Financial and Operating Performance Year-End Highlights
Financial Highlights
|
2009 (1)
|
2010
|
|
Revenues, Net of Royalties
|
6,732
|
8,870
|
|
Cash Flow (2)
|
5,021
|
4,439
|
|
Per Share – Diluted
|
6.68
|
6.00
|
|
Net Earnings
|
749
|
1,499
|
|
Per Share – Diluted
|
1.00
|
2.03
|
|
Operating Earnings (2)
|
1,767
|
665
|
|
Per Share – Diluted
|
2.35
|
0.90
|
|
Total Capital Investment
|
3,755
|
4,773
|
|
Net Acquisition and Divestiture Activity
|
(815)
|
(150)
|
|
Net Capital Investment
|
2,940
|
4,623
|
|
Dividends Per Common Share
|
0.80
|
0.80
|
|
Dividend Yield (%) (3)
|
2.0
|
2.7
|
|
Debt to Capitalization (%) (2)
|
32
|
31
|
|
Debt to Adjusted EBITDA (times) (2)
|
2.1
|
1.4
|
Operational Highlights
|
2009 (1)
|
2010
|
|
Production
|
|
Natural Gas (MMcf/d)
|
|
Canada
|
1,224
|
1,323
|
|
USA
|
1,616
|
1,861
|
|
Total Natural Gas (MMcf/d)
|
2,840
|
3,184
|
|
Canada
|
15,880
|
13,149
|
|
USA
|
11,317
|
9,638
|
|
Total Oil & NGLs (bbls/d)
|
27,197
|
22,787
|
|
Total Production (MMcfe/d)
|
3,003
|
3,321
|
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(1) Reflects Pro Forma results.
-
(2) Non-GAAP measures as referenced in the Advisory on page 29.
-
(3) Based on NYSE closing price at year-end.
“Our continued recognition as a world leader in sustainability shows that our initiatives around responsible development – including those pertaining to Environment, Health & Safety and our stakeholders – are well-balanced with our economic achievements. It reflects the daily efforts our people undertake to ensure we conduct our business in the most responsible and sustainable fashion possible.”
Dave Lye Vice-President, Corporate Environment, Health & Safety, Security & Corporate Responsibility
