Net Income (Loss) Per Common Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

Note L – Net Income (Loss) Per Common Share

Net income (loss) attributable to Murphy was used as the numerator in computing both basic and diluted income per common share for each of the three years presented. The following table reconciles the weighted-average shares outstanding used for these computations.

(Weighted-average shares)	2024	2023	2022
Basic method	150,011,458	155,233,560	155,276,533
Dilutive stock options and restricted stock units	1,015,894	1,412,869	2,198,305
Diluted method	151,027,352	156,646,429	157,474,838

The following table reflects certain options to purchase shares of common stock that were outstanding during each of the three years presented but were not included in the computation of diluted earnings per share because the incremental shares from the assumed conversion were antidilutive.

	2024	2023	2022
Antidilutive stock options excluded from diluted shares	—	—	126,000
Weighted average price of these options	—	—	$49.65