Murphy Oil Stock Risk as compared to the Overall Stock Market Risk.

No definition available.

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The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
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The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period.

+ References

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The estimated measure of the maximum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period.

+ References

No definition available.

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The estimated measure of the minimum percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period.

+ References

No definition available.

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- Definition

The risk-free interest rate assumption that is used in valuing an option on its own shares.

+ References

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- Definition

The maximum risk-free interest rate assumption that is used in valuing an option on its own shares.

+ References

No definition available.

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- Definition

The minimum risk-free interest rate assumption that is used in valuing an option on its own shares.

+ References

No definition available.

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Expected term of award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.

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Incentive Plans - Assumptions used in Valuation Performance Awards Granted (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Performance Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per share at grant date (in USD per share)			$ 16.03
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected volatility	81.00%		74.00%
Expected volatility rate minimum		79.00%
Expected volatility rate maximum		81.00%
Risk-free interest rate			0.18%
Stock beta	1.034		1.169
Stock beta minimum		119.50%
Stock beta maximum		120.00%
Expected life	3 years	3 years	3 years
Performance Based Restricted Stock \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per share at grant date (in USD per share)		$ 37.77
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate	3.90%	1.39%
Performance Based Restricted Stock \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per share at grant date (in USD per share)	$ 60.46	$ 47.37
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate		2.85%
Time lapse restricted stock \| Non-employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per share at grant date (in USD per share)	43.27	$ 32.84
Time lapse restricted stock \| Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per share at grant date (in USD per share)	$ 42.20		$ 12.30
Time lapse restricted stock \| Minimum \| Non-employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per share at grant date (in USD per share)			13.14
Time lapse restricted stock \| Minimum \| Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per share at grant date (in USD per share)		29.80
Time lapse restricted stock \| Maximum \| Non-employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per share at grant date (in USD per share)			$ 23.58
Time lapse restricted stock \| Maximum \| Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per share at grant date (in USD per share)		$ 49.86