Consolidated statement of income - CAD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues and other income
Revenues	[1],[2]	$ 37,508	$ 22,284	$ 34,002
Investment and other income (note 8)		82	104	99
Total revenues and other income		37,590	22,388	34,101
Expenses
Exploration (note 15)		32	13	47
Purchases of crude oil and products	[3],[4]	23,174	13,293	20,946
Production and manufacturing (note 11)	[5]	6,316	5,535	6,520
Selling and general	[5]	784	741	900
Federal excise tax and fuel charge		1,928	1,736	1,808
Depreciation and depletion (includes impairments) (note 2, 11)	[6]	1,977	3,293	1,598
Non-service pension and postretirement benefit		42	121	143
Financing (note 12)	[7],[8]	54	64	93
Total expenses		34,307	24,796	32,055
Income (loss) before income taxes		3,283	(2,408)	2,046
Income taxes (note 3)	[9],[10]	804	(551)	(154)
Net income (loss)		$ 2,479	$ (1,857)	$ 2,200
Per share information (Canadian dollars)
Net income (loss) per common share - basic (note 10)		$ 3.48	$ (2.53)	$ 2.88
Net income (loss) per common share - diluted (note 10)		$ 3.48	$ (2.53)	$ 2.88

[1] Amounts from related parties included in revenues, (note 16). 8,777 5,107 8,569

[2] Includes export sales to the United States of $7,228 million (2020 - $4,614 million, 2019 - $7,190 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

[3] Amounts to related parties included in purchases of crude oil and products, (note 16). 2,737 2,484 3,305

[4] In 2021, the Downstream segment acquired a portion of Upstream crude inventory for $444 million. There was no earnings impact and the effects of this transaction have been eliminated for consolidation purposes.

[5] Amounts to related parties included in production and manufacturing, and selling and general expenses, (note 16). 420 579 628.

[6] In 2020, the Upstream segment included a non-cash impairment charge of $1,531 million, before-tax, related to the company’s decision not to further develop a significant portion of its unconventional portfolio.

[7] Amounts to related parties included in financing, (note 16).28 61 98

[8] The weighted average interest rate on short-term borrowings in 2021 was 0.2 percent (2020 – 0.8 percent, 2019 – 1.8 percent). Average effective rate on the long-term borrowings with ExxonMobil in 2021 was 0.6 percent (2020 – 1.4 percent, 2019 – 2.2 percent).

[9] On June 28, 2019 the Alberta government enacted a 4 percent decrease in the provincial tax rate, from 12 percent to 8 percent by 2022. On December 9, 2020 the Alberta government enacted an accelerated decrease in the province’s general corporate income tax rate from 10 percent to 8 percent, effective July 1, 2020. The cumulative effect of the 2020 legislative tax changes on the company’s financial statements were immaterial.

[10] Segment results in 2019 include a largely non-cash favourable impact of $662 million associated with the Alberta corporate income tax rate decrease, with the largest impact in the Upstream segment.