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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income (loss) $ (275,970) $ (2,270,833) $ 905,611
Adjustments to reconcile net income (loss) to net cash provided by continuing operations activities:      
Loss from discontinued operations 2,027 15,061 119,362
Depreciation, depletion and amortization 1,054,081 1,619,824 1,906,247
Impairment of assets 95,088 2,493,156 51,314
Amortization of deferred major repair costs 3,794 7,296 8,345
Dry hole costs 15,047 296,845 269,986
Amortization of undeveloped leases 43,417 75,312 74,438
Accretion of asset retirement obligations 46,742 48,665 50,778
Deferred income tax benefits (387,843) (978,030) (170,915)
Pretax gains from disposition of assets (1,663) (154,155) (138,903)
Net (increase) decrease in noncash operating working capital (38,689) 35,064 (3,729)
Other operating activities, net 44,764 (4,836) (23,895)
Net cash provided by continuing operations activities 600,795 1,183,369 3,048,639
Investing Activities      
Property additions and dry hole costs (926,948) (2,549,736) (3,679,464)
Proceeds from sales of property, plant and equipment 1,155,144 423,911 1,467,046
Purchase of investment securities [1] (695,879) (911,787) (986,328)
Proceeds from maturity of investment securities [1] 761,000 1,129,139 899,857
Other investing activities, net (7,230) (13,648) (18,929)
Net cash provided (required) by investing activities 286,087 (1,922,121) (2,317,818)
Financing Activities      
Borrowings of debt 541,444 600,000 100,000
Repayments of debt (600,000) (450,000)  
Capital lease obligation payments (10,447) (10,434) (25,265)
Purchase of treasury stock   (250,000) (375,000)
Issue cost of debt facility (14,085)    
Cash dividends paid (206,635) (244,998) (236,371)
Other financing activities, net (1,158) (9,129) (8,074)
Net cash required by financing activities (290,881) (364,561) (544,710)
Cash Flows from Discontinued Operations      
Operating activities   (15,005) (39,563)
Investing activities   5,314 199,541
Changes in cash included in current assets held for sale   192,585 100,790
Net increase in cash and cash equivalents of discontinued operations   182,894 260,768
Effect of exchange rate changes on cash and cash equivalents (6,387) 10,294 (3,726)
Net increase (decrease) in cash and cash equivalents 589,614 (910,125) 443,153
Cash and cash equivalents at January 1 283,183 [2] 1,193,308 750,155
Cash and cash equivalents at December 31 $ 872,797 $ 283,183 [2] $ 1,193,308
[1] Investments are Canadian government securities with maturities greater than 90 days at the date of acquisition.
[2] Reclassified to conform to current presentation. See Note B for additional information.