Cenovus Energy Inc(NYSE:CVE) 
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States and the Asia Pacific region. The company operates through Oil Sands, Conventional, and Refining and Marketing segments. The Oil Sands segm...
Website: http://www.cenovus.com
Founded: 2009
Full Time Employees: 2,361
Sector: Energy
Industry: Oil & Gas Integrated
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At a glance:
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Quarterly
Annual
| Unit: USD | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2018-09-30 | 2018-03-31 | 2018-03-21 | 2017-11-08 | 2017-11-02 | 2017-07-27 | 2017-04-26 | 2017-02-16 | 2016-02-11 | 2011-02-18 | 2010-11-01 | 2010-10-28 | 2010-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | |||||||||||||||||||||
gross sales | 11,110,000,000 | 9,523,000,000 | 3,569,000,000 | 2,195,000,000 | 4,015,000,000 | 5,163,000,000 | 5,068,000,000 | 5,927,000,000 | 6,143,000,000 | 4,703,000,000 | 17,314,000,000 | 4,453,000,000 | 4,453,000,000 | 4,081,000,000 | 3,942,000,000 | 3,695,000,000 | 2,955,000,000 | ||||
less: royalties | 533,000,000 | 373,000,000 | 143,000,000 | 21,000,000 | 47,000,000 | 325,000,000 | 332,000,000 | 324,000,000 | 286,000,000 | 93,000,000 | 271,000,000 | 67,000,000 | 67,000,000 | 44,000,000 | 77,000,000 | 53,000,000 | 31,000,000 | 108,000,000 | 79,000,000 | 79,000,000 | 111,000,000 |
expenses | |||||||||||||||||||||
purchased product | 5,253,000,000 | 4,094,000,000 | 1,145,000,000 | 761,000,000 | 1,805,000,000 | 2,059,000,000 | 1,878,000,000 | 2,381,000,000 | 2,336,000,000 | 1,829,000,000 | 8,033,000,000 | 1,667,000,000 | 1,667,000,000 | 2,080,000,000 | 2,234,000,000 | 2,075,000,000 | 1,808,000,000 | 2,047,000,000 | 1,718,000,000 | 1,718,000,000 | 1,765,000,000 |
transportation and blending | 1,796,000,000 | 1,785,000,000 | 1,137,000,000 | 663,000,000 | 1,611,000,000 | 1,416,000,000 | 1,255,000,000 | 1,354,000,000 | 1,494,000,000 | 1,514,000,000 | 3,748,000,000 | 1,083,000,000 | 1,083,000,000 | 887,000,000 | 615,000,000 | 541,000,000 | 534,000,000 | 270,000,000 | |||
operating | 1,144,000,000 | 1,134,000,000 | 485,000,000 | 437,000,000 | 527,000,000 | 514,000,000 | 529,000,000 | 530,000,000 | 506,000,000 | 642,000,000 | 1,949,000,000 | 523,000,000 | 523,000,000 | 462,000,000 | 468,000,000 | 439,000,000 | 460,000,000 | 310,000,000 | 295,000,000 | 295,000,000 | 348,000,000 |
loss on risk management | 600,000,000 | 194,000,000 | 75,000,000 | 179,000,000 | 51,000,000 | 330,000,000 | 896,000,000 | ||||||||||||||
depreciation, depletion and amortization | 1,036,000,000 | 1,045,000,000 | 849,000,000 | 580,000,000 | 943,000,000 | 581,000,000 | 558,000,000 | 544,000,000 | 539,000,000 | 635,000,000 | 1,838,000,000 | 552,000,000 | 552,000,000 | 387,000,000 | 363,000,000 | -71,000,000 | 659,000,000 | 346,000,000 | 391,000,000 | 391,000,000 | 324,000,000 |
exploration expense | 4,000,000 | 6,000,000 | 59,000,000 | 4,000,000 | 3,000,000 | 72,000,000 | 1,000,000 | 4,000,000 | 2,000,000 | 2,000,000 | 888,000,000 | 1,000,000 | 1,000,000 | 3,000,000 | 117,000,000 | ||||||
general and administrative | 170,000,000 | 163,000,000 | 168,000,000 | 95,000,000 | 127,000,000 | 72,000,000 | 65,000,000 | 78,000,000 | 179,000,000 | 308,000,000 | 116,000,000 | 116,000,000 | 58,000,000 | 43,000,000 | 101,000,000 | 109,000,000 | 91,000,000 | 49,000,000 | 49,000,000 | 52,000,000 | |
finance costs | 232,000,000 | 244,000,000 | 145,000,000 | 139,000,000 | 107,000,000 | 135,000,000 | 138,000,000 | 114,000,000 | 183,000,000 | 150,000,000 | 645,000,000 | 191,000,000 | 191,000,000 | 168,000,000 | 120,000,000 | 124,000,000 | 123,000,000 | ||||
interest income | -62,000,000 | -32,000,000 | -32,000,000 | -10,000,000 | -17,000,000 | -7,000,000 | |||||||||||||||
integration costs | 34,000,000 | 223,000,000 | |||||||||||||||||||
foreign exchange loss | -172,000,000 | 637,000,000 | 277,000,000 | -812,000,000 | |||||||||||||||||
re-measurement of contingent payment | 249,000,000 | 187,000,000 | 17,000,000 | 64,000,000 | 27,000,000 | 117,000,000 | -138,000,000 | -43,000,000 | -43,000,000 | -66,000,000 | |||||||||||
loss on divestiture of assets | -60,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||
other loss | -29,000,000 | 92,000,000 | |||||||||||||||||||
share of loss from equity-accounted affiliates | -13,000,000 | ||||||||||||||||||||
earnings before income tax | 336,000,000 | 294,000,000 | 260,000,000 | 162,000,000 | -882,000,000 | 54,000,000 | 148,000,000 | 148,000,000 | 640,000,000 | ||||||||||||
income tax expense | 112,000,000 | 74,000,000 | 52,000,000 | -52,000,000 | -110,000,000 | -110,000,000 | 682,000,000 | 49,000,000 | 71,000,000 | -241,000,000 | 47,000,000 | 47,000,000 | 115,000,000 | ||||||||
net earnings | 224,000,000 | 220,000,000 | 113,000,000 | 187,000,000 | 1,784,000,000 | 3,366,000,000 | -69,000,000 | -69,000,000 | 2,640,000,000 | 211,000,000 | 91,000,000 | -641,000,000 | 73,000,000 | 101,000,000 | 101,000,000 | 525,000,000 | |||||
yoy | 94.69% | -94.44% | -2685.51% | 1495.26% | -175.82% | -89.24% | 3516.44% | 108.91% | -9.90% | -222.10% | |||||||||||
qoq | 1.82% | -39.57% | -89.52% | -4978.26% | 0.00% | -102.61% | 1151.18% | 131.87% | -114.20% | -978.08% | -27.72% | 0.00% | -80.76% | ||||||||
net earnings per share | 0.09 | 0.15 | 1.45 | 3.05 | -0.06 | -0.06 | 2.37 | ||||||||||||||
basic and diluted | 0.11 | 0.1 | 0.25 | 0.11 | |||||||||||||||||
inventory write-down | 6,000,000 | ||||||||||||||||||||
transaction costs | 29,000,000 | 56,000,000 | 1,000,000 | 1,000,000 | 26,000,000 | 29,000,000 | |||||||||||||||
onerous contract provisions | 1,000,000 | 3,000,000 | 630,000,000 | ||||||||||||||||||
research costs | 2,000,000 | 3,000,000 | 4,000,000 | 6,000,000 | 6,000,000 | 4,000,000 | 12,000,000 | 36,000,000 | 6,000,000 | 6,000,000 | 5,000,000 | 4,000,000 | 6,000,000 | 7,000,000 | |||||||
inventory write-downs | 588,000,000 | ||||||||||||||||||||
production and mineral taxes | 1,000,000 | 1,000,000 | 5,000,000 | 3,000,000 | 2,000,000 | 8,000,000 | 11,000,000 | 11,000,000 | 12,000,000 | ||||||||||||
(gain) loss on risk management | 78,000,000 | 496,000,000 | 496,000,000 | -287,000,000 | -187,000,000 | 102,000,000 | -213,000,000 | ||||||||||||||
foreign exchange (gain) loss | 88,000,000 | -350,000,000 | -350,000,000 | -410,000,000 | -76,000,000 | 140,000,000 | 204,000,000 | 120,000,000 | 120,000,000 | ||||||||||||
(gain) loss on divestiture of assets | 3,000,000 | 795,000,000 | -1,000,000 | -1,000,000 | 1,000,000 | 3,000,000 | |||||||||||||||
other (income) loss | -2,000,000 | -2,000,000 | -2,000,000 | 27,000,000 | 1,000,000 | ||||||||||||||||
earnings from continuing operations before income tax | 83,000,000 | 239,000,000 | 918,000,000 | 178,000,000 | 178,000,000 | 3,263,000,000 | |||||||||||||||
net earnings from continuing operations | 113,000,000 | 187,000,000 | 1,784,000,000 | 2,268,000,000 | 288,000,000 | 288,000,000 | 2,581,000,000 | ||||||||||||||
net earnings from discontinued operations | 1,000,000 | 260,000,000 | 1,098,000,000 | -357,000,000 | -357,000,000 | 59,000,000 | |||||||||||||||
basic and diluted earnings per share | |||||||||||||||||||||
continuing operations | 0.09 | 0.15 | 1.45 | 2.06 | 0.23 | 0.23 | 2.32 | ||||||||||||||
discontinued operations | 0.21 | 0.99 | -0.29 | -0.29 | 0.05 | ||||||||||||||||
net earnings per share | 0.09 | 0.15 | 1.45 | 3.05 | -0.06 | -0.06 | 2.37 | ||||||||||||||
revaluation | -2,555,000,000 | -2,524,000,000 | |||||||||||||||||||
earnings from continuing operations before | |||||||||||||||||||||
income tax | 2,216,000,000 | ||||||||||||||||||||
see accompanying notes to consolidated financial statements (unaudited). | |||||||||||||||||||||
consolidated statements of comprehensive income | |||||||||||||||||||||
other comprehensive income, net of tax | |||||||||||||||||||||
items that will not be reclassified to profit or loss: | |||||||||||||||||||||
actuarial gain relating to pension and other post-retirement benefits | 6 | 15 | |||||||||||||||||||
items that may be reclassified to profit or loss: | |||||||||||||||||||||
available for sale financial assets – change in fair value | |||||||||||||||||||||
available for sale financial assets – reclassified to profit or loss | |||||||||||||||||||||
foreign currency translation adjustment | 99 | 124 | |||||||||||||||||||
total other comprehensive income, net of tax | 105 | 145 | |||||||||||||||||||
comprehensive income | 196 | -496 | 437,000,000 | ||||||||||||||||||
goodwill impairment | |||||||||||||||||||||
net earnings per share | 0.09 | 0.15 | 1.45 | 3.05 | -0.06 | -0.06 | 2.37 | ||||||||||||||
basic | -0.77 | 100,000 | 130,000 | 130,000 | 700,000 | ||||||||||||||||
diluted | -0.77 | 100,000 | 130,000 | 130,000 | 700,000 | ||||||||||||||||
see accompanying notes to consolidated financial statements | |||||||||||||||||||||
change in value of available for sale financial assets | 6 | ||||||||||||||||||||
gross revenues | 3,280,000,000 | 3,080,000,000 | 3,080,000,000 | 3,602,000,000 | |||||||||||||||||
net revenues | 3,172,000,000 | 3,001,000,000 | 3,001,000,000 | 3,491,000,000 | |||||||||||||||||
interest | 69,000,000 | 64,000,000 | 64,000,000 | 65,000,000 | |||||||||||||||||
accretion of asset retirement obligation | 17,000,000 | 11,000,000 | 11,000,000 | 22,000,000 | |||||||||||||||||
net earnings per common share | |||||||||||||||||||||
basic | -0.77 | 100,000 | 130,000 | 130,000 | 700,000 | ||||||||||||||||
diluted | -0.77 | 100,000 | 130,000 | 130,000 | 700,000 | ||||||||||||||||
transportation and selling | 194,000,000 | 194,000,000 | 291,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-06-30 | 2021-03-31 | 2021-03-23 | 2020-12-31 | 2020-06-30 | 2020-04-08 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-25 | 2018-09-30 | 2018-03-20 | 2017-11-08 | 2017-07-27 | 2017-04-26 | 2017-03-21 | 2017-02-16 | 2016-03-22 | 2016-02-11 | 2015-05-05 | 2015-03-24 | 2015-02-12 | 2014-12-31 | 2014-02-13 | 2013-12-31 | 2013-04-30 | 2013-04-24 | 2012-07-30 | 2011-05-02 | 2011-02-18 | 2010-11-01 | 2010-06-30 | 2010-03-31 | 2010-02-11 |
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assets | ||||||||||||||||||||||||||||||||||||||||||||
current assets | 6,473,000,000 | 4,776,000,000 | 6,473,000,000 | 4,195,000,000 | 4,195,000,000 | 5,610,000,000 | 5,610,000,000 | 4,876,000,000 | 4,876,000,000 | 3,655,000,000 | ||||||||||||||||||||||||||||||||||
cash and cash equivalents | 1,901,000,000 | 2,563,000,000 | 2,768,000,000 | 3,093,000,000 | 3,154,000,000 | 2,400,000,000 | 1,262,000,000 | 3,693,000,000 | 3,399,000,000 | 2,873,000,000 | 1,055,000,000 | 873,000,000 | 2,873,000,000 | 378,000,000 | 152,000,000 | 378,000,000 | 186,000,000 | 437,000,000 | 64,000,000 | 186,000,000 | 1,865,000,000 | 781,000,000 | 632,000,000 | 489,000,000 | 3,548,000,000 | 610,000,000 | 3,720,000,000 | 3,720,000,000 | 4,105,000,000 | 1,804,000,000 | 4,105,000,000 | 883,000,000 | 883,000,000 | 2,452,000,000 | 2,452,000,000 | 978,000,000 | 978,000,000 | 409,000,000 | 379,000,000 | 300,000,000 | 464,000,000 | 409,000,000 | 397,000,000 | 148,000,000 |
accounts receivable and accrued revenues | 4,688,000,000 | 2,916,000,000 | 2,711,000,000 | 2,614,000,000 | 3,648,000,000 | 3,801,000,000 | 4,534,000,000 | 5,848,000,000 | 5,987,000,000 | 3,870,000,000 | 3,632,000,000 | 3,495,000,000 | 3,870,000,000 | 1,488,000,000 | 1,390,000,000 | 1,488,000,000 | 1,551,000,000 | 1,306,000,000 | 1,430,000,000 | 1,551,000,000 | 1,898,000,000 | 1,238,000,000 | 1,609,000,000 | 1,572,000,000 | 1,749,000,000 | 1,830,000,000 | 1,838,000,000 | 1,838,000,000 | 1,251,000,000 | 1,367,000,000 | 1,251,000,000 | 1,582,000,000 | 1,582,000,000 | 1,874,000,000 | 1,874,000,000 | 1,840,000,000 | 1,840,000,000 | 1,348,000,000 | 1,141,000,000 | 1,055,000,000 | 1,051,000,000 | 1,063,000,000 | 1,108,000,000 | 874,000,000 |
income tax receivable | 54,000,000 | 60,000,000 | 308,000,000 | 231,000,000 | 240,000,000 | 201,000,000 | 133,000,000 | 7,000,000 | 22,000,000 | 7,000,000 | 12,000,000 | 22,000,000 | 21,000,000 | 10,000,000 | 21,000,000 | 10,000,000 | 14,000,000 | 33,000,000 | 10,000,000 | 147,000,000 | 160,000,000 | 6,000,000 | 37,000,000 | 20,000,000 | 68,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 15,000,000 | 6,000,000 | 28,000,000 | 28,000,000 | 15,000,000 | 15,000,000 | 29,000,000 | 30,000,000 | 31,000,000 | 34,000,000 | 7,000,000 | 38,000,000 | ||||
inventories | 3,126,000,000 | 3,917,000,000 | 4,316,000,000 | 4,496,000,000 | 4,605,000,000 | 4,436,000,000 | 4,816,000,000 | 5,255,000,000 | 4,661,000,000 | 3,919,000,000 | 3,211,000,000 | 2,831,000,000 | 3,919,000,000 | 1,089,000,000 | 1,095,000,000 | 1,089,000,000 | 1,532,000,000 | 1,497,000,000 | 1,385,000,000 | 1,532,000,000 | 1,641,000,000 | 1,013,000,000 | 1,122,000,000 | 1,136,000,000 | 1,232,000,000 | 1,389,000,000 | 1,237,000,000 | 1,237,000,000 | 810,000,000 | 1,250,000,000 | 810,000,000 | 1,224,000,000 | 1,224,000,000 | 1,259,000,000 | 1,259,000,000 | 1,239,000,000 | 1,239,000,000 | 1,135,000,000 | 940,000,000 | 880,000,000 | 862,000,000 | 809,000,000 | 845,000,000 | 836,000,000 |
total current assets | 9,769,000,000 | 9,456,000,000 | 10,103,000,000 | 10,434,000,000 | 11,647,000,000 | 10,838,000,000 | 10,745,000,000 | 15,321,000,000 | 14,584,000,000 | 11,988,000,000 | 7,905,000,000 | 7,211,000,000 | 11,988,000,000 | 2,976,000,000 | 2,650,000,000 | 2,976,000,000 | 3,284,000,000 | 3,256,000,000 | 2,927,000,000 | 3,284,000,000 | 5,909,000,000 | 3,195,000,000 | 5,209,000,000 | 6,794,000,000 | 8,857,000,000 | 5,008,000,000 | 6,822,000,000 | 6,822,000,000 | ||||||||||||||||
restricted cash | 256,000,000 | 248,000,000 | 244,000,000 | 241,000,000 | 224,000,000 | 219,000,000 | 209,000,000 | 213,000,000 | 188,000,000 | 186,000,000 | 170,000,000 | 167,000,000 | 186,000,000 | |||||||||||||||||||||||||||||||
exploration and evaluation assets | 430,000,000 | 526,000,000 | 511,000,000 | 484,000,000 | 639,000,000 | 750,000,000 | 796,000,000 | 725,000,000 | 723,000,000 | 720,000,000 | 639,000,000 | 637,000,000 | 720,000,000 | 623,000,000 | 806,000,000 | 623,000,000 | 787,000,000 | 822,000,000 | 800,000,000 | 787,000,000 | 2,827,000,000 | 785,000,000 | 5,517,000,000 | 5,338,000,000 | 1,369,000,000 | 3,673,000,000 | 1,585,000,000 | 1,585,000,000 | 1,575,000,000 | 1,706,000,000 | 1,575,000,000 | 1,625,000,000 | 1,625,000,000 | 1,473,000,000 | 1,473,000,000 | 1,374,000,000 | 1,374,000,000 | 1,164,000,000 | 944,000,000 | |||||
property, plant and equipment | 35,972,000,000 | 38,568,000,000 | 38,637,000,000 | 38,568,000,000 | 37,400,000,000 | 37,251,000,000 | 36,727,000,000 | 32,851,000,000 | 33,340,000,000 | 34,225,000,000 | 37,900,000,000 | 38,488,000,000 | 34,225,000,000 | 25,411,000,000 | 26,741,000,000 | 25,411,000,000 | 27,834,000,000 | 28,127,000,000 | 28,325,000,000 | 27,834,000,000 | 28,474,000,000 | 28,698,000,000 | 29,135,000,000 | 29,619,000,000 | 14,439,000,000 | 29,596,000,000 | 16,426,000,000 | 16,426,000,000 | 17,335,000,000 | 19,057,000,000 | 17,335,000,000 | 18,563,000,000 | 18,563,000,000 | 17,334,000,000 | 17,334,000,000 | 16,105,000,000 | 16,105,000,000 | 15,013,000,000 | 12,736,000,000 | 15,530,000,000 | 15,258,000,000 | 15,469,000,000 | 15,171,000,000 | 14,537,000,000 |
right-of-use assets | 1,914,000,000 | 2,044,000,000 | 1,947,000,000 | 1,950,000,000 | 1,637,000,000 | 1,635,000,000 | 1,738,000,000 | 1,916,000,000 | 1,963,000,000 | 2,010,000,000 | 2,160,000,000 | 2,243,000,000 | 2,010,000,000 | 1,139,000,000 | 1,231,000,000 | 1,139,000,000 | 1,325,000,000 | 1,093,000,000 | 956,000,000 | 1,325,000,000 | ||||||||||||||||||||||||
investments in equity-accounted affiliates | 321,000,000 | 338,000,000 | 362,000,000 | 399,000,000 | 418,000,000 | 428,000,000 | 356,000,000 | 330,000,000 | 300,000,000 | 311,000,000 | 311,000,000 | |||||||||||||||||||||||||||||||||
other assets | 447,000,000 | 477,000,000 | 440,000,000 | 451,000,000 | 456,000,000 | 300,000,000 | 266,000,000 | 323,000,000 | 455,000,000 | 431,000,000 | 463,000,000 | 468,000,000 | 431,000,000 | 313,000,000 | 219,000,000 | 313,000,000 | 211,000,000 | 209,000,000 | 79,000,000 | 211,000,000 | 61,000,000 | 64,000,000 | 61,000,000 | 63,000,000 | 64,000,000 | 71,000,000 | 56,000,000 | 56,000,000 | 76,000,000 | 68,000,000 | 76,000,000 | 70,000,000 | 70,000,000 | 68,000,000 | 68,000,000 | 50,000,000 | 50,000,000 | 53,000,000 | 285,000,000 | 391,000,000 | 411,000,000 | 427,000,000 | 414,000,000 | 131,000,000 |
deferred income taxes | 1,516,000,000 | 1,215,000,000 | 1,188,000,000 | 1,064,000,000 | 631,000,000 | 625,000,000 | 642,000,000 | 676,000,000 | 563,000,000 | 694,000,000 | 107,000,000 | 102,000,000 | 694,000,000 | 36,000,000 | 3,562,000,000 | 36,000,000 | 4,032,000,000 | 4,055,000,000 | 4,006,000,000 | 4,032,000,000 | 5,415,000,000 | 4,861,000,000 | 5,765,000,000 | 5,968,000,000 | 2,648,000,000 | 5,613,000,000 | 2,585,000,000 | 2,585,000,000 | 2,816,000,000 | 3,350,000,000 | 2,816,000,000 | 3,302,000,000 | 3,302,000,000 | 2,862,000,000 | 2,862,000,000 | 2,613,000,000 | 2,613,000,000 | 2,401,000,000 | 7,000,000 | |||||
goodwill | 2,923,000,000 | 2,923,000,000 | 2,923,000,000 | 2,923,000,000 | 2,923,000,000 | 2,923,000,000 | 2,923,000,000 | 3,473,000,000 | 3,473,000,000 | 3,473,000,000 | 2,984,000,000 | 2,984,000,000 | 3,473,000,000 | 2,272,000,000 | 2,272,000,000 | 2,272,000,000 | 2,272,000,000 | 2,272,000,000 | 2,272,000,000 | 2,272,000,000 | 2,272,000,000 | 2,272,000,000 | 2,339,000,000 | 2,349,000,000 | 242,000,000 | 2,272,000,000 | 242,000,000 | 242,000,000 | 242,000,000 | 242,000,000 | 242,000,000 | 242,000,000 | 242,000,000 | 739,000,000 | 739,000,000 | 739,000,000 | 739,000,000 | 1,132,000,000 | 1,132,000,000 | 1,146,000,000 | 1,146,000,000 | 1,146,000,000 | 1,146,000,000 | 1,095,000,000 |
total assets | 53,573,000,000 | 55,820,000,000 | 56,380,000,000 | 56,539,000,000 | 56,000,000,000 | 54,994,000,000 | 54,427,000,000 | 55,894,000,000 | 55,655,000,000 | 54,104,000,000 | 53,035,000,000 | 53,032,000,000 | 54,104,000,000 | 32,770,000,000 | 33,919,000,000 | 32,770,000,000 | 35,713,000,000 | 35,779,000,000 | 35,359,000,000 | 35,713,000,000 | 39,722,000,000 | 35,174,000,000 | 42,572,000,000 | 44,459,000,000 | 25,125,000,000 | 40,933,000,000 | 25,258,000,000 | 25,258,000,000 | 25,791,000,000 | 25,850,000,000 | 25,791,000,000 | 24,695,000,000 | 24,695,000,000 | 25,224,000,000 | 25,224,000,000 | 24,473,000,000 | 24,473,000,000 | 22,770,000,000 | 20,183,000,000 | |||||
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||
current liabilities | 1,858,000,000 | 2,426,000,000 | 1,858,000,000 | 2,957,000,000 | 2,957,000,000 | 3,779,000,000 | 3,779,000,000 | 3,567,000,000 | 3,567,000,000 | 3,083,000,000 | ||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 5,216,000,000 | 6,218,000,000 | 5,948,000,000 | 6,242,000,000 | 6,482,000,000 | 5,811,000,000 | 6,435,000,000 | 7,487,000,000 | 8,122,000,000 | 6,353,000,000 | 5,188,000,000 | 4,502,000,000 | 6,353,000,000 | 2,018,000,000 | 1,463,000,000 | 2,018,000,000 | 2,210,000,000 | 1,978,000,000 | 1,967,000,000 | 2,210,000,000 | 2,712,000,000 | 1,833,000,000 | 2,009,000,000 | 2,188,000,000 | 2,072,000,000 | 2,635,000,000 | 2,266,000,000 | 2,266,000,000 | 1,702,000,000 | 2,134,000,000 | 1,702,000,000 | 2,588,000,000 | 2,588,000,000 | 2,937,000,000 | 2,937,000,000 | 2,841,000,000 | 2,841,000,000 | 2,287,000,000 | 1,981,000,000 | 1,825,000,000 | 1,692,000,000 | 1,547,000,000 | 1,823,000,000 | 1,444,000,000 |
income tax payable | 93,000,000 | 115,000,000 | 66,000,000 | 396,000,000 | 74,000,000 | 113,000,000 | 146,000,000 | 985,000,000 | 391,000,000 | 179,000,000 | 55,000,000 | 58,000,000 | 179,000,000 | 12,000,000 | 17,000,000 | 16,000,000 | 17,000,000 | 17,000,000 | 33,000,000 | 17,000,000 | 58,000,000 | 138,000,000 | 125,000,000 | 129,000,000 | 112,000,000 | 112,000,000 | 133,000,000 | 276,000,000 | 133,000,000 | 357,000,000 | 357,000,000 | 268,000,000 | 268,000,000 | 275,000,000 | 275,000,000 | 180,000,000 | 231,000,000 | 154,000,000 | 99,000,000 | 64,000,000 | ||||
short-term borrowings | 256,000,000 | 323,000,000 | 173,000,000 | 137,000,000 | 14,000,000 | 62,000,000 | 79,000,000 | 65,000,000 | 266,000,000 | 79,000,000 | 121,000,000 | 299,000,000 | 121,000,000 | 209,000,000 | 250,000,000 | |||||||||||||||||||||||||||||
long-term debt | 182,000,000 | 192,000,000 | 192,000,000 | 7,275,000,000 | 7,227,000,000 | 7,224,000,000 | 11,228,000,000 | 11,744,000,000 | 12,385,000,000 | 12,748,000,000 | 13,947,000,000 | 12,385,000,000 | 7,441,000,000 | 8,085,000,000 | 7,441,000,000 | 6,699,000,000 | 662,000,000 | 654,000,000 | 6,699,000,000 | 8,788,000,000 | 8,482,000,000 | 12,094,000,000 | 12,520,000,000 | 6,277,000,000 | 9,513,000,000 | 6,332,000,000 | 6,332,000,000 | 6,525,000,000 | 5,973,000,000 | 6,525,000,000 | 5,458,000,000 | 5,458,000,000 | 4,997,000,000 | 4,997,000,000 | 4,778,000,000 | 4,778,000,000 | 3,536,000,000 | 3,355,000,000 | 3,432,000,000 | 3,574,000,000 | 3,821,000,000 | 3,494,000,000 | 3,493,000,000 | |
lease liabilities | 342,000,000 | 371,000,000 | 381,000,000 | 359,000,000 | 296,000,000 | 299,000,000 | 315,000,000 | 274,000,000 | 259,000,000 | 272,000,000 | 280,000,000 | 287,000,000 | 272,000,000 | 184,000,000 | 198,000,000 | 184,000,000 | 196,000,000 | 169,000,000 | 149,000,000 | 196,000,000 | ||||||||||||||||||||||||
total current liabilities | 5,651,000,000 | 7,142,000,000 | 6,910,000,000 | 7,362,000,000 | 7,029,000,000 | 6,365,000,000 | 7,205,000,000 | 8,865,000,000 | 9,140,000,000 | 7,305,000,000 | 6,596,000,000 | 5,311,000,000 | 7,305,000,000 | 2,359,000,000 | 2,160,000,000 | 2,359,000,000 | 2,521,000,000 | 2,909,000,000 | 2,870,000,000 | 2,521,000,000 | 4,692,000,000 | 2,600,000,000 | 3,706,000,000 | 4,714,000,000 | 2,902,000,000 | 4,436,000,000 | 2,671,000,000 | 2,671,000,000 | ||||||||||||||||
decommissioning liabilities | 4,973,000,000 | 4,710,000,000 | 4,608,000,000 | 4,534,000,000 | 4,136,000,000 | 4,123,000,000 | 3,603,000,000 | 2,788,000,000 | 3,304,000,000 | 3,906,000,000 | 3,859,000,000 | 3,835,000,000 | 3,906,000,000 | 1,248,000,000 | 913,000,000 | 1,248,000,000 | 1,235,000,000 | 1,205,000,000 | 1,197,000,000 | 1,235,000,000 | 1,009,000,000 | 875,000,000 | 1,109,000,000 | 1,122,000,000 | 1,363,000,000 | 1,029,000,000 | 1,847,000,000 | 1,847,000,000 | 2,052,000,000 | 2,819,000,000 | 2,052,000,000 | 2,616,000,000 | 2,616,000,000 | 2,370,000,000 | 2,370,000,000 | 2,162,000,000 | 2,162,000,000 | 2,003,000,000 | 1,377,000,000 | |||||
other liabilities | 925,000,000 | 873,000,000 | 892,000,000 | 919,000,000 | 1,178,000,000 | 1,156,000,000 | 1,183,000,000 | 790,000,000 | 906,000,000 | 929,000,000 | 932,000,000 | 1,018,000,000 | 929,000,000 | 181,000,000 | 137,000,000 | 181,000,000 | 195,000,000 | 183,000,000 | 161,000,000 | 195,000,000 | 154,000,000 | 158,000,000 | 184,000,000 | 182,000,000 | 213,000,000 | 173,000,000 | 211,000,000 | 211,000,000 | 142,000,000 | 146,000,000 | 142,000,000 | 172,000,000 | 172,000,000 | 180,000,000 | 180,000,000 | 166,000,000 | 166,000,000 | 113,000,000 | 352,000,000 | 346,000,000 | 351,000,000 | 353,000,000 | 335,000,000 | 54,000,000 |
total liabilities | 25,184,000,000 | 26,403,000,000 | 26,333,000,000 | 26,770,000,000 | 25,974,000,000 | 25,249,000,000 | 25,600,000,000 | 29,607,000,000 | 31,029,000,000 | 30,496,000,000 | 29,395,000,000 | 29,403,000,000 | 30,496,000,000 | 16,063,000,000 | 16,608,000,000 | 16,063,000,000 | 16,512,000,000 | 16,552,000,000 | 16,309,000,000 | 16,512,000,000 | 21,098,000,000 | 17,706,000,000 | 23,139,000,000 | 24,758,000,000 | 13,408,000,000 | 20,952,000,000 | 13,668,000,000 | 13,668,000,000 | 13,400,000,000 | 14,721,000,000 | 13,400,000,000 | 14,509,000,000 | 14,509,000,000 | 15,278,000,000 | 15,278,000,000 | 14,642,000,000 | 14,642,000,000 | 12,799,000,000 | ||||||
shareholders’ equity | 28,374,000,000 | 29,402,000,000 | 30,032,000,000 | 29,754,000,000 | 30,012,000,000 | 29,731,000,000 | 28,814,000,000 | 26,275,000,000 | 24,614,000,000 | 23,596,000,000 | 23,629,000,000 | 23,618,000,000 | 23,596,000,000 | 16,707,000,000 | 17,311,000,000 | 16,707,000,000 | 19,201,000,000 | 19,227,000,000 | 19,050,000,000 | 19,201,000,000 | 18,624,000,000 | 17,468,000,000 | 19,433,000,000 | 19,701,000,000 | 11,717,000,000 | 19,981,000,000 | 11,590,000,000 | 11,590,000,000 | 12,391,000,000 | 11,129,000,000 | 12,391,000,000 | 10,186,000,000 | 10,186,000,000 | 9,946,000,000 | 9,946,000,000 | 9,831,000,000 | 9,831,000,000 | 9,971,000,000 | 8,315,000,000 | 10,022,000,000 | 10,159,000,000 | 10,055,000,000 | 9,901,000,000 | 9,180,000,000 |
non-controlling interest | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 14,000,000 | 14,000,000 | 13,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 11,000,000 | 11,000,000 | 12,000,000 | |||||||||||||||||||||||||||||||
total liabilities and equity | 53,573,000,000 | 55,820,000,000 | 56,380,000,000 | 56,539,000,000 | 56,000,000,000 | 54,994,000,000 | 54,427,000,000 | 55,894,000,000 | 55,655,000,000 | 54,104,000,000 | 53,032,000,000 | 54,104,000,000 | ||||||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||
contingent payments | 40,000,000 | 142,000,000 | 295,000,000 | |||||||||||||||||||||||||||||||||||||||||
assets held for sale | 525,000,000 | 530,000,000 | 1,304,000,000 | 1,304,000,000 | 481,000,000 | 1,805,000,000 | 3,378,000,000 | 2,252,000,000 | 1,048,000,000 | 362,000,000 | 362,000,000 | 65,000,000 | 65,000,000 | |||||||||||||||||||||||||||||||
contingent payment | 178,000,000 | 236,000,000 | 376,000,000 | 198,000,000 | 236,000,000 | 36,000,000 | 27,000,000 | 36,000,000 | 79,000,000 | 64,000,000 | 58,000,000 | 79,000,000 | 161,000,000 | 15,000,000 | 252,000,000 | 60,000,000 | 38,000,000 | |||||||||||||||||||||||||||
liabilities related to assets held for sale | 119,000,000 | 128,000,000 | 186,000,000 | 186,000,000 | 152,000,000 | 1,318,000,000 | 1,434,000,000 | 638,000,000 | 603,000,000 | 33,000,000 | 33,000,000 | 8,000,000 | 7,000,000 | |||||||||||||||||||||||||||||||
common shares | ||||||||||||||||||||||||||||||||||||||||||||
as at december 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||
net earnings | ||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income (loss), net of tax | ||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||
common shares issued | ||||||||||||||||||||||||||||||||||||||||||||
preferred shares issued | ||||||||||||||||||||||||||||||||||||||||||||
warrants issued | ||||||||||||||||||||||||||||||||||||||||||||
warrants exercised | ||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense | ||||||||||||||||||||||||||||||||||||||||||||
dividends on common shares | ||||||||||||||||||||||||||||||||||||||||||||
dividends on preferred shares | ||||||||||||||||||||||||||||||||||||||||||||
as at june 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
as at december 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
common shares issued on exercise of stock options | ||||||||||||||||||||||||||||||||||||||||||||
purchase of common shares under ncib | ||||||||||||||||||||||||||||||||||||||||||||
as at june 30, 2022 | ||||||||||||||||||||||||||||||||||||||||||||
as at march 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
as at march 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||
investment in equity-accounted affiliates | 505,000,000 | 530,000,000 | ||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 632,000,000 | 1,036,000,000 | 682,000,000 | 893,000,000 | ||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 53,035,000,000 | 32,770,000,000 | 33,919,000,000 | 32,770,000,000 | 35,713,000,000 | 35,779,000,000 | 35,359,000,000 | 35,713,000,000 | 39,722,000,000 | 35,174,000,000 | 42,572,000,000 | 44,459,000,000 | 25,125,000,000 | 40,933,000,000 | 25,258,000,000 | 25,258,000,000 | 25,791,000,000 | 25,850,000,000 | 25,791,000,000 | 24,695,000,000 | 24,695,000,000 | 25,224,000,000 | 25,224,000,000 | 24,473,000,000 | 24,473,000,000 | 22,770,000,000 | 20,183,000,000 | |||||||||||||||||
risk management | 3,000,000 | 5,000,000 | 2,000,000 | 15,000,000 | 5,000,000 | 24,000,000 | 163,000,000 | 35,000,000 | 182,000,000 | 56,000,000 | 63,000,000 | 21,000,000 | 21,000,000 | 301,000,000 | 340,000,000 | 301,000,000 | 478,000,000 | 478,000,000 | 10,000,000 | 10,000,000 | 60,000,000 | 60,000,000 | 380,000,000 | 133,000,000 | 163,000,000 | 262,000,000 | 196,000,000 | 246,000,000 | 58,000,000 | |||||||||||||||
onerous contract provisions | 19,000,000 | 17,000,000 | 17,000,000 | 16,000,000 | 17,000,000 | 41,000,000 | 50,000,000 | |||||||||||||||||||||||||||||||||||||
current portion of partnership contribution payable | 438,000,000 | 438,000,000 | 400,000,000 | 400,000,000 | 384,000,000 | 340,000,000 | 343,000,000 | 350,000,000 | 355,000,000 | 335,000,000 | 325,000,000 | |||||||||||||||||||||||||||||||||
partnership contribution payable | 1,087,000,000 | 1,087,000,000 | 1,354,000,000 | 1,354,000,000 | 1,662,000,000 | 2,039,000,000 | 2,176,000,000 | 2,344,000,000 | 2,506,000,000 | 2,486,000,000 | 2,532,000,000 | |||||||||||||||||||||||||||||||||
current portion of partnership contribution receivable | 397,000,000 | 397,000,000 | 383,000,000 | 342,000,000 | 346,000,000 | 353,000,000 | 359,000,000 | 339,000,000 | 330,000,000 | |||||||||||||||||||||||||||||||||||
partnership contribution receivable | 1,325,000,000 | 1,325,000,000 | 1,631,000,000 | 2,009,000,000 | 2,145,000,000 | 2,313,000,000 | 2,475,000,000 | 2,457,000,000 | 2,504,000,000 | |||||||||||||||||||||||||||||||||||
current assets - sum | 3,030,000,000 | 2,775,000,000 | 2,942,000,000 | |||||||||||||||||||||||||||||||||||||||||
current liabilities - sum | 3,164,000,000 | 2,485,000,000 | 2,225,000,000 | |||||||||||||||||||||||||||||||||||||||||
asset retirement obligation | 1,213,000,000 | 1,125,000,000 | 1,175,000,000 | 1,165,000,000 | 1,096,000,000 | |||||||||||||||||||||||||||||||||||||||
future income taxes | 2,404,000,000 | 2,472,000,000 | 2,561,000,000 | 2,569,000,000 | 2,357,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-03-31 | 2021-06-30 | 2021-03-31 | 2017-11-08 | 2017-07-27 | 2017-04-26 | 2015-05-05 | 2013-04-30 | 2013-04-24 | 2012-07-30 | 2011-05-02 | 2011-02-18 | 2010-11-01 | 2010-06-30 | 2010-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||
net earnings | 435,000,000 | -8,000,000 | 859,000,000 | 1,176,000,000 | 4,000,000 | 220,000,000 | -2,709,000,000 | 2,429,000,000 | 211,000,000 | 171,000,000 | 171,000,000 | 349,000,000 | 47,000,000 | -150,000,000 | 51,000,000 | -353,000,000 | 525,000,000 | |
depreciation, depletion and amortization | 138,000,000 | -130,000,000 | 1,314,000,000 | 1,195,000,000 | -9,000,000 | 1,045,000,000 | 96,000,000 | 93,000,000 | 363,000,000 | 499,000,000 | 455,000,000 | 455,000,000 | 73,000,000 | 306,000,000 | 31,000,000 | -10,000,000 | 1,000,000 | 324,000,000 |
deferred income tax expense | -200,000,000 | -61,000,000 | -66,000,000 | -32,000,000 | 36,000,000 | 27,000,000 | ||||||||||||
unrealized loss on risk management | 50,000,000 | -92,000,000 | 23,000,000 | 145,000,000 | -437,000,000 | 268,000,000 | ||||||||||||
unrealized foreign exchange loss | 573,000,000 | -439,000,000 | 19,000,000 | 523,000,000 | 50,000,000 | |||||||||||||
realized foreign exchange loss on non-operating items | ||||||||||||||||||
loss on divestiture of assets | ||||||||||||||||||
re-measurement of contingent payments | 28,000,000 | |||||||||||||||||
unwinding of discount on decommissioning liabilities | 5,000,000 | 0 | 58,000,000 | 57,000,000 | -2,000,000 | 48,000,000 | -4,000,000 | -3,000,000 | 26,000,000 | 31,000,000 | 24,000,000 | 24,000,000 | 3,000,000 | 18,000,000 | ||||
loss from equity-accounted affiliates | 34,000,000 | -50,000,000 | 7,000,000 | |||||||||||||||
distributions received from equity-accounted affiliates | -31,000,000 | 33,000,000 | 25,000,000 | 31,000,000 | ||||||||||||||
stock-based compensation, net of payments | 63,000,000 | 5,000,000 | 7,000,000 | -154,000,000 | ||||||||||||||
other | -21,000,000 | 52,000,000 | -34,000,000 | -100,000,000 | 126,000,000 | -64,000,000 | -4,000,000 | 8,000,000 | 2,000,000 | 2,000,000 | -73,000,000 | 91,000,000 | -12,000,000 | 3,000,000 | -2,000,000 | 19,000,000 | ||
settlement of decommissioning liabilities | -26,000,000 | -32,000,000 | -36,000,000 | -48,000,000 | ||||||||||||||
net change in non-cash working capital | -1,164,000,000 | 1,784,000,000 | -861,000,000 | -269,000,000 | -441,000,000 | 11,000,000 | -843,000,000 | 436,000,000 | 36,000,000 | -42,000,000 | -42,000,000 | 10,000,000 | 53,000,000 | -125,000,000 | 114,000,000 | |||
cash from operating activities | -243,000,000 | 1,059,000,000 | 1,315,000,000 | 1,925,000,000 | 1,141,000,000 | 228,000,000 | -647,000,000 | 911,000,000 | 328,000,000 | 275,000,000 | 895,000,000 | 895,000,000 | 337,000,000 | 631,000,000 | 13,000,000 | 174,000,000 | -349,000,000 | 820,000,000 |
investing activities | ||||||||||||||||||
acquisitions, net of cash acquired | 122,000,000 | -29,000,000 | -100,000,000 | -10,000,000 | ||||||||||||||
capital investment | 10,000,000 | 65,000,000 | -1,229,000,000 | -1,036,000,000 | ||||||||||||||
proceeds from divestitures | 25,000,000 | 95,000,000 | 5,000,000 | 96,000,000 | 0 | 72,000,000 | ||||||||||||
net change in investments and other | 21,000,000 | -21,000,000 | 4,000,000 | -13,000,000 | 2,000,000 | 0 | 2,000,000 | |||||||||||
cash from investing activities | 59,000,000 | -27,000,000 | -1,348,000,000 | -1,135,000,000 | -628,000,000 | 204,000,000 | 15,218,000,000 | -14,247,000,000 | -459,000,000 | -903,000,000 | ||||||||
net cash provided (used) before financing activities | -184,000,000 | 1,032,000,000 | -33,000,000 | 790,000,000 | 513,000,000 | 432,000,000 | 14,571,000,000 | -13,336,000,000 | -131,000,000 | -345,000,000 | 343,000,000 | -445,000,000 | 448,000,000 | |||||
financing activities | ||||||||||||||||||
net issuance (repayment) of short-term borrowings | 170,000,000 | -234,000,000 | 150,000,000 | -175,000,000 | -316,000,000 | 250,000,000 | ||||||||||||
repayment of long-term debt | -12,000,000 | |||||||||||||||||
principal repayment of leases | 5,000,000 | -11,000,000 | -83,000,000 | -70,000,000 | ||||||||||||||
net proceeds (repayment) on repurchase agreements | 27,000,000 | |||||||||||||||||
common shares issued under stock option plans | 1,000,000 | 1,000,000 | 3,000,000 | 4,000,000 | ||||||||||||||
purchase of common shares under ncib | -617,000,000 | -239,000,000 | -62,000,000 | -165,000,000 | ||||||||||||||
purchase of common shares under employee benefit plan | -6,000,000 | 43,000,000 | -58,000,000 | |||||||||||||||
redemption of preferred shares | 50,000,000 | -200,000,000 | ||||||||||||||||
proceeds from exercise of warrants | 0 | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | |||||||||||||
dividends paid | 12,000,000 | -35,000,000 | -333,000,000 | |||||||||||||||
cash from financing activities | -441,000,000 | -784,000,000 | -294,000,000 | -677,000,000 | -756,000,000 | 39,000,000 | -11,297,000,000 | 10,340,000,000 | -52,000,000 | 1,292,000,000 | -166,000,000 | -166,000,000 | -360,000,000 | 130,000,000 | ||||
effect of foreign exchange on cash and cash equivalents | 168,000,000 | -128,000,000 | 2,000,000 | 60,000,000 | ||||||||||||||
increase in cash and cash equivalents | -457,000,000 | 120,000,000 | -325,000,000 | 173,000,000 | -313,000,000 | 495,000,000 | 3,202,000,000 | -2,887,000,000 | -172,000,000 | 921,000,000 | -182,000,000 | -182,000,000 | -130,000,000 | 79,000,000 | 43,000,000 | |||
cash and cash equivalents, beginning of period | -205,000,000 | -325,000,000 | 3,093,000,000 | 2,227,000,000 | 495,000,000 | 378,000,000 | -3,059,000,000 | -172,000,000 | 3,720,000,000 | 883,000,000 | 1,160,000,000 | 1,160,000,000 | 160,000,000 | 300,000,000 | 55,000,000 | 12,000,000 | 242,000,000 | 155,000,000 |
cash and cash equivalents, end of period | -662,000,000 | -205,000,000 | 2,768,000,000 | 2,400,000,000 | 182,000,000 | 873,000,000 | 143,000,000 | -3,059,000,000 | 3,548,000,000 | 1,804,000,000 | 978,000,000 | 978,000,000 | 30,000,000 | 379,000,000 | -164,000,000 | 55,000,000 | 12,000,000 | 397,000,000 |
net proceeds on repurchase agreements | 300,000,000 | |||||||||||||||||
payment for purchase of warrants | ||||||||||||||||||
unrealized (gain) loss on risk management | 31,000,000 | 618,000,000 | 147,000,000 | -279,000,000 | 230,000,000 | 230,000,000 | ||||||||||||
unrealized foreign exchange (gain) loss | 124,000,000 | -44,000,000 | -324,000,000 | -72,000,000 | 50,000,000 | |||||||||||||
(gain) loss on divestiture of assets | -105,000,000 | 1,000,000 | ||||||||||||||||
(income) income from equity-accounted affiliates | ||||||||||||||||||
base dividends paid on common shares | -262,000,000 | |||||||||||||||||
dividends paid on preferred shares | ||||||||||||||||||
exploration expense | -9,000,000 | 10,000,000 | 3,000,000 | |||||||||||||||
inventory write-down | ||||||||||||||||||
realization of inventory write-downs | ||||||||||||||||||
re-measurement of contingent payment, net of cash paid | ||||||||||||||||||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | -243,000,000 | 1,059,000,000 | 1,315,000,000 | 1,925,000,000 | 1,141,000,000 | 228,000,000 | -647,000,000 | 911,000,000 | 328,000,000 | 275,000,000 | 895,000,000 | 895,000,000 | 337,000,000 | 631,000,000 | 13,000,000 | 174,000,000 | -349,000,000 | 820,000,000 |
payment on divestiture of assets | ||||||||||||||||||
cash acquired through business combination | 735,000,000 | |||||||||||||||||
(repayment) of long-term debt | ||||||||||||||||||
net issuance (repayment) of revolving long-term debt | -450,000,000 | 50,000,000 | -27,000,000 | |||||||||||||||
dividends paid on common shares | -1,000,000 | -20,000,000 | -41,000,000 | -184,000,000 | -184,000,000 | |||||||||||||
realized foreign exchange (gain) loss on non-operating items | ||||||||||||||||||
net cash received on assumption of decommissioning liabilities | ||||||||||||||||||
issuance of long-term debt | ||||||||||||||||||
re-measurement of contingent payment | 62,000,000 | 187,000,000 | 23,000,000 | |||||||||||||||
realized inventory write-down | ||||||||||||||||||
distribution received from equity-accounted affiliates | 33,000,000 | 28,000,000 | ||||||||||||||||
capital expenditures – exploration and evaluation assets | -19,000,000 | 10,000,000 | -43,000,000 | -168,000,000 | -168,000,000 | |||||||||||||
capital expenditures – property, plant and equipment | -97,000,000 | -24,000,000 | -270,000,000 | -750,000,000 | -750,000,000 | |||||||||||||
issuance (repayment) of short-term borrowings | -303,000,000 | 107,000,000 | ||||||||||||||||
inventory write-downs | 16,000,000 | |||||||||||||||||
foreign exchange gain on cash and cash equivalents held in foreign currency | 24,000,000 | -72,000,000 | 109,000,000 | 11,000,000 | 2,000,000 | |||||||||||||
cash and cash equivalents, beginning of year | ||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||
net change in other assets and liabilities | 6,000,000 | 6,000,000 | -31,000,000 | -34,000,000 | -34,000,000 | |||||||||||||
onerous contract provisions, net of cash paid | 3,000,000 | |||||||||||||||||
(gain) loss on discontinuance | ||||||||||||||||||
deferred income taxes | -1,050,000,000 | 797,000,000 | 71,000,000 | 39,000,000 | 39,000,000 | |||||||||||||
(repayment) of finance lease liabilities | ||||||||||||||||||
revaluation | ||||||||||||||||||
acquisition, net of cash acquired | 14,263,000,000 | |||||||||||||||||
net issuance (repayment) of revolving term debt | ||||||||||||||||||
issuance of debt under asset sale bridge facility | ||||||||||||||||||
(repayment) of debt under asset sale bridge facility | ||||||||||||||||||
common shares issued, net of issuance costs | 1,449,000,000 | |||||||||||||||||
other asset impairments | ||||||||||||||||||
loss on discontinuance | ||||||||||||||||||
proceeds from divestiture of assets | 16,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | ||||||||||||||
acquisition deposit | -173,000,000 | |||||||||||||||||
acquisition financing costs | -10,000,000 | |||||||||||||||||
current tax on divestiture of assets | ||||||||||||||||||
net issuance of debt under asset sale bridge facility | ||||||||||||||||||
repayment of debt under asset sale bridge facility | ||||||||||||||||||
supplementary cash flow information | ||||||||||||||||||
acquisition | ||||||||||||||||||
goodwill impairment | ||||||||||||||||||
capital expenditures — exploration and evaluation assets | ||||||||||||||||||
capital expenditures — property, plant and equipment | ||||||||||||||||||
issuance of u.s. unsecured notes | ||||||||||||||||||
repayment of u.s. unsecured notes | ||||||||||||||||||
proceeds on issuance of common shares | 18,000,000 | 18,000,000 | ||||||||||||||||
cash (used in) investing activities | -903,000,000 | |||||||||||||||||
operating activities - sum | 971,000,000 | |||||||||||||||||
issuance of common shares | 31,000,000 | 13,000,000 | 2,000,000 | -3,000,000 | 5,000,000 | |||||||||||||
dividends on common shares | ||||||||||||||||||
future income taxes | 100,000,000 | |||||||||||||||||
accretion of asset retirement obligation | -1,000,000 | 0 | -4,000,000 | 22,000,000 | ||||||||||||||
restricted cash | ||||||||||||||||||
net financing transactions with encana | ||||||||||||||||||
issuance of cenovus notes | ||||||||||||||||||
payment of note payable to encana | ||||||||||||||||||
net distribution to encana | ||||||||||||||||||
cash from (used in) financing activities | ||||||||||||||||||
increase (decrease) in cash and cash equivalents | 242,000,000 | |||||||||||||||||
net cash provided before financing activities | ||||||||||||||||||
payment of transition account payable to encana | ||||||||||||||||||
cash (used in) financing activities | ||||||||||||||||||
(gain) loss on divestitures | ||||||||||||||||||
cash and cash equivalents (bank overdraft), beginning of year | ||||||||||||||||||
supplemental cash flow information |