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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
[1]
Revenues      
Revenue from sales to customers $ 2,586,627,000 $ 2,078,548,000 [1] $ 1,862,891,000
(Loss) gain on crude contracts (41,975,000) 9,566,000 [1] (63,412,000)
Gain on sale of assets and other income 25,951,000 137,015,000 [1] 11,759,000
Total revenues 2,570,603,000 2,225,129,000 [1] 1,811,238,000
Costs and Expenses      
Lease operating expenses 555,894,000 468,323,000 [1] 559,360,000
Severance and ad valorem taxes 52,072,000 43,618,000 [1] 43,826,000
Exploration expenses, including undeveloped lease amortization 103,977,000 122,834,000 [1] 101,861,000
Selling and general expenses 216,024,000 203,573,000 [1] 246,277,000
Depreciation, depletion and amortization 971,901,000 957,719,000 [1] 1,054,081,000
Impairment of assets 20,000,000 0 95,088,000
Redetermination expense 11,332,000 15,000,000 [1] 39,100,000
Accretion of asset retirement obligations 44,559,000 42,590,000 [1] 46,742,000
Other (income) expense (34,873,000) 30,706,000 [1] 13,806,000
Total costs and expenses 1,940,886,000 1,884,363,000 [1] 2,200,141,000
Operating income (loss) from continuing operations 629,717,000 340,766,000 [1] (388,903,000)
Other income (loss)      
Interest and other income (loss) (15,775,000) (87,181,000) [1] 43,958,000
Interest expense, net (181,604,000) (181,783,000) [1] (148,170,000)
Total other loss (197,379,000) (268,964,000) [1] (104,212,000)
Income (loss) from continuing operations before income taxes 432,338,000 71,802,000 [1] (493,115,000)
Income tax expense (benefit) 9,330,000 382,738,000 [1] (219,172,000)
Income (loss) from continuing operations 423,008,000 (310,936,000) [1] (273,943,000)
Loss from discontinued operations, net of income taxes (3,522,000) (853,000) [1] (2,027,000)
Net income (loss) including noncontrolling interest 419,486,000 (311,789,000) [1] (275,970,000)
Less: Net income attributable to noncontrolling interest 8,392,000    
NET INCOME (LOSS) ATTRIBUTABLE TO MURPHY $ 411,094,000 $ (311,789,000) [1] $ (275,970,000)
INCOME (LOSS) PER COMMON SHARE - BASIC      
Continuing operations $ 2.39 $ (1.81) [1] $ (1.59)
Discontinued operations (0.01)   (0.01)
Net income (loss) 2.38 (1.81) [1] (1.60)
INCOME (LOSS) PER COMMON SHARE - DILUTED      
Continuing operations 2.37 (1.81) [1] (1.59)
Discontinued operations (0.01)   (0.01)
Net income (loss) 2.36 (1.81) [1] (1.60)
Cash dividends per Common share $ 1.00 $ 1.00 [1] $ 1.20
Average Common shares outstanding      
Basic 172,974,491 172,524,061 [1] 172,173,012
Diluted 174,208,765 172,524,061 [1] 172,173,012
[1] Reclassified to conform to current presentation (see Note B).