SEGMENTED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

SEGMENTED INFORMATION

Segmented Information

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

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 breakdown of operating revenue and non-current assets

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.