6. Segmented Information

The company's operating segments are reported based on the nature of their products and services and management responsibility. The following summary describes the operations in each of the segments:


•	Oil Sands includes the company's wholly owned operations in the Athabasca oil sands in Alberta to explore, develop and produce bitumen, synthetic crude oil and related products, through the recovery and upgrading of bitumen from mining and in situ operations. This segment also includes the company's joint interest in the Syncrude oil sands mining and upgrading operation, and the company's joint interest in the Fort Hills partnership as well as the marketing, supply, transportation and risk management of crude oil, natural gas, power and byproducts. The individual operating segments related to mining operations, in situ, Fort Hills and Syncrude have been aggregated into one reportable segment (Oil Sands) due to the similar nature of their business activities, including the production of bitumen, and the single geographic area and regulatory environment in which they operate.
•	Exploration and Production (E&P) includes offshore activity in East Coast Canada, with interests in the Hibernia, Terra Nova, White Rose and Hebron oilfields, the exploration and production of crude oil and natural gas at Buzzard and Golden Eagle Area Development in the United Kingdom (U.K.), exploration and production of crude oil and gas at Oda, and the development of the Fenja fields in Norway, as well as the marketing and risk management of crude oil and natural gas.
•	Refining and Marketing includes the refining of crude oil products, and the distribution, marketing, transportation and risk management of refined and petrochemical products, and other purchased products through the retail and wholesale networks located in Canada and the United States (U.S.). The segment also includes trading of crude oil, natural gas and power.

The company also reports activities not directly attributable to an operating segment under Corporate and Eliminations. This includes renewable projects such as the wind power facilities of Chin Chute and Magrath in Alberta, SunBridge in Saskatchewan and Adelaide in Ontario, as well as other investments in waste-to-biofuels, chemicals, and carbon capture projects.

Intersegment sales of crude oil and natural gas are accounted for at market values and included, for segmented reporting, in revenues of the segment making the transfer and expenses of the segment receiving the transfer. Intersegment balances are eliminated on consolidation. Intersegment profit will not be recognized until the related product has been sold to third parties.

For the years ended December 31	Oil Sands				Exploration and Production				Refining and Marketing				Corporate and Eliminations				Total
($ millions)	2020		2019		2020		2019		2020		2019		2020		2019		2020		2019

Revenues and Other Income

Gross revenues	7 792		13 948		1 899		3 675		15 180		22 216		29		27		24 900		39 866

Intersegment revenues	2 825		4 399		—		—		92		88		(2 917	)	(4 487	)	—		—

Less: Royalties	(95	)	(917	)	(143	)	(605	)	—		—		—		—		(238	)	(1 522	)

Operating revenues, net of royalties	10 522		17 430		1 756		3 070		15 272		22 304		(2 888	)	(4 460	)	24 662		38 344

Other income (loss)	298		172		54		430		48		75		(10	)	(32	)	390		645

	10 820		17 602		1 810		3 500		15 320		22 379		(2 898	)	(4 492	)	25 052		38 989

Expenses

Purchases of crude oil and products	844		1 407		—		—		11 243		15 296		(2 975	)	(4 141	)	9 112		12 562

Operating, selling and general	7 169		8 027		476		525		1 892		2 173		390		519		9 927		11 244

Transportation	1 223		1 293		100		80		138		120		(43	)	(51	)	1 418		1 442

Depreciation, depletion, amortization and impairment	6 430		8 170		2 147		1 505		867		823		82		74		9 526		10 572

Exploration	57		127		129		129		—		—		—		—		186		256

(Gain) loss on disposal of assets	(1	)	(14	)	—		(228	)	(24	)	(11	)	9		—		(16	)	(253	)

Financing expenses	336		318		47		73		37		55		576		187		996		633

	16 058		19 328		2 899		2 084		14 153		18 456		(1 961	)	(3 412	)	31 149		36 456

(Loss) earnings before Income Taxes	(5 238	)	(1 726	)	(1 089	)	1 416		1 167		3 923		(937	)	(1 080	)	(6 097	)	2 533

Income Tax (Recovery) Expense

Current	(645	)	266		64		626		325		972		(403	)	(312	)	(659	)	1 552

Deferred	(797	)	(1 565	)	(321	)	(215	)	(24	)	(49	)	23		(89	)	(1 119	)	(1 918	)

	(1 442	)	(1 299	)	(257	)	411		301		923		(380	)	(401	)	(1 778	)	(366	)

Net (Loss) Earnings	(3 796	)	(427	)	(832	)	1 005		866		3 000		(557	)	(679	)	(4 319	)	2 899

Capital and Exploration Expenditures	2 736		3 522		489		1 070		515		818		186		148		3 926		5 558

Disaggregation of Revenue from Contracts with Customers and Intersegment Revenue

The company derives revenue from the transfer of goods mainly at a point in time in the following major commodities, revenue streams and geographical regions:

For the years ended December 31		2020					2019
($ millions)		North America		International	Total		North America		International	Total

Oil Sands(1)

	SCO and diesel	8 574		—	8 574		13 567		—	13 567

	Bitumen	2 043		—	2 043		4 780		—	4 780

		10 617		—	10 617		18 347		—	18 347

Exploration and Production

	Crude oil and natural gas liquids	1 089		806	1 895		1 922		1 747	3 669

	Natural gas	—		4	4		—		6	6

		1 089		810	1 899		1 922		1 753	3 675

Refining and Marketing

	Gasoline	6 585		—	6 585		9 941		—	9 941

	Distillate	6 525		—	6 525		9 447		—	9 447

	Other	2 162		—	2 162		2 916		—	2 916

		15 272		—	15 272		22 304		—	22 304

Corporate and Eliminations		(2 888	)	—	(2 888	)	(4 460	)	—	(4 460	)

Total Gross Revenue from Contracts with Customers		24 090		810	24 900		38 113		1 753	39 866


(1)	Prior period amounts have been reclassified to conform with current period presentation.

Geographical Information

Operating Revenues, net of Royalties

($ millions)	2020	2019

Canada	20 588	31 157

United States	3 312	5 737

Other foreign	762	1 450

	24 662	38 344

Non-Current Assets(1)

($ millions)	December 31 2020	December 31 2019

Canada	71 040	75 190

United States	1 856	1 957

Other foreign	2 125	2 173

	75 021	79 320


(1)	Excludes deferred income tax assets.