CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 145,505	$ 306,760
Accounts receivable, less allowance for doubtful accounts of	372,549	426,684
Inventories	59,728	76,123
Prepaid expenses	61,271	40,896
Assets held for sale	124,337	123,864
Total current assets	763,390	974,327
Property, plant and equipment, at cost less accumulated depreciation, depletion and amortization of $10,603,617 in 2020 and $9,333,646 in 2019	8,891,419	9,969,743
Operating lease assets	779,591	598,293
Deferred income taxes	290,006	129,287
Deferred charges and other assets	29,624	46,854
Total assets	10,754,030	11,718,504
Current liabilities
Accounts payable	366,205	602,096
Income taxes payable	18,646	19,049
Other taxes payable	16,988	18,613
Operating lease liabilities	103,341	92,286
Other accrued liabilities	151,848	197,447
Liabilities associated with assets held for sale	13,711	13,298
Total current liabilities	670,739	942,789
Long-term debt, including capital lease obligation	2,956,419	2,803,381
Asset retirement obligations	844,545	825,794
Deferred credits and other liabilities	628,904	613,407
Non-current operating lease liabilities	697,674	521,324
Deferred income taxes	182,267	207,198
Total liabilities	5,980,548	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	931,429	949,445
Retained earnings	5,823,426	6,614,304
Accumulated other comprehensive loss	(690,341)	(574,161)
Treasury stock	(1,691,070)	(1,717,217)
Murphy Shareholders' Equity	4,568,545	5,467,460
Noncontrolling interest	204,937	337,151
Total equity	4,773,482	5,804,611
Total liabilities and equity	$ 10,754,030	$ 11,718,504