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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net income (loss) $ (2,270,833) $ 905,611 $ 1,123,473
Adjustments to reconcile net income (loss) to net cash provided by continuing operations activities:      
Loss (income) from discontinued operations 15,061 119,362 (235,336)
Depreciation, depletion and amortization 1,619,824 1,906,247 1,553,394
Impairment of assets 2,493,156 51,314 21,587
Amortization of deferred major repair costs 7,296 8,345 8,464
Dry hole costs 296,845 269,986 262,876
Amortization of undeveloped leases 75,312 74,438 66,891
Accretion of asset retirement obligations 48,665 50,778 48,996
Deferred and noncurrent income tax charges (benefits) (978,030) (170,915) 158,108
Pretax (gains) losses from disposition of assets (154,155) (138,903) 87
Net decrease (increase) in noncash operating working capital 35,064 (3,729) 266,329
Other operating activities, net (4,836) (23,895) (64,174)
Net cash provided by continuing operations activities 1,183,369 3,048,639 3,210,695
Investing Activities      
Property additions and dry hole costs [1] (2,549,736) (3,679,464) (3,590,344)
Proceeds from sales of property, plant and equipment 423,911 1,467,046 1,650
Purchase of investment securities [2] (911,787) (986,328) (923,497)
Proceeds from maturity of investment securities [2] 1,129,139 899,857 664,258
Other investing activities, net (13,648) (18,929) 291
Net cash required by investing activities (1,922,121) (2,317,818) (3,847,642)
Financing Activities      
Borrowings of debt [1] 600,000 100,000 350,000
Repayments of debt (450,000)    
Capital lease obligation payments (10,434) (25,265)  
Purchase of treasury stock (250,000) (375,000) (500,000)
Proceeds from exercise of stock options and employee stock purchase plans   210 3,409
Withholding tax on stock-based incentive awards (8,976) (6,786) (16,727)
Cash dividends paid (244,998) (236,371) (235,108)
Separation of U.S. retail marketing business:      
Cash distributed to Murphy Oil by Murphy USA     650,000
Cash held and retained by Murphy USA upon separation     (55,506)
Other financing activities, net (153) (1,498) (2,473)
Net cash provided (required) by financing activities (364,561) (544,710) 193,595
Cash Flows from Discontinued Operations      
Operating activities (15,005) (39,563) 427,792
Investing activities 5,314 199,541 116,463
Changes in cash included in current assets held for sale 192,585 100,790 (301,302)
Net increase in cash and cash equivalents of discontinued operations 182,894 260,768 242,953
Effect of exchange rate changes on cash and cash equivalents 10,294 (3,726) 3,238
Net increase (decrease) in cash and cash equivalents (910,125) 443,153 (197,161)
Cash and cash equivalents at January 1 1,193,308 [3] 750,155 947,316
Cash and cash equivalents at December 31 $ 283,183 $ 1,193,308 [3] $ 750,155
[1] Excludes noncash asset and long-term obligation of $357,991 in 2013 associated with lease commencement for production equipment at the Kakap field offshore Malaysia.
[2] Investments are Canadian government securities with maturities greater than 90 days at the date of acquisition.
[3] Reclassified to conform to current presentation.