Earnings Per Share

6 Months Ended

Jun. 30, 2023

Note J – Earnings Per Share

Net income attributable to Murphy was used as the numerator in computing both basic and diluted income per Common share for the three-month and six-month periods ended June 30, 2023 and 2022. The following table reports the weighted-average shares outstanding used for these computations.


	Three Months Ended June 30,		Six Months Ended June 30,
(Weighted-average shares)	2023	2022	2023	2022
Basic method	156,126,580	155,388,555	155,976,326	155,121,098
Dilutive stock options and restricted stock units ¹	1,172,382	2,066,575	1,331,696	2,730,624
Diluted method	157,298,962	157,455,130	157,308,022	157,851,722

1 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.


	Six Months Ended June 30,
		2023		2022
Antidilutive stock options excluded from diluted shares		$	–	$	234,000
Weighted average price of these options		$	–	$	49.65