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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
OPERATING ACTIVITIES    
Net income $ 763,243 $ 585,508 [1]
Adjustments to reconcile net income to net cash provided by operating activities    
Income from discontinued operations (223,145) (12,764) [1]
Depreciation, depletion and amortization 806,042 642,410 [1]
Impairment of assets 21,587 0 [1]
Amortization of deferred major repair costs 12,991 10,949 [1]
Expenditures for asset retirements (20,124) (12,763) [1]
Dry hole costs 81,305 34,217 [1]
Amortization of undeveloped leases 32,052 75,072 [1]
Accretion of asset retirement obligations 24,404 19,047 [1]
Deferred and noncurrent income tax charges 65,333 43,945 [1]
Pretax (gain) loss from disposition of assets 278 (125) [1]
Net (increase) decrease in noncash operating working capital 65,144 (103,345) [1]
Other operating activities, net 24,172 32,086 [1]
Net cash provided by continuing operations 1,653,282 1,314,237 [1]
Net cash provided by discontinued operations 15,728 32,881 [1]
Net cash provided by operating activities 1,669,010 1,347,118 [1]
INVESTING ACTIVITIES    
Property additions and dry hole costs (1,963,618) [2] (1,314,589) [1],[2]
Proceeds from sales of assets 169 163 [1]
Purchase of investment securities (373,196) [3] (836,472) [1],[3]
Proceeds from maturity of investment securities 358,915 [3] 897,793 [1],[3]
Expenditures for major repairs (7,682) (7,440) [1]
Investing activities of discontinued operations    
Sales proceeds 282,202 0 [1]
Property additions and other (8,109) (22,430) [1]
Other - net 4,379 5,872 [1]
Net cash required by investing activities (1,706,940) (1,277,103) [1]
FINANCING ACTIVITIES    
Borrowings of long-term debt 461,978 [2] 541,896 [1],[2]
Maturities of notes payable 0 (350,000) [1]
Purchase of treasury stock (250,000) 0 [1]
Proceeds from exercise of stock options and employee stock purchase plans 2,628 8,752 [1]
Excess tax benefits related to exercise of stock options 69 1,328 [1]
Withholding tax on stock-based incentive awards (8,966) (3,703) [1]
Issue cost of notes payable and debt facility (2,793) (3,943) [1]
Cash dividends paid (119,376) (106,797) [1]
Net cash provided by financing activities 83,540 87,533 [1]
Effect of exchange rate changes on cash and cash equivalents (18,500) 221 [1]
Net increase in cash and cash equivalents 27,110 157,769 [1]
Cash and cash equivalents, beginning 947,316 513,873 [1]
Cash and cash equivalents, ending $ 974,426 $ 671,642 [1]
[1] Reclassified to conform to current presentation.
[2] 2 Excludes non-cash asset and long-term obligation of $356,170 in 2013 associated with lease commencement for production equipment at the Kakap field offshore Malaysia.
[3] 3 Investments are Canadian government securities with maturities greater than 90 days at the date of acquisition.