v3.26.1
Consolidated balance sheet (U.S. GAAP, unaudited) - CAD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,029 $ 1,142
Accounts receivable - net [1] 7,649 4,371
Inventories of crude oil and products 1,975 2,211
Materials, supplies and prepaid expenses 866 693
Total current assets 11,519 8,417
Investments and long-term receivables [2] 1,054 1,103
Property, plant and equipment, 60,465 60,031
less accumulated depreciation and depletion (29,642) (29,168)
Property, plant and equipment - net 30,823 30,863
Goodwill 166 166
Other assets, including intangibles - net 1,891 1,760
Total assets 45,453 42,309
Current liabilities    
Notes and loans payable 19 19
Accounts payable and accrued liabilities [1] 9,203 6,595
Income taxes payable 126 2
Total current liabilities 9,348 6,616
Long-term debt [3] 3,974 3,978
Other long-term obligations 5,124 4,959
Deferred income tax liabilities 4,259 4,502
Total liabilities 22,705 20,055
Shareholders’ equity    
Common shares at stated value [4] 895 895
Earnings reinvested 21,892 21,373
Accumulated other comprehensive income (loss) (39) (14)
Total shareholders’ equity 22,748 22,254
Total liabilities and shareholders’ equity $ 45,453 $ 42,309
[1]
Accounts receivable - net included net amounts receivable from related parties.$1,326 399
[2]
Investments and long-term receivables included amounts from related parties.235251
[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).484484