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Revenue by Segment
Shows income generated from various divisions, indicating which areas contribute most to the top line and potential growth drivers.Downstream is the revenue engine and its renewable‑diesel value capture helped cushion results through turnarounds, while Upstream revenue is distinctly cyclical—Q1 2026’s rebound aligns with near‑record production but remains sensitive to price swings and episodic downtime. Chemicals are a small, volatile contributor. Large, variable negative eliminations materially mute consolidated revenue and can obscure underlying cash generation; combined with inventory‑driven deferred‑tax and incentive‑comp charges, management’s dividend hike and planned NCIB signal they’ll return surplus cash even as top‑line volatility persists.
Date | Upstream | Downstream | Chemical | Eliminations, Corporate and Other |
|---|---|---|---|---|
Jun 30, 2026 | C$5.50B | C$17.85B | C$447.00M | -C$7.73B |
Mar 31, 2026 | C$4.02B | C$13.91B | C$336.00M | -C$5.82B |
Dec 31, 2025 | C$3.60B | C$12.42B | C$306.00M | -C$5.05B |
Sep 30, 2025 | C$4.11B | C$13.22B | C$343.00M | -C$5.65B |
Jun 30, 2025 | C$3.78B | C$12.43B | C$356.00M | -C$5.33B |
Mar 31, 2025 | C$4.46B | C$14.02B | C$372.00M | -C$6.33B |
Dec 31, 2024 | C$4.69B | C$14.10B | C$357.00M | -C$6.54B |
Sep 30, 2024 | C$4.61B | C$14.57B | C$255.00M | -C$6.17B |
Jun 30, 2024 | C$4.55B | C$14.63B | C$418.00M | -C$6.22B |
Mar 31, 2024 | C$4.17B | C$13.64B | C$419.00M | -C$5.94B |