Earnings per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

Net (loss) income attributable to Murphy was used as the numerator in computing both basic and diluted income per Common share for the three-month periods ended March 31, 2020 and 2019.  The following table reports the weighted-average shares outstanding used for these computations.

	Three Months Ended March 31,
(Weighted-average shares)	2020	2019
Basic method	153,312,647	173,341,304
Dilutive stock options and restricted stock units ¹	—	1,150,039
Diluted method	153,312,647	174,491,343

¹ Due to a net loss recognized by the Company for the three months ended March 31, 2020, no unvested stock awards were included in the computation of diluted earnings per share because the effect would have been antidilutive.

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 March 31,
	2020		2019
Antidilutive stock options excluded from diluted shares	2,490,542		3,140,065
Weighted average price of these options	$	42.58	$	46.18