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Business Segments (Tables)
6 Months Ended
Jun. 30, 2018
Business Segments [Abstract]  
Segment Information



 

 

 

 

 

 

 

 

 

 



 

 

 

Three Months Ended

 

Three Months Ended



Total Assets

 

June 30, 2018

 

June 30, 2017



at June 30,

 

External

 

Income

 

External

 

Income

(Millions of dollars)

2018

 

Revenues

 

(Loss)

 

Revenues

 

(Loss)

Exploration and production 1

 

 

 

 

 

 

 

 

 

 

United States

$

4,799.1 

 

318.8 

 

72.6 

 

212.5 

 

(9.6)

Canada

 

1,745.6 

 

108.4 

 

9.7 

 

88.2 

 

5.2 

Malaysia

 

1,621.7 

 

228.6 

 

83.9 

 

176.5 

 

47.7 

Other

 

160.0 

 

– 

 

(15.0)

 

– 

 

7.2 

Total exploration and production

 

8,326.4 

 

655.8 

 

151.2 

 

477.2 

 

50.5 

Corporate 3

 

1,597.3 

 

(37.6)

 

(105.3)

 

31.1 

 

(67.9)

Assets/revenue/income from continuing operations

 

9,923.7 

 

618.2 

 

45.9 

 

508.3 

 

(17.4)

Discontinued operations, net of tax

 

21.7 

 

– 

 

(0.4)

 

– 

 

(0.2)

Total

$

9,945.4 

 

618.2 

 

45.5 

 

508.3 

 

(17.6)



 

 

 

 

 

 

 

 

 

 



 

 

 

Six Months Ended

 

Six Months Ended



 

 

 

June 30, 2018

 

June 30, 2017



 

 

 

External

 

Income

 

External

 

Income

(Millions of dollars)

 

 

 

Revenues

 

(Loss)

 

Revenues

 

(Loss)

Exploration and production 1

 

 

 

 

 

 

 

 

 

 

United States

 

 

$

596.9 

 

108.7 

 

436.7 

 

(10.6)

Canada 2

 

 

 

226.7 

 

34.3 

 

306.1 

 

105.8 

Malaysia

 

 

 

439.5 

 

154.3 

 

373.9 

 

106.3 

Other

 

 

 

– 

 

(30.5)

 

– 

 

0.1 

Total exploration and production

 

 

 

1,263.1 

 

266.8 

 

1,116.7 

 

201.6 

Corporate 3

 

 

 

(59.3)

 

(52.2)

 

68.2 

 

(161.5)

Revenue/loss from continuing operations

 

 

 

1,203.8 

 

214.6 

 

1,184.9 

 

40.1 

Discontinued operations, net of tax

 

 

 

– 

 

(0.8)

 

– 

 

0.8 

Total

 

 

$

1,203.8 

 

213.8 

 

1,184.9 

 

40.9 

1 Additional details about results of oil and gas operations are presented in the tables on pages 1 and 30.

2 Revenue for the six months ended June 30, 2017 includes a pretax gain of $132.4 million related to the sale of Seal heavy oil assets in Canada.

3  In 2018, the Company reported realized and unrealized gains and losses on crude oil contracts in the Corporate segment (previously reported in the Exploration and production business) to reflect how segments are currently evaluated, how resources are allocated and how risk is managed by the Company.  The 2017 amounts have been reclassified to reflect comparable disclosure.