CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 407,753	$ 306,760
Accounts receivable, less allowance for doubtful accounts of $1,605 in 2020 and 2019	597,248	426,684
Inventories	68,348	76,123
Prepaid expenses	50,561	40,896
Assets held for sale	88,448	123,864
Total current assets	1,212,358	974,327
Property, plant and equipment, at cost less accumulated depreciation, depletion and amortization of $9,736,196 in 2020 and $9,333,646 in 2019	8,956,303	9,969,743
Operating lease assets	797,335	598,293
Deferred income taxes	210,127	129,287
Deferred charges and other assets	29,662	46,854
Total assets	11,205,785	11,718,504
Current liabilities
Accounts payable	554,557	602,096
Income taxes payable	19,353	19,049
Other taxes payable	13,472	18,613
Operating lease liabilities	109,490	92,286
Other accrued liabilities	155,272	197,447
Liabilities associated with assets held for sale	12,607	13,298
Total current liabilities	864,751	942,789
Long-term debt, including capital lease obligation	2,970,234	2,803,381
Asset retirement obligations	825,461	825,794
Deferred credits and other liabilities	550,655	613,407
Non-current operating lease liabilities	702,796	521,324
Deferred income taxes	193,585	207,198
Total liabilities	6,107,482	5,913,893
Equity
Cumulative Preferred Stock, par $100, authorized 400,000 shares, none issued	0	0
Common Stock, par $1.00, authorized 450,000,000 shares, issued 195,100,628 shares in 2020 and 195,089,269 shares in 2019	195,101	195,089
Capital in excess of par value	924,930	949,445
Retained earnings	6,159,808	6,614,304
Accumulated other comprehensive loss	(701,984)	(574,161)
Treasury stock	(1,691,706)	(1,717,217)
Murphy Shareholders' Equity	4,886,149	5,467,460
Noncontrolling interest	212,154	337,151
Total equity	5,098,303	5,804,611
Total liabilities and equity	$ 11,205,785	$ 11,718,504