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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
Net income $ 155,253 $ 360,599 [1]
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss (income) from discontinued operations 14,033 (177,916) [1]
Depreciation, depletion and amortization 396,249 363,142 [1]
Amortization of deferred major repair costs 2,741 1,990 [1]
Dry hole costs 87,909 41,011 [1]
Amortization of undeveloped leases 12,830 15,390 [1]
Accretion of asset retirement obligations 12,065 11,896 [1]
Deferred and noncurrent income tax charges 23,167 25,326 [1]
Pretax gain from disposition of assets (19) (42) [1]
Net decrease in noncash operating working capital 18,673 100,949 [1]
Other operating activities, net 2,973 (13,896) [1]
Net cash provided by continuing operations 725,874 728,449 [1]
Net cash provided by discontinued operations 10,005 192,678 [1]
Net cash provided by operating activities 735,879 921,127 [1]
INVESTING ACTIVITIES    
Property additions and dry hole costs (996,218) (965,412) [1]
Proceeds from sale of assets 26 0 [1]
Purchases of investment securities (240,802) [2] (230,320) [1],[2]
Proceeds from maturity of investment securities 243,641 [2] 130,385 [1],[2]
Investing activities of discontinued operations:    
Sales proceeds 0 211,549 [1]
Other (4,866) (82,264) [1]
Other - net (3,736) 2,122 [1]
Net cash required by investing activities (1,001,955) (933,940) [1]
FINANCING ACTIVITIES    
Borrowings of long-term debt 479,000 261,989 [1]
Purchase of treasury stock (250,000) 0 [1]
Proceeds from exercise of stock options 0 1,281 [1]
Withholding tax on stock-based incentive awards (6,319) (7,337) [1]
Cash dividends paid (56,073) (59,672) [1]
Other (240) (91) [1]
Net cash provided by financing activities 166,368 196,170 [1]
Effect of exchange rate changes on cash and cash equivalents (1,835) (13,568) [1]
Net increase (decrease) in cash and cash equivalents (101,543) 169,789 [1]
Cash and cash equivalents, beginning 750,155 947,316 [1]
Cash and cash equivalents, ending $ 648,612 $ 1,117,105 [1]
[1] Reclassified to conform to current presentation.
[2] Investments are Canadian government securities with maturities greater than 90 days at the date of acquisition.