Imperial Oil Limited (IMO) 10-Q 3 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2016shares
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	IMO
Entity Registrant Name	IMPERIAL OIL LTD
Entity Central Index Key	49,938
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	847,599,011

Consolidated statement of incom

Consolidated statement of income - CAD CAD in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2016		Jun. 30, 2015
Revenues and other income
Operating revenues	[1],[2]	CAD 6,225	[3]	CAD 7,272	[3]	CAD 11,399	[4]	CAD 13,442	[4]
Investment and other income (note 3)		23		29		71		62
Total revenues and other income		6,248		7,301		11,470		13,504
Expenses
Exploration (note 11)		42		16		59		33
Purchases of crude oil and products	[5]	4,041		4,295		7,027		7,600
Production and manufacturing	[6]	1,310		1,395		2,581		2,754
Selling and general	[6]	267		272		537		536
Federal excise tax	[2]	415		387	[7]	803	[7]	764
Depreciation and depletion		407		335		831		652
Financing costs (note 5)		18		5		33		8
Total expenses		6,500		6,705		11,871		12,347
Income (loss) before income taxes		(252)		596		(401)		1,157
Income taxes		(71)		476		(119)		616
Net income (loss)		CAD (181)		CAD 120		CAD (282)		CAD 541
Per-share information (Canadian dollars)
Net income (loss) per common share - basic (note 8)		CAD (0.21)		CAD 0.14		CAD (0.33)		CAD 0.64
Net income (loss) per common share - diluted (note 8)		(0.21)		0.14		(0.33)		0.64
Dividends per common share		CAD 0.15		CAD 0.13		CAD 0.29		CAD 0.26
[1]	Amounts from related parties included in operating revenues.*
[2]	Federal excise tax included in operating revenues.
[3]	Included export sales to the United States of $966 million (2015 - $1,362 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.
[4]	Included export sales to the United States of $1,763 million (2015 - $2,163 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.
[5]	Amounts to related parties included in purchases of crude oil and products.*
[6]	Amounts to related parties included in production and manufacturing, and selling and general expenses.
[7]	Note: Restated 2015.

Consolidated statement of inco3

Consolidated statement of income (Parenthetical) - CAD CAD in Millions		3 Months Ended			6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	[2]	Jun. 30, 2016	[2]	Jun. 30, 2015
Federal excise tax included in operating revenues	[1]	CAD 415	CAD 387		CAD 803		CAD 764
Amounts from related parties included in operating revenues		446	937		1,009		1,543
Amounts to related parties included in purchases of crude oil and products		286	779		917		1,383
Amounts to related parties included in production and manufacturing, and selling and general expenses		CAD 157	CAD 125		CAD 261		CAD 227
[1]	Federal excise tax included in operating revenues.
[2]	Note: Restated 2015.

Consolidated statement of compr

Consolidated statement of comprehensive income - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income (loss)	CAD (181)	CAD 120	CAD (282)	CAD 541
Other comprehensive income (loss), net of income taxes
Post-retirement benefit liability adjustment (excluding amortization)			100	(176)
Amortization of post-retirement benefit liability adjustment included in net periodic benefit costs	33	42	74	84
Total other comprehensive income (loss)	33	42	174	(92)
Comprehensive income (loss)	CAD (148)	CAD 162	CAD (108)	CAD 449

Consolidated balance sheet

Consolidated balance sheet - CAD CAD in Millions		Jun. 30, 2016		Dec. 31, 2015
Current assets
Cash		CAD 195	[1]	CAD 203
Accounts receivable, less estimated doubtful accounts	[2]	1,977		1,581
Inventories of crude oil and products		919		1,190
Materials, supplies and prepaid expenses		551		424
Deferred income tax assets		339		272
Total current assets		3,981		3,670
Long-term receivables, investments and other long-term assets		1,309		1,414
Property, plant and equipment,		53,480		54,203
less accumulated depreciation and depletion		(16,514)		(16,404)
Property, plant and equipment, net		36,966		37,799
Goodwill		186		224
Other intangible assets, net		61		63
Assets held for sale (note 10)		741
Total assets		43,244		43,170
Current liabilities
Notes and loans payable	[3]	1,862		1,952
Accounts payable and accrued liabilities (note 7)		3,179		2,989
Income taxes payable		465		452
Total current liabilities		5,506		5,393
Long-term debt (note 6)	[4]	7,046		6,564
Other long-term obligations (note 7)	[5]	3,455		3,597
Deferred income tax liabilities		4,165		4,191
Total liabilities		20,172		19,745
Shareholders' equity
Common shares at stated value	[6]	1,566		1,566
Earnings reinvested		23,160		23,687
Accumulated other comprehensive income (loss) (note 9)		(1,654)		(1,828)
Total shareholders' equity		23,072		23,425
Total liabilities and shareholders' equity		CAD 43,244		CAD 43,170
[1]	Cash is composed of cash in bank and cash equivalents at cost. Cash equivalents are all highly liquid securities with the maturity of three months or less when purchased.
[2]	Accounts receivable, less estimated doubtful accounts included amounts receivable from related parties of $131 million (2015 - $129 million).
[3]	Notes and loans payable included amounts to related parties of $75 million (2015 - $75 million).
[4]	Long-term debt included amounts to related parties of $6,447 million (2015 - $5,952 million).
[5]	Other long-term obligations included amounts to related parties of $125 million (2015 - $146 million).
[6]	Number of common shares authorized and outstanding were 1,100 million and 848 million, respectively (2015 - 1,100 million and 848 million, respectively).

Consolidated balance sheet (Par

Consolidated balance sheet (Parenthetical) - CAD CAD in Millions	Jun. 30, 2016	Dec. 31, 2015
Amounts receivable from related parties	CAD 131	CAD 129
Due to related parties, current	CAD 75	CAD 75
Common shares authorized	1,100,000,000	1,100,000,000
Common shares outstanding	848,000,000	848,000,000
Long-term debt
Due to related parties	CAD 6,447	CAD 5,952
Other long-term obligations
Due to related parties	CAD 125	CAD 146

Consolidated statement of cash

Consolidated statement of cash flows - CAD CAD in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Operating activities
Net income (loss)		CAD (181)	CAD 120	CAD (282)	CAD 541
Adjustments for non-cash items:
Depreciation and depletion		407	335	831	652
(Gain) loss on asset sales (note 3)		(13)	(25)	(43)	(51)
Deferred income taxes and other		(98)	254	(180)	272
Changes in operating assets and liabilities:
Accounts receivables		(338)	(353)	(396)	(566)
Inventories, materials, supplies and prepaid expenses		151	(148)	119	(163)
Income taxes payable		22	148	13	332
Accounts payable and accrued liabilities		371	23	182	(363)
All other items - net	[1]	122	23	248	4
Cash flows from (used in) operating activities		443	377	492	658
Investing activities
Additions to property, plant and equipment		(313)	(773)	(704)	(1,784)
Proceeds from asset sales (note 3)		17	65	50	90
Additional investments		(1)	(16)	(1)	(32)
Cash flows from (used in) investing activities		(297)	(724)	(655)	(1,726)
Financing activities
Short-term debt - net		20	40	(88)	1
Long-term debt issued (note 6)			389	495	1,106
Reduction in capitalized lease obligations		(8)	(4)	(15)	(6)
Dividends paid		(118)	(110)	(237)	(220)
Cash flows from (used in) financing activities		(106)	315	155	881
Increase (decrease) in cash		40	(32)	(8)	(187)
Cash at beginning of period		155	60	203	215
Cash at end of period	[2]	CAD 195	CAD 28	CAD 195	CAD 28
[1]	Included contribution to registered pension plans.
[2]	Cash is composed of cash in bank and cash equivalents at cost. Cash equivalents are all highly liquid securities with the maturity of three months or less when purchased.

Consolidated statement of cash8

Consolidated statement of cash flows (Parenthetical) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Included contribution to registered pension plans	CAD (45)	CAD (69)	CAD (76)	CAD (132)

Basis of financial statement pr

Basis of financial statement preparation	6 Months Ended
	Jun. 30, 2016
Basis of financial statement preparation	1. Basis of financial statement preparation These unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles of the United States of America and follow the same accounting policies and methods of computation as, and should be read in conjunction with, the most recent annual consolidated financial statements filed with the U.S. Securities and Exchange Commission in the company’s 2015 Annual Report on Form 10-K. In the opinion of the company, the information furnished herein reflects all known accruals and adjustments necessary for a fair statement of the results for the periods reported herein. All such adjustments are of a normal recurring nature. The company’s exploration and production activities are accounted for under the “successful efforts” method. The results for the six months ended June 30, 2016, are not necessarily indicative of the operations to be expected for the full year. All amounts are in Canadian dollars unless otherwise indicated.

Business segments

Business segments	6 Months Ended
	Jun. 30, 2016
Business segments	2. Business segments Second Quarter Upstream Downstream Chemical millions of Canadian dollars 2016 2015 2016 2015 2016 2015 Revenues and other income Operating revenues (a) 1,403 1,783 4,559 5,178 263 311 Intersegment sales 328 718 211 268 54 63 Investment and other income 2 16 20 13 - (1 ) 1,733 2,517 4,790 5,459 317 373 Expenses Exploration 42 16 - - - - Purchases of crude oil and products 905 1,070 3,555 4,071 171 205 Production and manufacturing 838 953 421 392 51 50 Selling and general (3 ) (1 ) 253 243 19 20 Federal excise tax - - 415 387 - - Depreciation and depletion 350 273 51 56 2 2 Financing costs (note 5) (1 ) - - - - - Total expenses 2,131 2,311 4,695 5,149 243 277 Income (loss) before income taxes (398 ) 206 95 310 74 96 Income taxes (108 ) 380 24 95 19 27 Net income (loss) (290 ) (174 ) 71 215 55 69 Cash flows from (used in) operating activities 82 (264 ) 295 541 72 105 Capital and exploration expenditures 250 704 64 96 8 4 Second Quarter Corporate and Other Eliminations Consolidated millions of Canadian dollars 2016 2015 2016 2015 2016 2015 Revenues and other income Operating revenues (a) - - - - 6,225 7,272 Intersegment sales - - (593 ) (1,049 ) - - Investment and other income 1 1 - - 23 29 1 1 (593 ) (1,049 ) 6,248 7,301 Expenses Exploration - - - - 42 16 Purchases of crude oil and products - - (590 ) (1,051 ) 4,041 4,295 Production and manufacturing - - - - 1,310 1,395 Selling and general 1 8 (3 ) 2 267 272 Federal excise tax - - - - 415 387 Depreciation and depletion 4 4 - - 407 335 Financing costs (note 5) 19 5 - - 18 5 Total expenses 24 17 (593 ) (1,049 ) 6,500 6,705 Income (loss) before income taxes (23 ) (16 ) - - (252 ) 596 Income taxes (6 ) (26 ) - - (71 ) 476 Net income (loss) (17 ) 10 - - (181 ) 120 Cash flows from (used in) operating activities (6 ) (5 ) - - 443 377 Capital and exploration expenditures 13 15 - - 335 819 (a) Included export sales to the United States of $966 million (2015 - $1,362 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment. (b) Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to capital leases, additional investments and acquisitions. Six Months to June 30 Upstream Downstream Chemical millions of Canadian dollars 2016 2015 2016 2015 2016 2015 Revenues and other income Operating revenues (a) 2,383 2,995 8,499 9,847 517 600 Intersegment sales 807 1,316 436 524 98 122 Investment and other income 21 18 49 43 - - 3,211 4,329 8,984 10,414 615 722 Expenses Exploration 59 33 - - - - Purchases of crude oil and products 1,723 1,908 6,312 7,266 330 387 Production and manufacturing 1,747 1,903 736 748 98 103 Selling and general (2 ) (1 ) 491 464 41 42 Federal excise tax - - 803 764 - - Depreciation and depletion 707 532 112 108 4 5 Financing costs (note 5) (4 ) 3 - - - - Total expenses 4,230 4,378 8,454 9,350 473 537 Income (loss) before income taxes (1,019 ) (49 ) 530 1,064 142 185 Income taxes (281 ) 314 139 284 38 50 Net income (loss) (738 ) (363 ) 391 780 104 135 Cash flows from (used in) operating activities (400 ) (515 ) 764 1,055 132 160 Capital and exploration expenditures 596 1,594 107 221 14 16 Total assets as at June 30 37,166 36,612 5,239 5,839 393 381 Six Months to June 30 Corporate and Other Eliminations Consolidated millions of Canadian dollars 2016 2015 2016 2015 2016 2015 Revenues and other income Operating revenues (a) - - - - 11,399 13,442 Intersegment sales - - (1,341 ) (1,962 ) - - Investment and other income 1 1 - - 71 62 1 1 (1,341 ) (1,962 ) 11,470 13,504 Expenses Exploration - - - - 59 33 Purchases of crude oil and products - - (1,338 ) (1,961 ) 7,027 7,600 Production and manufacturing - - - - 2,581 2,754 Selling and general 10 32 (3 ) (1 ) 537 536 Federal excise tax - - - - 803 764 Depreciation and depletion 8 7 - - 831 652 Financing costs (note 5) 37 5 - - 33 8 Total expenses 55 44 (1,341 ) (1,962 ) 11,871 12,347 Income (loss) before income taxes (54 ) (43 ) - - (401 ) 1,157 Income taxes (15 ) (32 ) - - (119 ) 616 Net income (loss) (39 ) (11 ) - - (282 ) 541 Cash flows from (used in) operating activities (4 ) (42 ) - - 492 658 Capital and exploration expenditures 26 38 - - 743 1,869 Total assets as at June 30 662 413 (216 ) (411 ) 43,244 42,834 (a) Included export sales to the United States of $1,763 million (2015 - $2,163 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment. (b) Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to capital leases, additional investments and acquisitions.

Investment and other income

Investment and other income	6 Months Ended
	Jun. 30, 2016
Investment and other income	3. Investment and other income Investment and other income included gains and losses on asset sales as follows: Second Quarter Six Months millions of Canadian dollars 2016 2015 2016 2015 Proceeds from asset sales 17 65 50 90 Book value of assets sold 4 40 7 39 Gain (loss) on asset sales, before tax 13 25 43 51 Gain (loss) on asset sales, after tax 10 17 34 40

Employee retirement benefits

Employee retirement benefits	6 Months Ended
	Jun. 30, 2016
Employee retirement benefits	4. Employee retirement benefits The components of net benefit cost were as follows: Second Quarter Six Months millions of Canadian dollars 2016 2015 2016 2015 Pension benefits: Current service cost 51 51 102 102 Interest cost 79 77 158 154 Expected return on plan assets (100 ) (96 ) (199 ) (193 ) Amortization of prior service cost 3 4 5 8 Amortization of actuarial loss 41 49 82 99 Net benefit cost 74 85 148 170 Other post-retirement benefits: Current service cost 4 4 8 8 Interest cost 6 6 13 12 Amortization of actuarial loss 4 3 7 6 Net benefit cost 14 13 28 26

Financing costs and additional

Financing costs and additional notes and loans payable information	6 Months Ended
	Jun. 30, 2016
Financing costs and additional notes and loans payable information	5. Financing costs and additional notes and loans payable information Second Quarter Six Months millions of Canadian dollars 2016 2015 2016 2015 Debt-related interest 32 20 63 43 Capitalized interest (13 ) (15 ) (26 ) (38 ) Net interest expense 19 5 37 5 Other interest (1 ) - (4 ) 3 Total financing costs 18 5 33 8 In March 2016, the company extended the maturity date of its existing $500 million 364-day short-term unsecured committed bank credit facility to March 2017. The company has not drawn on the facility.

Long-term debt

Long-term debt	6 Months Ended
	Jun. 30, 2016
Long-term debt	6. Long-term debt As at As at millions of Canadian dollars 2016 2015 Long-term debt 6,447 5,952 Capital leases 599 612 Total long-term debt 7,046 6,564 In the first half of 2016, the company increased its long-term debt by $495 million by drawing on an existing facility with an affiliated company of Exxon Mobil Corporation. The increased debt was used to supplement normal operations and capital projects.

Other long-term obligations

Other long-term obligations	6 Months Ended
	Jun. 30, 2016
Other long-term obligations	7. Other long-term obligations As at As at millions of Canadian dollars 2016 2015 Employee retirement benefits (a) 1,289 1,470 Asset retirement obligations and other environmental liabilities (b) 1,670 1,628 Share-based incentive compensation liabilities 142 134 Other obligations 354 365 Total other long-term obligations 3,455 3,597 (a) Total recorded employee retirement benefits obligations also included $58 million in current liabilities (2015 - $59 million). (b) Total asset retirement obligations and other environmental liabilities also included $117 million in current liabilities (2015 - $116 million).

Net income (loss) per-share

Net income (loss) per-share	6 Months Ended
	Jun. 30, 2016
Net income (loss) per-share	8. Net income (loss) per-share Second Quarter Six Months 2016 2015 2016 2015 Net income (loss) per common share - basic Net income (loss) (millions of Canadian dollars) (181 ) 120 (282 ) 541 Weighted average number of common shares outstanding (millions of shares) 847.6 847.6 847.6 847.6 Net income (loss) per common share (dollars) (0.21 ) 0.14 (0.33 ) 0.64 Net income (loss) per common share - diluted Net income (loss) (millions of Canadian dollars) (181 ) 120 (282 ) 541 Weighted average number of common shares outstanding (millions of shares) 847.6 847.6 847.6 847.6 Effect of share-based awards (millions of shares) 3.0 3.1 2.9 3.0 Weighted average number of common shares outstanding assuming dilution (millions of shares) 850.6 850.7 850.5 850.6 Net income (loss) per common share (dollars) (0.21 ) 0.14 (0.33 ) 0.64

Other comprehensive income (los

Other comprehensive income (loss) information	6 Months Ended
	Jun. 30, 2016
Other comprehensive income (loss) information	9. Other comprehensive income (loss) information Changes in accumulated other comprehensive income (loss): millions of Canadian dollars 2016 2015 Balance at January 1 (1,828 ) (2,059 ) Post-retirement benefits liability adjustment: Current period change excluding amounts reclassified from accumulated other comprehensive income 100 (176 ) Amounts reclassified from accumulated other comprehensive income 74 84 Balance at June 30 (1,654 ) (2,151 ) Amounts reclassified out of accumulated other comprehensive income (loss) - before-tax income (expense): Second Quarter Six Months millions of Canadian dollars 2016 2015 2016 2015 Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost (a) (48 ) (56 ) (94 ) (113 ) (a) This accumulated other comprehensive income component is included in the computation of net periodic benefit cost (note 4). Income tax expense (credit) for components of other comprehensive income (loss): Second Quarter Six Months millions of Canadian dollars 2016 2015 2016 2015 Post-retirement benefits liability adjustments: Post-retirement benefits liability adjustment (excluding amortization) - - 37 (61 ) Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost 15 15 20 30 Total 15 15 57 (31 )

Assets held for sale

Assets held for sale	6 Months Ended
	Jun. 30, 2016
Assets held for sale	10. Assets held for sale On March 8, 2016, the company announced that it had entered into agreements which will result in the sale and transition of its remaining company-owned Esso retail stations to a branded wholesaler operating model for approximately $2.8 billion. Under the branded wholesaler model, Imperial supplies fuel to independent third parties who own and/or operate the sites in alignment with Esso brand standards. The company’s gain on sale, which is subject to final closing adjustments, is anticipated to be in the range of $2.0 billion to $2.1 billion ($1.7 billion to $1.8 billion after tax). Subsequent to the quarter, in July the company completed the sale of its sites in Saskatchewan, Manitoba, Nova Scotia and Newfoundland for approximately $85 million, having an approximate net book value of $23 million. The remaining transactions are anticipated to close by year-end 2016, subject to regulatory approvals. The major classes of assets classified as held for sale within the Downstream segment at June 30, 2016, were as follows: As at millions of Canadian dollars 2016 Assets held for sale Accounts receivable and prepaid expenses 5 Inventories 20 Net property, plant and equipment 678 Goodwill 38 Total assets held for sale 741

Accounting for suspended explor

Accounting for suspended exploratory well costs	6 Months Ended
	Jun. 30, 2016
Accounting for suspended exploratory well costs	11. Accounting for suspended exploratory well costs For the category of exploratory well costs at year-end 2015 that were capitalized for a period greater than 12 months, a total of $24 million was expensed in the second quarter of 2016.

Recently issued accounting stan

Recently issued accounting standards	6 Months Ended
	Jun. 30, 2016
Recently issued accounting standards	12. Recently issued accounting standards In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard, Revenue from Contracts with Customers. In February 2016, the FASB issued a new standard, Leases

Business segments (Tables)

Business segments (Tables)	6 Months Ended
	Jun. 30, 2016
Business Segments	Second Quarter Upstream Downstream Chemical millions of Canadian dollars 2016 2015 2016 2015 2016 2015 Revenues and other income Operating revenues (a) 1,403 1,783 4,559 5,178 263 311 Intersegment sales 328 718 211 268 54 63 Investment and other income 2 16 20 13 - (1 ) 1,733 2,517 4,790 5,459 317 373 Expenses Exploration 42 16 - - - - Purchases of crude oil and products 905 1,070 3,555 4,071 171 205 Production and manufacturing 838 953 421 392 51 50 Selling and general (3 ) (1 ) 253 243 19 20 Federal excise tax - - 415 387 - - Depreciation and depletion 350 273 51 56 2 2 Financing costs (note 5) (1 ) - - - - - Total expenses 2,131 2,311 4,695 5,149 243 277 Income (loss) before income taxes (398 ) 206 95 310 74 96 Income taxes (108 ) 380 24 95 19 27 Net income (loss) (290 ) (174 ) 71 215 55 69 Cash flows from (used in) operating activities 82 (264 ) 295 541 72 105 Capital and exploration expenditures 250 704 64 96 8 4 Second Quarter Corporate and Other Eliminations Consolidated millions of Canadian dollars 2016 2015 2016 2015 2016 2015 Revenues and other income Operating revenues (a) - - - - 6,225 7,272 Intersegment sales - - (593 ) (1,049 ) - - Investment and other income 1 1 - - 23 29 1 1 (593 ) (1,049 ) 6,248 7,301 Expenses Exploration - - - - 42 16 Purchases of crude oil and products - - (590 ) (1,051 ) 4,041 4,295 Production and manufacturing - - - - 1,310 1,395 Selling and general 1 8 (3 ) 2 267 272 Federal excise tax - - - - 415 387 Depreciation and depletion 4 4 - - 407 335 Financing costs (note 5) 19 5 - - 18 5 Total expenses 24 17 (593 ) (1,049 ) 6,500 6,705 Income (loss) before income taxes (23 ) (16 ) - - (252 ) 596 Income taxes (6 ) (26 ) - - (71 ) 476 Net income (loss) (17 ) 10 - - (181 ) 120 Cash flows from (used in) operating activities (6 ) (5 ) - - 443 377 Capital and exploration expenditures 13 15 - - 335 819 (a) Included export sales to the United States of $966 million (2015 - $1,362 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment. (b) Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to capital leases, additional investments and acquisitions. Six Months to June 30 Upstream Downstream Chemical millions of Canadian dollars 2016 2015 2016 2015 2016 2015 Revenues and other income Operating revenues (a) 2,383 2,995 8,499 9,847 517 600 Intersegment sales 807 1,316 436 524 98 122 Investment and other income 21 18 49 43 - - 3,211 4,329 8,984 10,414 615 722 Expenses Exploration 59 33 - - - - Purchases of crude oil and products 1,723 1,908 6,312 7,266 330 387 Production and manufacturing 1,747 1,903 736 748 98 103 Selling and general (2 ) (1 ) 491 464 41 42 Federal excise tax - - 803 764 - - Depreciation and depletion 707 532 112 108 4 5 Financing costs (note 5) (4 ) 3 - - - - Total expenses 4,230 4,378 8,454 9,350 473 537 Income (loss) before income taxes (1,019 ) (49 ) 530 1,064 142 185 Income taxes (281 ) 314 139 284 38 50 Net income (loss) (738 ) (363 ) 391 780 104 135 Cash flows from (used in) operating activities (400 ) (515 ) 764 1,055 132 160 Capital and exploration expenditures 596 1,594 107 221 14 16 Total assets as at June 30 37,166 36,612 5,239 5,839 393 381 Six Months to June 30 Corporate and Other Eliminations Consolidated millions of Canadian dollars 2016 2015 2016 2015 2016 2015 Revenues and other income Operating revenues (a) - - - - 11,399 13,442 Intersegment sales - - (1,341 ) (1,962 ) - - Investment and other income 1 1 - - 71 62 1 1 (1,341 ) (1,962 ) 11,470 13,504 Expenses Exploration - - - - 59 33 Purchases of crude oil and products - - (1,338 ) (1,961 ) 7,027 7,600 Production and manufacturing - - - - 2,581 2,754 Selling and general 10 32 (3 ) (1 ) 537 536 Federal excise tax - - - - 803 764 Depreciation and depletion 8 7 - - 831 652 Financing costs (note 5) 37 5 - - 33 8 Total expenses 55 44 (1,341 ) (1,962 ) 11,871 12,347 Income (loss) before income taxes (54 ) (43 ) - - (401 ) 1,157 Income taxes (15 ) (32 ) - - (119 ) 616 Net income (loss) (39 ) (11 ) - - (282 ) 541 Cash flows from (used in) operating activities (4 ) (42 ) - - 492 658 Capital and exploration expenditures 26 38 - - 743 1,869 Total assets as at June 30 662 413 (216 ) (411 ) 43,244 42,834 (a) Included export sales to the United States of $1,763 million (2015 - $2,163 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment. (b) Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to capital leases, additional investments and acquisitions.

Investment and other income (Ta

Investment and other income (Tables)	6 Months Ended
	Jun. 30, 2016
Gains and Losses on Asset Sales	Investment and other income included gains and losses on asset sales as follows: Second Quarter Six Months millions of Canadian dollars 2016 2015 2016 2015 Proceeds from asset sales 17 65 50 90 Book value of assets sold 4 40 7 39 Gain (loss) on asset sales, before tax 13 25 43 51 Gain (loss) on asset sales, after tax 10 17 34 40

Employee retirement benefits (T

Employee retirement benefits (Tables)	6 Months Ended
	Jun. 30, 2016
Schedule of Components of Net Benefit Cost	The components of net benefit cost were as follows: Second Quarter Six Months millions of Canadian dollars 2016 2015 2016 2015 Pension benefits: Current service cost 51 51 102 102 Interest cost 79 77 158 154 Expected return on plan assets (100 ) (96 ) (199 ) (193 ) Amortization of prior service cost 3 4 5 8 Amortization of actuarial loss 41 49 82 99 Net benefit cost 74 85 148 170 Other post-retirement benefits: Current service cost 4 4 8 8 Interest cost 6 6 13 12 Amortization of actuarial loss 4 3 7 6 Net benefit cost 14 13 28 26

Financing costs and additiona24

Financing costs and additional notes and loans payable information (Tables)	6 Months Ended
	Jun. 30, 2016
Schedule Of Financing Costs	Second Quarter Six Months millions of Canadian dollars 2016 2015 2016 2015 Debt-related interest 32 20 63 43 Capitalized interest (13 ) (15 ) (26 ) (38 ) Net interest expense 19 5 37 5 Other interest (1 ) - (4 ) 3 Total financing costs 18 5 33 8

Long-term debt (Tables)

Long-term debt (Tables)	6 Months Ended
	Jun. 30, 2016
Long-Term Debt	As at As at millions of Canadian dollars 2016 2015 Long-term debt 6,447 5,952 Capital leases 599 612 Total long-term debt 7,046 6,564

Other long-term obligations (Ta

Other long-term obligations (Tables)	6 Months Ended
	Jun. 30, 2016
Other Long-Term Obligations	As at As at millions of Canadian dollars 2016 2015 Employee retirement benefits (a) 1,289 1,470 Asset retirement obligations and other environmental liabilities (b) 1,670 1,628 Share-based incentive compensation liabilities 142 134 Other obligations 354 365 Total other long-term obligations 3,455 3,597 (a) Total recorded employee retirement benefits obligations also included $58 million in current liabilities (2015 - $59 million). (b) Total asset retirement obligations and other environmental liabilities also included $117 million in current liabilities (2015 - $116 million).

Net income (loss) per-share (Ta

Net income (loss) per-share (Tables)	6 Months Ended
	Jun. 30, 2016
Calculation of Basic and Diluted Earnings Per Share	Second Quarter Six Months 2016 2015 2016 2015 Net income (loss) per common share - basic Net income (loss) (millions of Canadian dollars) (181 ) 120 (282 ) 541 Weighted average number of common shares outstanding (millions of shares) 847.6 847.6 847.6 847.6 Net income (loss) per common share (dollars) (0.21 ) 0.14 (0.33 ) 0.64 Net income (loss) per common share - diluted Net income (loss) (millions of Canadian dollars) (181 ) 120 (282 ) 541 Weighted average number of common shares outstanding (millions of shares) 847.6 847.6 847.6 847.6 Effect of share-based awards (millions of shares) 3.0 3.1 2.9 3.0 Weighted average number of common shares outstanding assuming dilution (millions of shares) 850.6 850.7 850.5 850.6 Net income (loss) per common share (dollars) (0.21 ) 0.14 (0.33 ) 0.64

Other comprehensive income (l28

Other comprehensive income (loss) information (Tables)	6 Months Ended
	Jun. 30, 2016
Changes in accumulated other comprehensive income (loss)	Changes in accumulated other comprehensive income (loss): millions of Canadian dollars 2016 2015 Balance at January 1 (1,828 ) (2,059 ) Post-retirement benefits liability adjustment: Current period change excluding amounts reclassified from accumulated other comprehensive income 100 (176 ) Amounts reclassified from accumulated other comprehensive income 74 84 Balance at June 30 (1,654 ) (2,151 )
Amounts reclassified out of accumulated other comprehensive income (loss) - before-tax income (expense)	Amounts reclassified out of accumulated other comprehensive income (loss) - before-tax income (expense): Second Quarter Six Months millions of Canadian dollars 2016 2015 2016 2015 Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost (a) (48 ) (56 ) (94 ) (113 ) (a) This accumulated other comprehensive income component is included in the computation of net periodic benefit cost (note 4).
Income Tax Expense (Credit) for Components of Other Comprehensive Income (Loss)	Income tax expense (credit) for components of other comprehensive income (loss): Second Quarter Six Months millions of Canadian dollars 2016 2015 2016 2015 Post-retirement benefits liability adjustments: Post-retirement benefits liability adjustment (excluding amortization) - - 37 (61 ) Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost 15 15 20 30 Total 15 15 57 (31 )

Assets held for sale (Tables)

Assets held for sale (Tables)	6 Months Ended
	Jun. 30, 2016
Classes of Assets Classified as Held for Sale within Downstream Segment	The major classes of assets classified as held for sale within the Downstream segment at June 30, 2016, were as follows: As at millions of Canadian dollars 2016 Assets held for sale Accounts receivable and prepaid expenses 5 Inventories 20 Net property, plant and equipment 678 Goodwill 38 Total assets held for sale 741

Business Segments (Detail)

Business Segments (Detail) - CAD CAD in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2016		Jun. 30, 2015		Dec. 31, 2015
Revenues and other income
Operating revenues	[1],[2]	CAD 6,225	[3]	CAD 7,272	[3]	CAD 11,399	[4]	CAD 13,442	[4]
Investment and other income		23		29		71		62
Total revenues and other income		6,248		7,301		11,470		13,504
Expenses
Exploration		42		16		59		33
Purchases of crude oil and products	[5]	4,041		4,295		7,027		7,600
Production and manufacturing	[6]	1,310		1,395		2,581		2,754
Selling and general	[6]	267		272		537		536
Federal excise tax	[2]	415		387	[7]	803	[7]	764
Depreciation and depletion		407		335		831		652
Financing costs (note 5)		18		5		33		8
Total expenses		6,500		6,705		11,871		12,347
Income (loss) before income taxes		(252)		596		(401)		1,157
Income taxes		(71)		476		(119)		616
Net income (loss)		(181)		120		(282)		541
Cash flows from (used in) operating activities		443		377		492		658
Capital and exploration expenditures	[8]	335		819		743		1,869
Total assets		43,244		42,834		43,244		42,834		CAD 43,170
Upstream
Revenues and other income
Operating revenues		1,403	[3]	1,783	[3]	2,383	[4]	2,995	[4]
Intersegment sales		328		718		807		1,316
Investment and other income		2		16		21		18
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME		1,733		2,517		3,211		4,329
Expenses
Exploration		42		16		59		33
Purchases of crude oil and products		905		1,070		1,723		1,908
Production and manufacturing		838		953		1,747		1,903
Selling and general		(3)		(1)		(2)		(1)
Depreciation and depletion		350		273		707		532
Financing costs (note 5)		(1)				(4)		3
Total expenses		2,131		2,311		4,230		4,378
Income (loss) before income taxes		(398)		206		(1,019)		(49)
Income taxes		(108)		380		(281)		314
Net income (loss)		(290)		(174)		(738)		(363)
Cash flows from (used in) operating activities		82		(264)		(400)		(515)
Capital and exploration expenditures	[8]	250		704		596		1,594
Total assets		37,166		36,612		37,166		36,612
Downstream
Revenues and other income
Operating revenues		4,559	[3]	5,178	[3]	8,499	[4]	9,847	[4]
Intersegment sales		211		268		436		524
Investment and other income		20		13		49		43
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME		4,790		5,459		8,984		10,414
Expenses
Purchases of crude oil and products		3,555		4,071		6,312		7,266
Production and manufacturing		421		392		736		748
Selling and general		253		243		491		464
Federal excise tax		415		387		803		764
Depreciation and depletion		51		56		112		108
Total expenses		4,695		5,149		8,454		9,350
Income (loss) before income taxes		95		310		530		1,064
Income taxes		24		95		139		284
Net income (loss)		71		215		391		780
Cash flows from (used in) operating activities		295		541		764		1,055
Capital and exploration expenditures	[8]	64		96		107		221
Total assets		5,239		5,839		5,239		5,839
Chemical
Revenues and other income
Operating revenues		263	[3]	311	[3]	517	[4]	600	[4]
Intersegment sales		54		63		98		122
Investment and other income				(1)
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME		317		373		615		722
Expenses
Purchases of crude oil and products		171		205		330		387
Production and manufacturing		51		50		98		103
Selling and general		19		20		41		42
Depreciation and depletion		2		2		4		5
Total expenses		243		277		473		537
Income (loss) before income taxes		74		96		142		185
Income taxes		19		27		38		50
Net income (loss)		55		69		104		135
Cash flows from (used in) operating activities		72		105		132		160
Capital and exploration expenditures	[8]	8		4		14		16
Total assets		393		381		393		381
Corporate and Other
Revenues and other income
Investment and other income		1		1		1		1
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME		1		1		1		1
Expenses
Selling and general		1		8		10		32
Depreciation and depletion		4		4		8		7
Financing costs (note 5)		19		5		37		5
Total expenses		24		17		55		44
Income (loss) before income taxes		(23)		(16)		(54)		(43)
Income taxes		(6)		(26)		(15)		(32)
Net income (loss)		(17)		10		(39)		(11)
Cash flows from (used in) operating activities		(6)		(5)		(4)		(42)
Capital and exploration expenditures	[8]	13		15		26		38
Total assets		662		413		662		413
Consolidation, Eliminations
Revenues and other income
Intersegment sales		(593)		(1,049)		(1,341)		(1,962)
TOTAL OPERATING REVENUES, INTERSEGMENT SALES, INVESTMENT AND OTHER INCOME		(593)		(1,049)		(1,341)		(1,962)
Expenses
Purchases of crude oil and products		(590)		(1,051)		(1,338)		(1,961)
Selling and general		(3)		2		(3)		(1)
Total expenses		(593)		(1,049)		(1,341)		(1,962)
Total assets		CAD (216)		CAD (411)		CAD (216)		CAD (411)
[1]	Amounts from related parties included in operating revenues.*
[2]	Federal excise tax included in operating revenues.
[3]	Included export sales to the United States of $966 million (2015 - $1,362 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.
[4]	Included export sales to the United States of $1,763 million (2015 - $2,163 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.
[5]	Amounts to related parties included in purchases of crude oil and products.*
[6]	Amounts to related parties included in production and manufacturing, and selling and general expenses.
[7]	Note: Restated 2015.
[8]	Capital and exploration expenditures (CAPEX) include exploration expenses, additions to property, plant and equipment, additions to capital leases, additional investments and acquisitions.

Business Segments (Parenthetica

Business Segments (Parenthetical) (Detail) - CAD CAD in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2016		Jun. 30, 2015
Segment Reporting Information [Line Items]
Operating revenues	[1],[2]	CAD 6,225	[3]	CAD 7,272	[3]	CAD 11,399	[4]	CAD 13,442	[4]
United States Exports
Segment Reporting Information [Line Items]
Operating revenues		CAD 966		CAD 1,362		CAD 1,763		CAD 2,163
[1]	Amounts from related parties included in operating revenues.*
[2]	Federal excise tax included in operating revenues.
[3]	Included export sales to the United States of $966 million (2015 - $1,362 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.
[4]	Included export sales to the United States of $1,763 million (2015 - $2,163 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.

Gains and Losses on Asset Sales

Gains and Losses on Asset Sales (Detail) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Investment And Other Income [Line Items]
Proceeds from asset sales	CAD 17	CAD 65	CAD 50	CAD 90
Book value of assets sold	4	40	7	39
Gain (loss) on asset sales, before tax	13	25	43	51
Gain (loss) on asset sales, after tax	CAD 10	CAD 17	CAD 34	CAD 40

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost (Detail) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Pension benefits
Defined Benefit Plan Disclosure [Line Items]
Current service cost	CAD 51	CAD 51	CAD 102	CAD 102
Interest cost	79	77	158	154
Expected return on plan assets	(100)	(96)	(199)	(193)
Amortization of prior service cost	3	4	5	8
Amortization of actuarial loss	41	49	82	99
Net benefit cost	74	85	148	170
Other post-retirement benefits
Defined Benefit Plan Disclosure [Line Items]
Current service cost	4	4	8	8
Interest cost	6	6	13	12
Amortization of actuarial loss	4	3	7	6
Net benefit cost	CAD 14	CAD 13	CAD 28	CAD 26

Financing Costs and Additiona34

Financing Costs and Additional Notes and Loans Payable Information (Detail) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Debt-related interest	CAD 32	CAD 20	CAD 63	CAD 43
Capitalized interest	(13)	(15)	(26)	(38)
Net interest expense	19	5	37	5
Other interest	(1)		(4)	3
Total financing costs	CAD 18	CAD 5	CAD 33	CAD 8

Financing Costs and Additiona35

Financing Costs and Additional Notes and Loans Payable Information - Additional Information (Detail) - Unsecured committed bank credit facility	1 Months Ended
	Mar. 31, 2016CAD
Financing Activities [Line Items]
Line of credit maximum borrowing capacity	CAD 500,000,000
Debt instrument, maturity date	Mar. 31, 2017
Non-interest bearing, revolving demand loan, outstanding amount	CAD 0

Long-Term Debt (Detail)

Long-Term Debt (Detail) - CAD CAD in Millions		Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term debt		CAD 6,447	CAD 5,952
Capital leases		599	612
Total long-term debt	[1]	CAD 7,046	CAD 6,564
[1]	Long-term debt included amounts to related parties of $6,447 million (2015 - $5,952 million).

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) CAD in Millions	6 Months Ended
	Jun. 30, 2016CAD
Floating Rate Loan Facility | Exxon Mobil
Line of Credit Facility [Line Items]
Increase in long-term debt drawn from credit facility	CAD 495

Other Long-Term Obligations (De

Other Long-Term Obligations (Detail) - CAD CAD in Millions		Jun. 30, 2016	Dec. 31, 2015
Schedule of Other Liabilities [Line Items]
Employee retirement benefits	[1]	CAD 1,289	CAD 1,470
Asset retirement obligations and other environmental liabilities	[2]	1,670	1,628
Share-based incentive compensation liabilities		142	134
Other obligations		354	365
Total other long-term obligations	[3]	CAD 3,455	CAD 3,597
[1]	Total recorded employee retirement benefits obligations also included $58 million in current liabilities (2015 - $59 million).
[2]	Total asset retirement obligations and other environmental liabilities also included $117 million in current liabilities (2015 - $116 million).
[3]	Other long-term obligations included amounts to related parties of $125 million (2015 - $146 million).

Other Long-Term Obligations (Pa

Other Long-Term Obligations (Parenthetical) (Detail) - CAD CAD in Millions	Jun. 30, 2016	Dec. 31, 2015
Schedule of Other Liabilities [Line Items]
Employee retirement benefits obligations in current liabilities	CAD 58	CAD 59
Asset retirement obligations and other environmental liabilities in current liabilities	CAD 117	CAD 116

Net Income (Loss) Per Share (De

Net Income (Loss) Per Share (Detail) - CAD CAD / shares in Units, shares in Millions, CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income (loss) per common share - basic
Net income (loss)	CAD (181)	CAD 120	CAD (282)	CAD 541
Weighted average number of common shares outstanding (millions of shares)	847.6	847.6	847.6	847.6
Net income (loss) per common share (dollars)	CAD (0.21)	CAD 0.14	CAD (0.33)	CAD 0.64
Net income (loss) per common share - diluted
Net income (loss)	CAD (181)	CAD 120	CAD (282)	CAD 541
Weighted average number of common shares outstanding (millions of shares)	847.6	847.6	847.6	847.6
Effect of share-based awards (millions of shares)	3	3.1	2.9	3
Weighted average number of common shares outstanding, assuming dilution (millions of shares)	850.6	850.7	850.5	850.6
Net income (loss) per common share (dollars)	CAD (0.21)	CAD 0.14	CAD (0.33)	CAD 0.64

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at January 1			CAD (1,828)	CAD (2,059)
Current period change excluding amounts reclassified from accumulated other comprehensive income			100	(176)
Amounts reclassified from accumulated other comprehensive income	CAD 33	CAD 42	74	84
Balance at June 30	CAD (1,654)	CAD (2,151)	CAD (1,654)	CAD (2,151)

Amounts Reclassified Out of Acc

Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) (Detail) - CAD CAD in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost	[1]	CAD (48)	CAD (56)	CAD (94)	CAD (113)
[1]	This accumulated other comprehensive income component is included in the computation of net periodic benefit cost (note 4).

Income Tax Expense (Credit) for

Income Tax Expense (Credit) for Components of Other Comprehensive Income (Loss) (Detail) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Post-retirement benefits liability adjustment (excluding amortization)			CAD 37	CAD (61)
Amortization of post-retirement benefits liability adjustment included in net periodic benefit cost	CAD 15	CAD 15	20	30
Total	CAD 15	CAD 15	CAD 57	CAD (31)

Assets Held for Sale - Addition

Assets Held for Sale - Additional Information (Detail) - CAD CAD in Millions	Mar. 08, 2016	Jul. 31, 2016	Jun. 30, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Planned consideration on sale of remaining company-owned Esso retail stations	CAD 2,800
Net book value of sale of sites			CAD 741
Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of sites		CAD 85
Net book value of sale of sites		CAD 23
Minimum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expected gain on Planned consideration on sale of remaining company-owned Esso retail stations	2,000
Expected gain on Planned consideration on sale of remaining company-owned Esso retail stations, net of tax	1,700
Maximum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expected gain on Planned consideration on sale of remaining company-owned Esso retail stations	2,100
Expected gain on Planned consideration on sale of remaining company-owned Esso retail stations, net of tax	CAD 1,800

Classes of Assets Classified As

Classes of Assets Classified As Held for Sale within Downstream Segment (Detail) CAD in Millions	Jun. 30, 2016CAD
Assets held for sale
Total assets held for sale	CAD 741
Downstream
Assets held for sale
Accounts receivable and prepaid expenses	5
Inventories	20
Net property, plant and equipment	678
Goodwill	38
Total assets held for sale	CAD 741

Accounting for Suspended Expl46

Accounting for Suspended Exploratory Well Costs - Additional Information (Detail) CAD in Millions	3 Months Ended
	Jun. 30, 2016CAD
Projects with Exploratory Well Costs Capitalized for More than One Year [Line Items]
Capitalized exploratory well cost, charged to expense	CAD 24