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Net Income by Segment
Reveals profitability across different business units, highlighting which segments drive earnings and where there might be opportunities or challenges.Upstream volatility drives the moves—sharp troughs reflect timing, inventory and price effects while the Q1 2026 rebound aligns with near‑record production, not a sustained production shortfall. The large negative in Corporate ties to one‑off accounting hits (notably the $143M after‑tax incentive mark‑to‑market and deferred‑tax inventory impacts), while Downstream has stabilized and is capturing renewable diesel value. For retail investors, underlying operating cash (> $1.2B ex‑WC) and management’s commitment to dividends/NCIBs matter more than headline quarterly swings, which look largely transitory.
Date | Corporate and Other | Upstream | Downstream | Chemical |
|---|---|---|---|---|
Jun 30, 2026 | C$39.00M | C$1.30B | C$787.00M | C$65.00M |
Mar 31, 2026 | -C$165.00M | C$470.00M | C$611.00M | C$24.00M |
Dec 31, 2025 | -C$34.00M | -C$2.00M | C$519.00M | C$9.00M |
Sep 30, 2025 | -C$21.00M | C$728.00M | C$444.00M | C$21.00M |
Jun 30, 2025 | -C$58.00M | C$664.00M | C$322.00M | C$21.00M |
Mar 31, 2025 | -C$58.00M | C$731.00M | C$584.00M | C$31.00M |
Dec 31, 2024 | -C$30.00M | C$878.00M | C$356.00M | C$21.00M |
Sep 30, 2024 | -C$23.00M | C$1.03B | C$205.00M | C$28.00M |
Jun 30, 2024 | -C$25.00M | C$799.00M | C$294.00M | C$65.00M |
Mar 31, 2024 | -C$51.00M | C$558.00M | C$631.00M | C$57.00M |