Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2012

Assets and Liabilities Presented in Consolidated Balance Sheet as Held for Sale

Assets and liabilities presented in the December 31, 2012 Consolidated Balance Sheet as held for sale related to the U.K. exploration and production operations were as follows:

(Thousands of dollars)
Current Assets:
Accounts receivable	$	10,143
Inventories and other		4,976
	$	15,119
Noncurrent Assets:
Property, plant and equipment – net	$	205,746
Other		2,422
	$	208,168
Current liabilities:
Accounts payable	$	27,578
Income taxes payable		19,893
	$	47,471
Noncurrent liabilities:
Deferred income taxes payable	$	87,893
Asset retirement obligation		53,284
	$	141,177

Results of Operations Associated with Discontinued Operations

The results of operations associated with these discontinued operations are presented in the following table.

(Thousands of dollars)	2012		2011		2010
Revenues	$	150,304		3,808,217		3,308,921
Income from operations before income taxes	$	75,074		246,570		88,579
Gain on sale before income taxes		0		12,684		0
Total income from discontinued operations before taxes		75,074		259,254		88,579
Provision for income taxes		68,244		116,023		39,578
Income from discontinued operations	$	6,830		143,231		49,001