Schedule 5 – Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves


(Millions of dollars)	United States			Canada			Malaysia			United Kingdom			Republic of the Congo			Total
December 31, 2013
Future cash inflows	$	20,638.6			16,112.9			13,399.0			0.0			0.0			50,150.5
Future development costs		(3,833.9	)		(1,882.3	)		(1,445.3	)		0.0			0.0			(7,161.5	)
Future production costs		(5,244.7	)		(7,073.0	)		(4,490.4	)		0.0			0.0			(16,808.1	)
Future income taxes		(3,368.3	)		(1,472.8	)		(1,855.1	)		0.0			0.0			(6,696.2	)

Future net cash flows		8,191.7			5,684.8			5,608.2			0.0			0.0			19,484.7
10% annual discount for estimated timing of cash flows		(4,020.2	)		(2,999.1	)		(1,620.7	)		0.0			0.0			(8,640.0	)

Standardized measure of discounted future net cash flows	$	4,171.5			2,685.7			3,987.5			0.0			0.0			10,844.7

December 31, 2012
Future cash inflows	$	15,547.5			15,511.6			10,354.9			2,395.2			0.0			43,809.2
Future development costs		(3,731.6	)		(1,815.2	)		(966.9	)		(273.2	)		0.0			(6,786.9	)
Future production costs		(3,466.6	)		(7,336.4	)		(3,143.4	)		(738.3	)		0.0			(14,684.7	)
Future income taxes		(2,527.6	)		(1,714.9	)		(1,675.9	)		(872.7	)		0.0			(6,791.1	)

Future net cash flows		5,821.7			4,645.1			4,568.7			511.0			0.0			15,546.5
10% annual discount for estimated timing of cash flows		(2,862.1	)		(2,876.5	)		(1,322.9	)		(372.2	)		0.0			(7,433.7	)

Standardized measure of discounted future net cash flows	$	2,959.6			1,768.6			3,245.8			138.8			0.0			8,112.8

December 31, 2011
Future cash inflows	$	6,105.4			18,835.5			11,037.5			2,509.5			248.6			38,736.5
Future development costs		(1,283.5	)		(1,929.5	)		(1,559.8	)		(356.2	)		(0.0	)		(5,129.0	)
Future production costs		(1,417.9	)		(7,199.7	)		(3,087.8	)		(763.0	)		(183.8	)		(12,652.2	)
Future income taxes		(807.2	)		(2,806.8	)		(2,129.7	)		(869.0	)		(39.7	)		(6,652.4	)

Future net cash flows		2,596.8			6,899.5			4,260.2			521.3			25.1			14,302.9
10% annual discount for estimatedtiming of cash flows		(912.0	)		(3,658.7	)		(1,507.4	)		(304.4	)		2.8			(6,379.7	)

Standardized measure of discounted future net cash flows	$	1,684.8			3,240.8			2,752.8			216.9			27.9			7,923.2

Following are the principal sources of change in the standardized measure of discounted future net cash flows for the years shown.


(Millions of dollars)	2013			2012			2011
Net changes in prices and production costs	$	267.8			(2,461.1	)		3,743.4
Net changes in development costs		(3,456.8	)		(3,860.1	)		(4,113.9	)
Sales and transfers of oil and gas produced, net of production costs		(3,972.4	)		(3,493.3	)		(3,273.5	)
Net change due to extensions and discoveries		4,608.9			4,466.3			3,300.9
Net change due to purchases and sales of proved reserves		(135.6	)		347.4			0.0
Development costs incurred		3,326.8			3,299.0			1,881.5
Accretion of discount		1,109.3			1,153.5			827.7
Revisions of previous quantity estimates		1,646.0			728.1			892.5
Net change in income taxes		(662.1	)		9.8			(1,029.4	)

Net increase		2,731.9			189.6			2,229.2
Standardized measure at January 1		8,112.8			7,923.2			5,694.0

Standardized measure at December 31	$	10,844.7			8,112.8			7,923.2