Net
earnings
for
the
year
to
the
end
of
December
were
C$2
billion
(US$2
billion)
as
compared
with
the
year-ago
sum
of
C$2.2
billion,
the
company
said
on
Wednesday.
Average
production
for
the
12
months
also
slipped
from
312,500
barrels
of
oil
equivalent
per
day
to
301,500
boepd.
Cash
from
from
operations
was
also
down
slightly
from
C$5.2
billion
to
C$5
billion.
It
was
a
different
story
for
the
fourth
quarter,
however,
with
net
earnings
jumping
from
C$408
million
to
C$474
million
and
cash
flow
from
operations
up
from
C$1.2
billion
to
C$1.4
billion.
Average…