CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents		$ 423,569	$ 317,074
Accounts receivable, net		272,530	343,992
Inventories		54,858	54,454
Prepaid expenses		34,322	36,674
Total current assets		785,279	752,194
Property, plant and equipment, at cost less accumulated depreciation, depletion and amortization of $13,811,539 in 2024 and $13,135,385 in 2023		8,054,653	8,225,197
Operating lease assets		777,536	745,185
Deferred income taxes		0	435
Deferred charges and other assets		50,011	43,686
Total assets		9,667,479	9,766,697
Current liabilities
Current maturities of long-term debt, finance lease		871	723
Accounts payable		472,165	446,891
Income taxes payable		19,003	21,007
Other taxes payable		31,685	29,339
Operating lease liabilities		253,208	207,840
Other accrued liabilities		117,802	130,033
Current asset retirement obligations	[1]	48,080	10,712
Total current liabilities		942,814	846,545
Long-term debt, including finance lease obligation		1,274,502	1,328,352
Asset retirement obligations		960,804	904,051
Deferred credits and other liabilities		274,345	309,605
Non-current operating lease liabilities		537,381	551,845
Deferred income taxes		335,790	276,646
Total liabilities		4,325,636	4,217,044
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 2024 and 195,100,628 shares in 2023		195,101	195,101
Capital in excess of par value		848,950	880,297
Retained earnings		6,773,289	6,546,079
Accumulated other comprehensive loss		(628,072)	(521,117)
Treasury stock		(1,995,018)	(1,737,566)
Murphy Shareholders' Equity		5,194,250	5,362,794
Noncontrolling interest		147,593	186,859
Total equity		5,341,843	5,549,653
Total liabilities and equity		$ 9,667,479	$ 9,766,697

[1] The prior-period amount has been reclassified to conform to the current period presentation.