CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 392,914	$ 423,569
Accounts receivable, net	282,249	272,530
Inventories	71,048	54,858
Prepaid expenses	25,200	34,322
Total current assets	771,411	785,279
Property, plant and equipment, at cost less accumulated depreciation, depletion and amortization of $14,007,994 in 2025 and $13,811,539 in 2024	8,279,284	8,054,653
Operating lease assets	714,091	777,536
Deferred charges and other assets	55,537	50,011
Total assets	9,820,323	9,667,479
Current liabilities
Current maturities of long-term debt, finance lease	892	871
Accounts payable	538,290	472,165
Income taxes payable	25,217	19,003
Other taxes payable	32,874	31,685
Operating lease liabilities	243,232	253,208
Other accrued liabilities	90,566	117,802
Current asset retirement obligations	77,452	48,080
Total current liabilities	1,008,523	942,814
Long-term debt, including finance lease obligation	1,474,828	1,274,502
Asset retirement obligations	954,709	960,804
Deferred credits and other liabilities	269,334	274,345
Non-current operating lease liabilities	483,370	537,381
Deferred income taxes	352,280	335,790
Total liabilities	4,543,044	4,325,636
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 2025 and 195,100,628 shares in 2024	195,101	195,101
Capital in excess of par value	830,945	848,950
Retained earnings	6,799,299	6,773,289
Accumulated other comprehensive loss	(628,875)	(628,072)
Treasury stock	(2,076,211)	(1,995,018)
Murphy Shareholders' Equity	5,120,259	5,194,250
Noncontrolling interest	157,020	147,593
Total equity	5,277,279	5,341,843
Total liabilities and equity	$ 9,820,323	$ 9,667,479