SEGMENTED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2019

SEGMENTED INFORMATION

Segmented Information

For the years ended December 31(1)(2)	Oil Sands				Exploration and Production				Refining and Marketing				Corporate and Eliminations				Total
($ millions)	2019		2018		2019		2018		2019		2018		2019		2018		2019		2018
Revenues and Other Income
Gross revenues	13 948		12 039		3 675		3 869		22 216		23 655		27		29		39 866		39 592
Intersegment revenues	4 399		3 704		—		—		88		123		(4 487	)	(3 827	)	—		—
Less: Royalties	(917	)	(398	)	(605	)	(652	)	—		—		—		—		(1 522	)	(1 050	)
Operating revenues, net of royalties	17 430		15 345		3 070		3 217		22 304		23 778		(4 460	)	(3 798	)	38 344		38 542
Other income (loss)	172		387		430		(68	)	75		68		(32	)	57		645		444
	17 602		15 732		3 500		3 149		22 379		23 846		(4 492	)	(3 741	)	38 989		38 986
Expenses
Purchases of crude oil and products	1 407		1 563		—		—		15 296		16 656		(4 141	)	(4 086	)	12 562		14 133
Operating, selling and general	8 027		7 577		525		507		2 173		2 043		519		446		11 244		10 573
Transportation	1 293		1 144		80		85		120		147		(51	)	(57	)	1 442		1 319
Depreciation, depletion, amortization and impairment	8 170		4 024		1 505		967		823		684		74		63		10 572		5 738
Exploration	127		44		129		78		—		—		—		—		256		122
(Gain) loss on asset exchange and disposal of assets	(14	)	(108	)	(228	)	91		(11	)	(7	)	—		—		(253	)	(24	)
Financing expenses	318		320		73		46		55		7		187		1 769		633		2 142
	19 328		14 564		2 084		1 774		18 456		19 530		(3 412	)	(1 865	)	36 456		34 003
(Loss) earnings before Income Taxes	(1 726	)	1 168		1 416		1 375		3 923		4 316		(1 080	)	(1 876	)	2 533		4 983
Income Tax (Recovery) Expense
Current	266		(128	)	626		680		972		1 090		(312	)	(392	)	1 552		1 250
Deferred	(1 565	)	351		(215	)	(112	)	(49	)	72		(89	)	129		(1 918	)	440
	(1 299	)	223		411		568		923		1 162		(401	)	(263	)	(366	)	1 690
Net (Loss) Earnings	(427	)	945		1 005		807		3 000		3 154		(679	)	(1 613	)	2 899		3 293
Capital and Exploration Expenditures	3 522		3 546		1 070		946		818		856		148		58		5 558		5 406

(1)

Beginning in 2019, results from the company's Energy Trading business are included within each of the respective operating business segments to which the respective trading activity relates. The Energy Trading business was previously reported within the Corporate, Energy Trading and Eliminations segment. Prior periods have been restated to reflect this change. The results from the company's Renewable Energy business continue to be included within the Corporate and Eliminations segment.

(2)

The company adopted IFRS 16 on January 1, 2019 using the modified retrospective transition approach and, therefore, prior periods have not been restated. Refer to note 5 for further information.

Disaggregation of revenue from contracts with customers

For the years ended December 31 (1)		2019					2018
($ millions)		North America		International	Total		North America		International	Total
Oil Sands
	SCO and diesel	13 368		—	13 368		11 659		—	11 659
	Bitumen	4 979		—	4 979		4 084		—	4 084
		18 347		—	18 347		15 743		—	15 743
Exploration and Production
	Crude oil and natural gas liquids	1 922		1 747	3 669		1 741		2 112	3 853
	Natural gas	—		6	6		3		13	16
		1 922		1 753	3 675		1 744		2 125	3 869
Refining and Marketing
	Gasoline	9 941		—	9 941		10 819		—	10 819
	Distillate	9 447		—	9 447		9 698		—	9 698
	Other	2 916		—	2 916		3 261		—	3 261
		22 304		—	22 304		23 778		—	23 778
Corporate and Eliminations		(4 460	)	—	(4 460	)	(3 798	)	—	(3 798	)
Total Gross Revenue from Contracts with Customers		38 113		1 753	39 866		37 467		2 125	39 592

(1) Beginning in 2019, results from the company's Energy Trading business are included within each of the respective operating business segments to which the respective trading activity relates. The Energy Trading business was previously reported within the Corporate, Energy Trading and Eliminations segment. Prior periods have been restated to reflect this change. The results from the company's Renewable Energy business continue to be included within the Corporate and Eliminations segment.

Geographical breakdown of operating revenue and non-current assets

Operating Revenues, net of Royalties

($ millions)	2019	2018
Canada	31 157	30 813
United States	5 737	5 999
Other foreign	1 450	1 730
	38 344	38 542

Non-Current Assets(1)

($ millions)	December 31 2019	December 31 2018
Canada	75 190	76 708
United States	1 957	1 889
Other foreign	2 173	2 154
	79 320	80 751

(1) Excludes deferred income tax assets.