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Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating Activities    
Net earnings $ 9,077 $ 4,119
Adjustments for:    
Depreciation, depletion, amortization and impairment 8,786 5,850
Deferred income tax (recovery) expense (990) 56
Accretion 316 304
Unrealized foreign exchange loss (gain) on U.S. dollar denominated debt 729 (113)
Change in fair value of financial instruments and trading inventory (38) (13)
Loss (gain) on disposal of assets 45 (257)
Loss on extinguishment of long-term debt 32 80
Share-based compensation 328 205
Settlement of decommissioning and restoration liabilities (314) (263)
Other 130 289
(Increase) decrease in non-cash working capital (2,421) 1,507
Cash flow provided by operating activities 15,680 11,764
Investing Activities    
Capital and exploration expenditures (4,987) (4,555)
Capital expenditures classified as assets held for sale (133)  
Proceeds from disposal of assets 315 335
Other investments and acquisitions (36) (28)
Decrease in non-cash working capital 52 271
Cash flow used in investing activities (4,789) (3,977)
Financing Activities    
Net increase (decrease) in short-term debt 1,473 (2,256)
Repayment of long-term debt (5,128) (2,451)
Issuance of long-term debt   1,423
Lease liability payments (329) (325)
Issuance of common shares under share option plans 496 8
Repurchase of common shares (5,135) (2,304)
Distributions relating to non-controlling interest (9) (9)
Dividends paid on common shares (2,596) (1,550)
Cash flow used in financing activities (11,228) (7,464)
(Decrease) Increase in Cash and Cash Equivalents (337) 323
Effect of foreign exchange on cash and cash equivalents 112 (3)
Cash and cash equivalents at beginning of year 2,205 1,885
Cash and Cash Equivalents at End of Year 1,980 2,205
Supplementary Cash Flow Information    
Interest paid 973 980
Income taxes paid (received) $ 4,737 $ (532)