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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues and other income      
Total revenue from sales to customers $ 3,448,854 $ 4,220,140 $ 2,801,215
(Loss) on derivative instruments 0 (320,410) (525,850)
Gain on sale of assets and other income 11,293 32,932 23,916
Total revenues and other income 3,460,147 3,932,662 2,299,281
Costs and expenses      
Lease operating expenses 784,391 679,342 539,546
Severance and ad valorem taxes 42,787 57,012 41,212
Transportation, gathering and processing 232,985 212,711 187,028
Costs of purchased natural gas 51,682 171,991 0
Exploration expenses, including undeveloped lease amortization 234,776 133,197 69,044
Selling and general expenses 117,306 131,121 121,950
Depreciation, depletion and amortization 861,602 776,817 795,105
Accretion of asset retirement obligations 46,059 46,243 46,613
Impairment of assets 0 0 196,296
Other operating expense 46,530 137,518 21,052
Total costs and expenses 2,418,118 2,345,952 2,017,846
Operating income from continuing operations 1,042,029 1,586,710 281,435
Other income (loss)      
Other (loss) income (8,587) 14,310 (16,771)
Interest expense, net (112,373) (150,759) (221,773)
Total other loss (120,960) (136,449) (238,544)
Income from continuing operations before income taxes 921,069 1,450,261 42,891
Income tax expense 195,921 309,464 (5,862)
Income from continuing operations 725,148 1,140,797 48,753
Loss from discontinued operations, net of income taxes (1,467) (2,078) (1,225)
Net income including noncontrolling interest 723,681 1,138,719 47,528
Less: Net income attributable to noncontrolling interest 62,122 173,672 121,192
NET INCOME (LOSS) ATTRIBUTABLE TO MURPHY $ 661,559 $ 965,047 $ (73,664)
INCOME (LOSS) PER COMMON SHARE – BASIC      
Continuing operations (in USD per share) $ 4.27 $ 6.23 $ (0.47)
Discontinued operations (in USD per share) (0.01) (0.01) (0.01)
Net Income (loss) (in USD per share) 4.26 6.22 (0.48)
INCOME (LOSS) PER COMMON SHARE – DILUTED      
Continuing operations (in USD per share) 4.23 6.14 (0.47)
Discontinued operations (in USD per share) (0.01) (0.01) (0.01)
Net income (loss) (in USD per share) 4.22 6.13 (0.48)
Cash dividends per Common share (in USD per share) $ 1.100 $ 0.825 $ 0.500
Average common shares outstanding (thousands)      
Basic (in shares) 155,233,560 155,276,533 154,290,741
Diluted (in shares) 156,646,429 157,474,838 154,290,741
Revenue from production      
Revenues and other income      
Total revenue from sales to customers $ 3,376,639 $ 4,038,451 $ 2,801,215
Sales of purchased natural gas      
Revenues and other income      
Total revenue from sales to customers $ 72,215 $ 181,689 $ 0