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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues and other income      
Revenue from sales to customers $ 1,751,709 $ 2,817,111 $ 1,806,473
(Loss) gain on crude contracts 202,661 (856) (41,975)
Gain on sale of assets and other income 12,971 12,798 26,903
Total revenues and other income 1,967,341 2,829,053 1,791,401
Costs and expenses      
Lease operating expenses 600,076 605,180 353,832
Severance and ad valorem taxes 28,526 47,959 52,072
Transportation, gathering and processing 172,399 176,315 75,043
Exploration expenses, including undeveloped lease amortization 86,479 95,105 101,812
Selling and general expenses 140,243 232,736 205,192
Restructuring expenses 49,994 0 0
Depreciation, depletion and amortization 987,239 1,147,842 775,614 [1]
Accretion of asset retirement obligations 42,136 40,506 27,119 [1]
Impairment of assets 1,206,284 0 20,000 [1]
Other (benefit) expense 16,274 38,117 (34,870)
Total costs and expenses 3,329,650 2,383,760 1,575,814
Operating (loss) income from continuing operations (1,362,309) 445,293 215,587
Other income (loss)      
Interest and other income (loss) (17,303) (22,520) 7,774
Interest expense, net (169,423) (219,275) (180,359)
Total other loss (186,726) (241,795) (172,585)
(Loss) income from continuing operations before income taxes (1,549,035) 203,498 43,002
Income tax (benefit) expense (293,741) 14,683 (126,136)
(Loss) income from continuing operations (1,255,294) 188,815 169,138
(Loss) income from discontinued operations, net of income taxes (7,151) 1,064,487 250,348 [1]
Net income (loss) including noncontrolling interest (1,262,445) 1,253,302 419,486 [1]
Less: Net (loss) income attributable to noncontrolling interest (113,668) 103,570 8,392
NET INCOME (LOSS) ATTRIBUTABLE TO MURPHY $ (1,148,777) $ 1,149,732 $ 411,094
(LOSS) INCOME PER COMMON SHARE – BASIC      
Continuing operations (in USD per share) $ (7.43) $ 0.52 $ 0.92
Discontinued operations (in USD per share) (0.05) 6.49 1.46
Net Income (loss) (in USD per share) (7.48) 7.01 2.38
(LOSS) INCOME PER COMMON SHARE – DILUTED      
Continuing operations (in USD per share) (7.43) 0.52 0.92
Discontinued operations (in USD per share) (0.05) 6.46 1.44
Net income (loss) (in USD per share) (7.48) 6.98 2.36
Cash dividends per Common share (in USD per share) $ 0.625 $ 1.00 $ 1.00
Average Common shares outstanding (thousands)      
Basic (in shares) 153,507,109 163,992,427 172,974,491
Diluted (in shares) 153,507,109 164,812,428 174,208,765
[1] Reclassified to conform with current presentation