Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2013

Discontinued Operations And Disposal Groups [Abstract]

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

The following table presents the carrying value of the major categories of assets and liabilities of discontinued operations reflected on the Company’s consolidated balance sheets at December 31, 2013 and 2012:

(Millions of dollars)	2013		2012
Current assets
Held for sale assets of U.K. downstream operations:
Cash	$	301,302		0
Accounts receivable		302,059		0
Inventories		254,240		0
Other		86,131		0
Held for sale assets of U.K. oil and gas operations		0		15,119
Total current assets held for sale	$	943,732		15,119
Non-current assets
Held for sale assets of U.K. downstream operations:
Property, plant and equipment, net	$	360,347		0
Other		21,057		0
Held for sale assets of U.K. oil and gas operations:
Property, plant and equipment		0		205,746
Other		0		2,422
Total non-current assets held for sale	$	381,404		208,168
Current liabilities
Current liabilities associated with held for sale properties of U.K. downstream operations:
Accounts payable	$	637,432		0
Other		1,708		0
Current liabilities associated with held for sale properties of U.K. oil and gas operations:
Accounts payable		0		27,578
Income taxes payable		0		19,893
Total current liabilities associated with assets held for sale	$	639,140		47,471
Non-current liabilities
Non-current liabilities associated with held for sale properties of U.K. downstream operations:
Deferred income taxes payable	$	68,096		0
Deferred credits and other liabilities		27,448		0
Non-current liabilities associated with held for sale properties of U.K. oil and gas operations:
Deferred income taxes payable		0		87,893
Asset retirement obligations		0		53,284
Total non-current liabilities associated with assets held for sale	$	95,544		141,177

Major Categories of Assets and Liabilities for MUSA Included in Consolidated Balance Sheet

The major categories of assets and liabilities for MUSA were included in the Company’s consolidated balance sheet at December 31, 2012 as follows:

(Millions of dollars)	2012
Current assets
Accounts receivable	$	525,936
Inventories		217,393
Other current assets		8,685
Total current assets	$	752,014
Non-current assets
Property, plant and equipment, net	$	1,163,748
Other assets		498
Total non-current assets	$	1,164,246
Current liabilities
Accounts payable	$	612,755
Income taxes payable		16,851
Other taxes payable		65,349
Other current liabilities		38,798
Total current liabilities	$	733,753
Non-current liabilities
Long-term debt	$	1,123
Deferred income taxes		89,946
Asset retirement obligations		15,401
Deferred credits and other liabilities		87,600
Total non-current liabilities	$	194,070

Results of Operations Associated with Discontinued Operations

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

(Thousands of dollars)	2013		2012		2011
Revenues	$	17,586,236		24,156,748		27,310,300
Income from operations before income taxes	$	119,984		330,048		571,339
Gain on sale before income taxes		130,991		0		12,684
Total income from discontinued operations before taxes		250,975		330,048		584,023
Provision for income taxes		15,639		165,666		250,519
Income from discontinued operations	$	235,336		164,382		333,504