Earnings per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

Net income attributable to Murphy was used as the numerator in computing both basic and diluted income per Common share for the three and nine-month periods ended September 30, 2019 and 2018.  The following table reports the weighted-average shares outstanding used for these computations.

	Three Months Ended September 30,		Nine Months Ended September 30,
(Weighted-average shares)	2019	2018	2019	2018
Basic method	160,365,705	173,047,246	167,310,202	172,949,450
Dilutive stock options and restricted stock units	614,333	1,128,021	795,025	1,252,310
Diluted method	160,980,038	174,175,267	168,105,227	174,201,760

The following table reflects certain options to purchase shares of common stock that were outstanding during the periods presented but were not included in the computation of diluted shares above because the incremental shares from the assumed conversion were antidilutive.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Antidilutive stock options excluded from diluted shares	2,903,768		2,870,549		3,016,361		3,544,087
Weighted average price of these options	$	44.65	$	54.06	$	45.38	$	50.49