v3.25.2
Consolidated balance sheet (U.S. GAAP, unaudited) - CAD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 2,386 $ 979
Accounts receivable - net [1] 5,602 5,758
Inventories of crude oil and products 1,642 1,642
Materials, supplies and prepaid expenses 1,028 975
Total current assets 10,658 9,354
Investments and long-term receivables [2] 1,094 1,084
Property, plant and equipment, 58,876 58,048
less accumulated depreciation and depletion (28,208) (27,241)
Property, plant and equipment - net 30,668 30,807
Goodwill 166 166
Other assets, including intangibles - net 1,592 1,527
Total assets 44,178 42,938
Current liabilities    
Notes and loans payable 19 19
Accounts payable and accrued liabilities (note 7) [1] 6,710 6,907
Income taxes payable 0 81
Total current liabilities 6,729 7,007
Long-term debt (note 6) [3] 3,983 3,992
Other long-term obligations (note 7) 3,901 3,870
Deferred income tax liabilities 4,566 4,596
Total liabilities 19,179 19,465
Shareholders’ equity    
Common shares at stated value (note 9) [4] 942 942
Earnings reinvested 24,249 22,745
Accumulated other comprehensive income (loss) (note 10) (192) (214)
Total shareholders’ equity 24,999 23,473
Total liabilities and shareholders’ equity $ 44,178 $ 42,938
[1]
Accounts receivable - net included net amounts receivable from related parties.$1,145 756
[2]
Investments and long-term receivables included amounts from related parties.254266
[3]
Long-term debt included amounts to related parties.3,4473,447
[4]
Number of common shares authorized (millions).1,1001,100
Number of common shares outstanding (millions).509509