Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2011

Assets and Liabilities Held for Sale Related to the Meraux Refinery and Associated Assets

Assets and liabilities presented in the September 30, 2011 Consolidated Balance Sheet as held for sale related to the Meraux refinery and associated assets were as follows:

(Thousands of dollars)
Current Assets:
Accounts receivable	$	1,243
Liquid inventories		51,268
Materials and supplies inventories		23,076
Other		3,092
		78,679
Noncurrent Assets:
Property, plant and equipment – net, at realizable value	$	428,804
Other		37,543
		466,347

Results of Operations Associated with Discontinued Operations

The results of operations associated with these discontinued operations were as follows:

	Three Months Ended September 30				Nine Months Ended September 30
(Thousands of dollars)	2011		2010		2011		2010
Revenues	$	1,315,229		863,449		3,700,789		2,230,231
Income (loss) before income taxes, including gain on sale of $15,959 in the three-month and nine-month periods in 2011		107,215		7,285		203,601		(11,366	)
Income tax expense (benefit)		36,842		1,890		71,170		(5,301	)