Earnings Per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Note J – Earnings Per Share

Net income (loss) attributable to Murphy was used as the numerator in computing both basic and diluted income per Common share for the three-month and nine-month periods ended September 30, 2022 and 2021.  The following table reports the weighted-average shares outstanding used for these computations.

	Three Months Ended September 30,		Nine Months Ended September 30,
(Weighted-average shares)	2022	2021	2022	2021
Basic method	155,446,201	154,439,313	155,220,945	154,239,440
Dilutive stock options and restricted stock units ¹	1,889,972	1,492,949	2,185,957	—
Diluted method	157,336,173	155,932,262	157,406,902	154,239,440

1 Due to a net loss recognized by the Company for the nine-month period ended September 30, 2021, no unvested stock awards were included in the computation of diluted earnings per share because the effect would have been antidilutive.

The following table reflects certain options to purchase shares of common stock that were outstanding during the periods presented but were not included in the computation of diluted shares above because the incremental shares from the assumed conversion were antidilutive.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Antidilutive stock options excluded from diluted shares	—		1,316,222		163,800		1,502,758
Weighted average price of these options	$	—	$	34.42	$	49.65	$	34.97