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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2016
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, 2016

 

 

 

 

 

 

 

 

 

 

Segment loss

$

 (205.4)

 

 (35.9)

 

 171.1 

 

 (54.7)

 

 (124.9)

Revenues from external customers

 

 685.7 

 

 365.3 

 

 753.4 

 

 0.2 

 

 1,804.6 

Interest income

 

– 

 

– 

 

– 

 

– 

 

– 

Interest expense, net of capitalization

 

– 

 

– 

 

– 

 

– 

 

– 

Income tax expense (benefit)

 

 (87.9)

 

 (134.3)

 

 85.9 

 

 (18.8)

 

 (155.1)

Significant noncash charges (credits)

 

 

 

 

 

 

 

 

 

 

       Depreciation, depletion and amortization

 

 600.5 

 

 203.2 

 

 227.7 

 

 5.9 

 

 1,037.3 

       Accretion of asset retirement obligations

 

 17.1 

 

 13.3 

 

 16.3 

 

– 

 

 46.7 

       Amortization of undeveloped leases

 

 38.4 

 

 4.5 

 

– 

 

 0.5 

 

 43.4 

       Impairment of assets

 

– 

 

 95.1 

 

– 

 

– 

 

 95.1 

       Deferred and noncurrent income taxes

 

 (108.4)

 

 (175.8)

 

 (8.5)

 

 (18.3)

 

 (311.0)

Additions to property, plant, equipment

 

 269.8 

 

 361.3 

 

 101.4 

 

 (1.3)

 

 731.2 

Total assets at year-end

 

 5,419.0 

 

 1,559.5 

 

 2,024.7 

 

 115.7 

 

 9,118.9 

Year ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

Segment loss

$

 (615.7)

 

 (583.4)

 

 (653.2)

 

 (158.6)

 

 (2,010.9)

Revenues from external customers

 

 1,253.6 

 

 549.7 

 

 1,131.4 

 

– 

 

 2,934.7 

Interest income

 

– 

 

– 

 

– 

 

– 

 

– 

Interest expense, net of capitalization

 

– 

 

– 

 

– 

 

– 

 

– 

Income tax benefit

 

 (337.0)

 

 (188.8)

 

 (567.9)

 

 (17.3)

 

 (1,111.0)

Significant noncash charges (credits)

 

 

 

 

 

 

 

 

 

 

       Depreciation, depletion and amortization

 

 794.9 

 

 261.9 

 

 544.9 

 

 6.2 

 

 1,607.9 

       Accretion of asset retirement obligations

 

 20.2 

 

 12.6 

 

 15.9 

 

– 

 

 48.7 

       Amortization of undeveloped leases

 

 59.2 

 

 14.4 

 

– 

 

 1.8 

 

 75.4 

       Impairment of assets

 

 329.0 

 

 683.6 

 

 1,480.6 

 

– 

 

 2,493.2 

       Deferred and noncurrent income taxes

 

 (187.7)

 

 (146.0)

 

 (579.2)

 

 (4.6)

 

 (917.5)

Additions to property, plant, equipment

 

 1,263.1 

 

 184.9 

 

 244.4 

 

 39.2 

 

 1,731.6 

Total assets at year-end

 

 5,717.8 

 

 2,460.6 

 

 2,537.2 

 

 147.7 

 

 10,863.3 

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 







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

Geographic Information

Certain Long-Lived Assets at December 31

(Millions of dollars)

United
States

 

Canada

 

Malaysia

 

United
Kingdom

 

Other

 

Total

2016

$

 5,121.6 

 

 1,451.4 

 

 1,637.0 

 

– 

 

 106.2 

 

 8,316.2 

2015

 

 5,484.7 

 

 2,310.6 

 

 1,912.0 

 

– 

 

 111.1 

 

 9,818.4 

2014

 

 5,419.5 

 

 3,574.6 

 

 4,258.8 

 

 0.4 

 

 78.1 

 

 13,331.4 







 

 

 

 

 

 



 

 

 

 

 

 

Segment Information — Continued

 

(Millions of dollars)

Corporate
and
Other

 

Discontinued
Operations

 

Consolidated
Total

Year ended December 31, 2016

 

 

 

 

 

 

Segment loss

$

 (149.1)

 

 (2.0)

 

 (276.0)

Revenues from external customers

 

 69.5 

 

– 

 

 1,874.1 

Interest income

 

 2.9 

 

– 

 

 2.9 

Interest expense, net of capitalization

 

 148.2 

 

– 

 

 148.2 

Income tax expense (benefit)

 

 (64.1)

 

– 

 

 (219.2)

Significant noncash charges (credits)

 

 

 

 

 

 

       Depreciation, depletion and amortization

 

 16.8 

 

– 

 

 1,054.1 

       Accretion of asset retirement obligations

 

– 

 

– 

 

 46.7 

       Amortization of undeveloped leases

 

– 

 

– 

 

 43.4 

       Impairment of assets

 

– 

 

– 

 

 95.1 

       Deferred and noncurrent income taxes

 

 (76.8)

 

– 

 

 (387.8)

Additions to property, plant, equipment

 

 21.9 

 

– 

 

 753.1 

Total assets at year-end

 

 1,149.9 

 

 27.1 

 

 10,295.9 

Year ended December 31, 2015

 

 

 

 

 

 

Segment loss

$

 (244.9)

 

 (15.0)

 

 (2,270.8)

Revenues from external customers

 

 98.4 

 

– 

 

 3,033.1 

Interest income

 

 4.0 

 

– 

 

 4.0 

Interest expense, net of capitalization

 

 117.4 

 

– 

 

 117.4 

Income tax expense (benefit)

 

 84.5 

 

– 

 

 (1,026.5)

Significant noncash charges (credits)

 

 

 

 

 

 

       Depreciation, depletion and amortization

 

 11.9 

 

– 

 

 1,619.8 

       Accretion of asset retirement obligations

 

– 

 

– 

 

 48.7 

       Amortization of undeveloped leases

 

– 

 

– 

 

 75.4 

       Impairment of assets

 

– 

 

– 

 

 2,493.2 

       Deferred and noncurrent income taxes

 

 (60.5)

 

– 

 

 (978.0)

Additions to property, plant, equipment

 

 59.9 

 

– 

 

 1,791.5 

Total assets at year-end

 

 592.2 

 

 38.3 

 

 11,493.8 



 

 

 

 

 

 

Year ended December 31, 2014

 

 

 

 

 

 

Segment income (loss)

$

 (164.8)

 

 (119.4)

 

 905.6 

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 













 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

Geographic Information

Revenues from External Customers for the Year

(Millions of dollars)

United
States

 

Canada

 

Malaysia

 

Other

 

Total

2016

$

 693.2 

 

 421.1 

 

 759.3 

 

 0.5 

 

 1,874.1 

2015

 

 1,260.0 

 

 557.3 

 

 1,210.9 

 

 4.9 

 

 3,033.1 

2014

 

 2,201.5 

 

 1,052.4 

 

 2,233.0 

 

 (10.8)

 

 5,476.1