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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues and other income    
Revenue from sales to customers $ 592,527 $ 600,558
(Loss) gain on crude contracts (214,385) 400,672
Gain on sale of assets and other income 1,843 2,498
Total revenues and other income 379,985 1,003,728
Costs and expenses    
Lease operating expenses 147,164 209,148
Severance and ad valorem taxes 9,231 9,422
Transportation, gathering and processing 42,912 44,367
Exploration expenses, including undeveloped lease amortization 11,780 20,126
Selling and general expenses 29,503 36,772
Depreciation, depletion and amortization 198,278 306,102
Accretion of asset retirement obligations 10,492 9,966
Impairment of assets 171,296 967,530
Other expense (benefit) 21,079 (45,188)
Total costs and expenses 641,735 1,558,245
Operating loss from continuing operations (261,750) (554,517)
Other income (loss)    
Interest and other income (loss) (5,341) 241
Interest expense, net (88,100) (41,097)
Total other loss (93,441) (40,856)
Loss from continuing operations before income taxes (355,191) (595,373)
Income tax benefit (88,159) (91,533)
Loss from continuing operations (267,032) (503,840)
Income (loss) from discontinued operations, net of income taxes 208 (4,862)
Net loss including noncontrolling interest (266,824) (508,702)
Less: Net income (loss) attributable to noncontrolling interest 20,614 (92,598)
NET LOSS ATTRIBUTABLE TO MURPHY $ (287,438) $ (416,104)
LOSS PER COMMON SHARE – BASIC    
Continuing operations (in USD per share) $ (1.87) $ (2.68)
Discontinued operations (in USD per share) 0 (0.03)
Net loss (in USD per share) (1.87) (2.71)
LOSS PER COMMON SHARE – DILUTED    
Continuing operations (in USD per share) (1.87) (2.68)
Discontinued operations (in USD per share) 0 (0.03)
Net loss (in USD per share) (1.87) (2.71)
Cash dividends per Common share (in USD per share) $ 0.125 $ 0.25
Average Common shares outstanding (thousands)    
Basic (in shares) 153,952,552 153,312,647
Diluted (in shares) 153,952,552 153,312,647