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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2014
Business Segments [Abstract]  
Segment Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment Information

Exploration and Production

(Millions of dollars)

United
States

 

Canada

 

Malaysia

 

Other*

 

Total
E&P

Year ended December 31, 2014

 

 

 

 

 

 

 

 

 

 

Segment income (loss)

$
387.1 

 
156.5 

 
896.2 

 
(250.0)

 
1,189.8 

Revenues from external customers

 
2,196.4 

 
1,044.1 

 
2,183.5 

 
(1.3)

 
5,422.7 

Interest income

 

– 

 

– 

 

– 

 

– 

 

– 

Interest expense, net of capitalization

 

– 

 

– 

 

– 

 

– 

 

– 

Income tax expense (benefit)

 
214.8 

 
64.2 

 
102.6 

 
(95.9)

 
285.7 

Significant noncash charges (credits)

 

 

 

 

 

 

 

 

 

 

       Depreciation, depletion and amortization

 
840.7 

 
316.7 

 
735.0 

 
5.1 

 
1,897.5 

       Accretion of asset retirement obligations

 
17.5 

 
15.2 

 
18.1 

 

– 

 
50.8 

       Amortization of undeveloped leases

 
50.1 

 
19.4 

 

– 

 
4.9 

 
74.4 

       Impairment of assets

 
14.3 

 
37.0 

 

– 

 

– 

 
51.3 

       Deferred and noncurrent income taxes

 
39.7 

 
43.3 

 
(235.1)

 

– 

 
(152.1)

Additions to property, plant, equipment

 
2,028.7 

 
445.9 

 
818.0 

 
10.7 

 
3,303.3 

Total assets at year-end

 
5,745.7 

 
3,769.8 

 
4,887.1 

 
138.7 

 
14,541.3 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2013

 

 

 

 

 

 

 

 

 

 

Segment income (loss)

$
435.4 

 
180.8 

 
786.4 

 
(373.8)

 
1,028.8 

Revenues from external customers

 
1,803.8 

 
1,144.7 

 
2,280.5 

 
83.6 

 
5,312.6 

Interest income

 

– 

 

– 

 

– 

 

– 

 

– 

Interest expense, net of capitalization

 

– 

 

– 

 

– 

 

– 

 

– 

Income tax expense (benefit)

 
241.6 

 
57.8 

 
477.7 

 
(120.8)

 
656.3 

Significant noncash charges (credits)

 

 

 

 

 

 

 

 

 

 

       Depreciation, depletion and amortization

 
576.3 

 
374.6 

 
588.2 

 
4.5 

 
1,543.6 

       Accretion of asset retirement obligations

 
13.5 

 
16.2 

 
15.0 

 
4.3 

 
49.0 

       Amortization of undeveloped leases

 
30.3 

 
21.0 

 

– 

 
15.6 

 
66.9 

       Impairment of assets

 

– 

 
21.6 

 

– 

 

– 

 
21.6 

       Deferred and noncurrent income taxes

 
99.6 

 
26.1 

 
48.1 

 

– 

 
173.8 

Additions to property, plant, equipment

 
1,785.9 

 
334.5 

 
1,323.4 

 
64.8 

 
3,508.6 

Total assets at year-end

 
4,530.0 

 
4,087.8 

 
6,121.0 

 
180.4 

 
14,919.2 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2012

 

 

 

 

 

 

 

 

 

 

Segment income (loss)

$
168.0 

 
208.1 

 
894.2 

 
(365.3)

 
905.0 

Revenues from external customers

 
1,038.0 

 
1,084.3 

 
2,428.1 

 
57.7 

 
4,608.1 

Interest income

 

– 

 

– 

 

– 

 

– 

 

– 

Interest expense, net of capitalization

 

– 

 

– 

 

– 

 

– 

 

– 

Income tax expense (benefit)

 
99.8 

 
65.1 

 
544.7 

 
(104.6)

 
605.0 

Significant noncash charges (credits)

 

 

 

 

 

 

 

 

 

 

       Depreciation, depletion and amortization

 
330.2 

 
345.8 

 
532.1 

 
36.3 

 
1,244.4 

       Accretion of asset retirement obligations

 
11.4 

 
13.6 

 
12.5 

 
0.9 

 
38.4 

       Amortization of undeveloped leases

 
71.6 

 
29.3 

 

– 

 
28.9 

 
129.8 

       Impairment of assets

 

– 

 

– 

 

– 

 
200.0 

 
200.0 

       Deferred and noncurrent income taxes

 
231.0 

 
72.3 

 
73.3 

 
(1.5)

 
375.1 

Additions to property, plant, equipment

 
1,615.9 

 
887.2 

 
1,426.7 

 
4.0 

 
3,933.8 

Total assets at year-end

 
3,625.9 

 
4,477.7 

 
4,811.5 

 
187.8 

 
13,102.9 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic Information

Certain Long-Lived Assets at December 31

(Millions of dollars)

United
States

 

Canada

 

Malaysia

 

United
Kingdom

 

Other*

 

Total

2014

$
5,419.5 

 
3,574.6 

 
4,258.8 

 
0.4 

 
78.1 

 
13,331.4 

2013

 
4,267.9 

 
3,834.9 

 
5,301.7 

 
0.4 

 
76.6 

 
13,481.5 

2012

 
4,177.4 

 
4,190.5 

 
4,101.2 

 
703.2 

 
45.1 

 
13,217.4 

 

*Reclassified to conform to current presentation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment Information (Continued)

 

(Millions of dollars)

Corporate
and
Other

 

Discontinued
Operations

 

Consolidated

Total

Year ended December 31, 2014

 

 

 

 

 

 

Segment income (loss)

$
(164.8)

 
(119.4)

 
905.6 

Revenues from external customers

 
53.4 

 

– 

 
5,476.1 

Interest income

 
7.7 

 

– 

 
7.7 

Interest expense, net of capitalization

 
115.8 

 

– 

 
115.8 

Income tax expense (benefit)

 
(58.4)

 

– 

 
227.3 

Significant noncash charges (credits)

 

 

 

 

 

 

       Depreciation, depletion and amortization

 
8.7 

 

– 

 
1,906.2 

       Accretion of asset retirement obligations

 

– 

 

– 

 
50.8 

       Amortization of undeveloped leases

 

– 

 

– 

 
74.4 

       Impairment of assets

 

– 

 

– 

 
51.3 

       Deferred and noncurrent income taxes

 
(18.8)

 

– 

 
(170.9)

Additions to property, plant, equipment

 
14.5 

 

– 

 
3,317.8 

Total assets at year-end

 
1,773.9 

 
427.1 

 
16,742.3 

 

 

 

 

 

 

 

Year ended December 31, 2013

 

 

 

 

 

 

Segment income (loss)

$
(140.7)

 
235.4 

 
1,123.5 

Revenues from external customers

 
77.5 

 

– 

 
5,390.1 

Interest income

 
3.9 

 

– 

 
3.9 

Interest expense, net of capitalization

 
71.9 

 

– 

 
71.9 

Income tax expense (benefit)

 
(71.7)

 

– 

 
584.6 

Significant noncash charges (credits)

 

 

 

 

 

 

       Depreciation, depletion and amortization

 
9.8 

 

– 

 
1,553.4 

       Accretion of asset retirement obligations

 

– 

 

– 

 
49.0 

       Amortization of undeveloped leases

 

– 

 

– 

 
66.9 

       Impairment of assets

 

– 

 

– 

 
21.6 

       Deferred and noncurrent income taxes

 
(15.7)

 

– 

 
158.1 

Additions to property, plant, equipment

 
15.5 

 
8.1 

 
3,532.2 

Total assets at year-end

 
1,265.2 

 
1,325.1 

 
17,509.5 

 

 

 

 

 

 

 

Year ended December 31, 2012

 

 

 

 

 

 

Segment income (loss)

$
(98.5)

 
164.4 

 
970.9 

Revenues from external customers

 
11.5 

 

– 

 
4,619.6 

Interest income

 
6.5 

 

– 

 
6.5 

Interest expense, net of capitalization

 
14.9 

 

– 

 
14.9 

Income tax expense (benefit)

 
(43.5)

 

– 

 
561.5 

Significant noncash charges (credits)

 

 

 

 

 

 

       Depreciation, depletion and amortization

 
8.7 

 

– 

 
1,253.1 

       Accretion of asset retirement obligations

 

– 

 

– 

 
38.4 

       Amortization of undeveloped leases

 

– 

 

– 

 
129.8 

       Impairment of assets

 

– 

 

– 

 
200.0 

       Deferred and noncurrent income taxes

 
(32.3)

 

– 

 
342.8 

Additions to property, plant, equipment

 
8.2 

 
191.8 

 
4,133.8 

Total assets at year-end

 
1,009.6 

 
3,410.1 

 
17,522.6 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic Information

Revenues from External Customers for the Year

(Millions of dollars)

United
States

 

Canada

 

Malaysia

 

Other

 

Total

2014

$
2,201.5 

 
1,052.4 

 
2,233.0 

 
(10.8)

 
5,476.1 

2013

 
1,798.5 

 
1,150.2 

 
2,337.5 

 
103.9 

 
5,390.1 

2012

 
1,038.1 

 
1,088.4 

 
2,415.6 

 
77.5 

 
4,619.6