v3.26.1
Supplementary Oil And Gas Information (Unaudited) - Results of Operations from Crude Oil and Natural Gas Producing Activities (Details) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Supplementary Oil & Gas Information [Line Items]      
Production $ (9,155) $ (8,093) $ (8,480)
Transportation [1] (2,751) (2,053) (1,570)
Depletion, depreciation and amortization [2] (9,384) (6,681) (6,413)
Asset retirement obligation accretion (380) (389) (366)
Income tax (1,911) (1,531) (1,879)
Oil And Gas      
Supplementary Oil & Gas Information [Line Items]      
Crude oil and natural gas revenue, net of royalties, blending and feedstock costs 30,016 27,437 27,796
Production (8,808) (7,719) (8,089)
Transportation (2,726) (2,049) (1,558)
Depletion, depreciation and amortization (9,367) (6,665) (6,397)
Asset retirement obligation accretion (380) (389) (366)
Petroleum revenue tax recovery 561 232 273
Income tax (1,940) (2,504) (2,684)
Results of operations 7,356 8,343 8,975
North America | Oil And Gas      
Supplementary Oil & Gas Information [Line Items]      
Crude oil and natural gas revenue, net of royalties, blending and feedstock costs 29,490 26,501 26,773
Production (8,260) (7,170) (7,606)
Transportation (2,716) (2,038) (1,550)
Depletion, depreciation and amortization (7,362) (6,089) (5,690)
Asset retirement obligation accretion (307) (315) (312)
Petroleum revenue tax recovery 0 0 0
Income tax (2,509) (2,526) (2,700)
Results of operations 8,336 8,363 8,915
North Sea | Oil And Gas      
Supplementary Oil & Gas Information [Line Items]      
Crude oil and natural gas revenue, net of royalties, blending and feedstock costs 339 478 442
Production (469) (440) (342)
Transportation (10) (10) (7)
Depletion, depreciation and amortization (1,573) (279) (494)
Asset retirement obligation accretion (64) (65) (46)
Petroleum revenue tax recovery 561 232 273
Income tax 486 34 70
Results of operations (730) (50) (104)
Offshore Africa | Oil And Gas      
Supplementary Oil & Gas Information [Line Items]      
Crude oil and natural gas revenue, net of royalties, blending and feedstock costs 187 458 581
Production (79) (109) (141)
Transportation 0 (1) (1)
Depletion, depreciation and amortization (432) (297) (213)
Asset retirement obligation accretion (9) (9) (8)
Petroleum revenue tax recovery 0 0 0
Income tax 83 (12) (54)
Results of operations $ (250) $ 30 $ 164
[1] During 2025, the Company revised its presentation of transportation, blending and feedstock costs, showing the expenses on a disaggregated basis. The comparative periods presented have been updated to reflect the revision (note 1).
[2] Depletion, depreciation and amortization expense for the year ended December 31, 2025 includes a $1,462 million (2024 – $160 million; 2023 – $436 million) non-cash recoverability charge for revisions to abandonment and decommissioning costs in the North Sea, a $269 million non-cash recoverability charge related to the decision to not pursue an extension of the Company's Production Sharing Contract ("PSC") for the Espoir field in Offshore Africa, and a $46 million non-cash derecognition of exploration and evaluation assets related to the decision to not pursue development of Kossipo in Offshore Africa (notes 5 and 6).