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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues and other income      
Revenue from sales to customers $ 2,801,215 $ 1,751,709 $ 2,817,111
(Loss) gain on derivative instruments (525,850) 202,661 (856)
Gain on sale of assets and other income 23,916 12,971 12,798
Total revenues and other income 2,299,281 1,967,341 2,829,053
Costs and expenses      
Lease operating expenses 539,546 600,076 605,180
Severance and ad valorem taxes 41,212 28,526 47,959
Transportation, gathering and processing 187,028 172,399 176,315
Exploration expenses, including undeveloped lease amortization 69,044 86,479 95,105
Selling and general expenses 121,950 140,243 232,736
Restructuring expenses 0 49,994 0
Depreciation, depletion and amortization 795,105 987,239 1,147,842
Accretion of asset retirement obligations 46,613 42,136 40,506
Impairment of assets 196,296 1,206,284 0
Other (benefit) expense 21,052 16,274 38,117
Total costs and expenses 2,017,846 3,329,650 2,383,760
Operating income (loss) from continuing operations 281,435 (1,362,309) 445,293
Other income (loss)      
Interest income and other (loss) (16,771) (17,303) (22,520)
Interest expense, net (221,773) (169,423) (219,275)
Total other loss (238,544) (186,726) (241,795)
Income (loss) from continuing operations before income taxes 42,891 (1,549,035) 203,498
Income tax expense (benefit) (5,862) (293,741) 14,683
Income (loss) from continuing operations 48,753 (1,255,294) 188,815
Income (loss) from discontinued operations, net of income taxes (1,225) (7,151) 1,064,487
Net income (loss) including noncontrolling interest 47,528 (1,262,445) 1,253,302
Less: Net income (loss) attributable to noncontrolling interest 121,192 (113,668) 103,570
NET INCOME (LOSS) ATTRIBUTABLE TO MURPHY $ (73,664) $ (1,148,777) $ 1,149,732
INCOME (LOSS) PER COMMON SHARE – BASIC      
Continuing operations (in USD per share) $ (0.47) $ (7.43) $ 0.52
Discontinued operations (in USD per share) (0.01) (0.05) 6.49
Net Income (loss) (in USD per share) (0.48) (7.48) 7.01
INCOME (LOSS) PER COMMON SHARE – DILUTED      
Continuing operations (in USD per share) (0.47) (7.43) 0.52
Discontinued operations (in USD per share) (0.01) (0.05) 6.46
Net income (loss) (in USD per share) (0.48) (7.48) 6.98
Cash dividends per Common share (in USD per share) $ 0.50 $ 0.625 $ 1.00
Average Common shares outstanding (thousands)      
Basic (in shares) 154,290,741 153,507,109 163,992,427
Diluted (in shares) 154,290,741 153,507,109 164,812,428