CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 317,074	$ 491,963
Accounts receivable, net	343,992	391,152
Inventories	54,454	54,513
Prepaid expenses	36,674	34,697
Total current assets	752,194	972,325
Property, plant and equipment, at cost less accumulated depreciation, depletion and amortization of $13,135,385 in 2023 and $12,489,970 in 2022	8,225,197	8,228,016
Operating lease assets	745,185	946,406
Deferred income taxes	435	117,889
Deferred charges and other assets	43,686	44,316
Total assets	9,766,697	10,308,952
Current liabilities
Current maturities of long-term debt, finance lease	723	687
Accounts payable	446,891	543,786
Income taxes payable	21,007	26,544
Other taxes payable	29,339	22,819
Operating lease liabilities	207,840	220,413
Other accrued liabilities	140,745	443,585
Total current liabilities	846,545	1,257,834
Long-term debt, including finance lease obligation	1,328,352	1,822,452
Asset retirement obligations	904,051	817,268
Deferred credits and other liabilities	309,605	304,948
Non-current operating lease liabilities	551,845	742,654
Deferred income taxes	276,646	214,903
Total liabilities	4,217,044	5,160,059
Equity
Cumulative Preferred Stock, par $100, authorized 400,000 shares, none issued	0	0
Common Stock, par $1.00, authorized 450,000,000 shares, issued 195,100,628 shares in 2023 and 195,100,628 shares in 2022	195,101	195,101
Capital in excess of par value	880,297	893,578
Retained earnings	6,546,079	6,055,498
Accumulated other comprehensive loss	(521,117)	(534,686)
Treasury stock	(1,737,566)	(1,614,717)
Murphy Shareholders' Equity	5,362,794	4,994,774
Noncontrolling interest	186,859	154,119
Total equity	5,549,653	5,148,893
Total liabilities and equity	$ 9,766,697	$ 10,308,952