1,249 |
|
|
|
181 |
Investment and other income (note 4) |
|
|
|
11 |
|
|
|
61 |
|
|
|
1 |
|
|
|
|
10,000 |
|
|
|
19,425 |
|
|
|
935 |
|
|
| |
| |
| |
| |
| |
|
|
|
|
|
42 |
|
|
|
- |
|
|
|
- |
Purchases of crude oil and products |
|
|
|
4,764 |
|
|
|
15,062 |
|
|
|
531 |
Production and manufacturing (note 13) |
|
|
|
3,414 |
|
|
|
1,315 |
|
|
|
182 |
|
|
|
|
- |
|
|
|
571 |
|
|
|
67 |
Federal excise tax and fuel charge |
|
|
|
- |
|
|
|
1,343 |
|
|
|
- |
Depreciation and depletion (note 13) |
|
|
|
1,036 |
|
|
|
137 |
|
|
|
11 |
Non-service pension and postretirement benefit |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
9,256 |
|
|
|
18,428 |
|
|
|
791 |
Income (loss) before income taxes |
|
|
|
744 |
|
|
|
997 |
|
|
|
144 |
Income tax expense (benefit) |
|
|
|
(508) |
|
|
|
261 |
|
|
|
34 |
|
|
|
|
1,252 |
|
|
|
736 |
|
|
|
110 |
Cash flows from (used in) operating activities |
|
|
|
1,257 |
|
|
|
2,055 |
|
|
|
175 |
Capital and exploration expenditures (b) |
|
|
|
975 |
|
|
|
364 |
|
|
|
27 |
Total assets as at September (note 13) |
|
|
|
35,066 |
|
|
|
4,433 |
|
|
|
423 |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
| |
Nine Months to September 30 |
|
Corporate and other |
|
Eliminations |
|
Consolidated |
millions of Canadian dollars |
|
|
|
2019 |
|
|
|
2019 |
|
|
|
2019 |
Revenues and other income |
|
| |
| |
| |
| |
| |
|
|
|
|
|
- |
|
|
|
- |
|
|
|
25,880 |
|
|
|
|
- |
|
|
|
(4,407) |
|
|
|
- |
Investment and other income (note 4) |
|
|
|
26 |
|
|
|
- |
|
|
|
99 |
|
|
|
|
26 |
|
|
|
(4,407) |
|
|
|
25,979 |
|
|
| |
| |
| |
| |
| |
|
|
|
|
|
- |
|
|
|
- |
|
|
|
42 |
Purchases of crude oil and products |
|
|
|
- |
|
|
|
(4,401) |
|
|
|
15,956 |
Production and manufacturing (note 13) |
|
|
|
- |
|
|
|
- |
|
|
|
4,911 |
|
|
|
|
34 |
|
|
|
(6) |
|
|
|
666 |
Federal excise tax and fuel charge |
|
|
|
- |
|
|
|
- |
|
|
|
1,343 |
Depreciation and depletion (note 13) |
|
|
|
17 |
|
|
|
- |
|
|
|
1,201 |
Non-service pension and postretirement benefit |
|
|
|
108 |
|
|
|
- |
|
|
|
108 |
|
|
|
|
71 |
|
|
|
- |
|
|
|
71 |
|
|
|
|
230 |
|
|
|
(4,407) |
|
|
|
24,298 |
Income (loss) before income taxes |
|
|
|
(204) |
|
|
|
- |
|
|
|
1,681 |
Income tax expense (benefit) |
|
|
|
(35) |
|
|
|
- |
|
|
|
(248) |
|
|
|
|
(169) |
|
|
|
- |
|
|
|
1,929 |
Cash flows from (used in) operating activities |
|
|
|
(82 ) |
|
|
|
- |
|
|
|
3,405 |
Capital and exploration expenditures (b) |
|
|
|
34 |
|
|
|
- |
|
|
|
1,400 |
Total assets as at September (note 13) |
|
|
|
2,298 |
|
|
|
(313) |
|
|
|
41,907 |
(a) |
Included export sales to the United States of $3,339 million (2019 - $5,623 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment. |
(b) |
Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to finance leases, additional investments and acquisitions. CAPEX excludes the purchase of carbon emission credits. |
|