v3.25.4
Consolidated statement of income (U.S. GAAP) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues and other income      
Revenues [1] $ 46,918 $ 51,359 $ 50,702
Investment and other income 160 173 267
Total revenues and other income 47,078 51,532 50,969
Expenses      
Exploration 7 3 5
Purchase of crude oil and products [2] 29,807 33,184 32,399
Production and manufacturing [3] 7,269 6,599 6,879
Selling and general [3] 1,386 945 857
Federal excise tax and fuel charge 1,715 2,535 2,402
Depreciation and depletion (includes impairments) 2,579 1,983 1,907
Non-service pension and postretirement benefit 41 3 82
Financing [4] 12 41 69
Total expenses 42,816 45,293 44,600
Income (loss) before income taxes 4,262 6,239 6,369
Income taxes 994 1,449 1,480
Net income (loss) $ 3,268 $ 4,790 $ 4,889
Per share information (Canadian dollars)      
Net income (loss) per common share - basic (in CAD per share) $ 6.50 $ 9.05 $ 8.51
Net income (loss) per common share - diluted (in CAD per share) $ 6.48 $ 9.03 $ 8.49
[1]
(a) Amounts from related parties included in revenues (note 16).13,534 14,654 16,166 
[2]
(b) Amounts to related parties included in purchases of crude oil and products
       (note 16).
5,369 6,651 6,747 
[3]
(c) Amounts to related parties included in production and manufacturing,
       and selling and general expenses (note 16).
568541473
[4]
(d) Amounts to related parties included in financing (note 16).97161169