CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 425,960	$ 423,569
Accounts receivable, net	283,744	272,530
Inventories	62,147	54,858
Prepaid expenses	35,629	34,322
Total current assets	807,480	785,279
Property, plant and equipment, at cost less accumulated depreciation, depletion and amortization of $14,762,292 in 2025 and $13,811,539 in 2024	8,085,731	8,054,653
Operating lease assets	781,291	777,536
Deferred charges and other assets	58,260	50,011
Total assets	9,732,762	9,667,479
Current liabilities
Current maturities of long-term debt, finance lease	918	871
Accounts payable	429,658	472,165
Income taxes payable	20,987	19,003
Other taxes payable	31,573	31,685
Operating lease liabilities	210,769	253,208
Other accrued liabilities	117,965	117,802
Current asset retirement obligations	45,876	48,080
Total current liabilities	857,746	942,814
Long-term debt, including finance lease obligation	1,425,235	1,274,502
Asset retirement obligations	1,001,919	960,804
Deferred credits and other liabilities	249,521	274,345
Non-current operating lease liabilities	582,082	537,381
Deferred income taxes	366,607	335,790
Total liabilities	4,483,110	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 at September 30, 2025 and 195,100,628 shares at December 31, 2024	195,101	195,101
Capital in excess of par value	850,964	848,950
Retained earnings	6,725,833	6,773,289
Accumulated other comprehensive loss	(574,931)	(628,072)
Treasury stock	(2,075,580)	(1,995,018)
Murphy Shareholders' Equity	5,121,387	5,194,250
Noncontrolling interest	128,265	147,593
Total equity	5,249,652	5,341,843
Total liabilities and equity	$ 9,732,762	$ 9,667,479