Examples of Crude Oil Purchases in a sentence
Additional information is provided in the “Sales Net of Crude Oil Purchases and Transportation Expense” section of this MD&A.
The decrease in revenues was due to lower commodity prices and production volumes in 2009 (see “Revenues after Crude Oil Purchases and Transportation Expense” section of this MD&A for further discussion).
Review of Certain Affiliate Transactions Related to Crude Oil Purchases and Shared Services 59 SECTION 8.13.
The decrease in annual revenues was due mainly to lower crude oil prices as well as lower production and sales volumes in 2009 (see “Revenues after Crude Oil Purchases and Transportation Expense” section of this MD&A for further discussion).
Sales Net of Crude Oil Purchases and Transportation ExpenseThree Months Ended Nine Months EndedSeptember 30 September 30($ millions, except where otherwise noted)201320124Change201320124ChangeSales1$1,163$ 1,0061 Sales include sales of purchased crude oil and sulphur.2 Sales volumes, net of purchased crude oil volumes.3 SCO sales net of crude oil purchases and transportation expense divided by sales volumes, net of purchased crude oil volumes.
Sales Net of Crude Oil Purchases and Transportation Expense103,669113,33128.410.4$ 2,637$ 941(27)(9)(319)(72)$ 2,983$ 1,022Three Months Ended Nine Months Ended September 30 September 30($ millions, except where otherwise noted)20122011 $ Change20122011 $ ChangeSales1 $ 1,034$(12) $ 3,2091 Sales include sales of purchased crude oil and sulphur.2 Sales volumes, net of purchased crude oil volumes.
The increase in quarter-over-quarter revenues reflects higher crude oil prices in the fourth quarter of 2010 partially offset by lower sales volumes, while the increase in annual revenues reflects both higher crude oil prices and higher sales volumes in 2010 (see the “Revenues after Crude Oil Purchases and Transportation Expense” section of this MD&A for further discussion).
The increase in quarter-over-quarter sales reflects higher crude oil prices and sales volumes in the first quarter of 2011 (see the “Sales net of Crude Oil Purchases and Transportation Expense” section of this MD&A for further discussion).
Capital expenditures in the first quarter of 2011 were $109 million compared with $112 million in the first quarter of 2010.Sales net of Crude Oil Purchases and Transportation Expense Three Months Ended March 31($ millions) 2011 2010 Variance Sales 1 $ 1,083 1 Sales include sales of purchased crude oil and sulphur and proceeds from insurance claims.2 Sales volumes, net of purchased crude oil volumes.
Users are cautioned that non-GAAP financial measures presented by the Trust may not be comparable with measures provided by other entities.Revenues after Crude Oil Purchases and Transportation Expense Three Months Ended ($ millions) 2009March 312008 Variance Sales revenue 1 $ 548 $ 1,025 $ (477)Crude oil purchases(29)(109)80Transportation expense(8)(10)2 511906(395)Currency hedging gains 111- $ 512$ 907$ (395) Sales volumes (MMbbls) 2 9.3 9.0 0.3 2 Sales volumes, net of purchased crude oil volumes.