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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues and other income      
Total revenue from sales to customers $ 2,689,845,000 $ 3,018,598,000 $ 3,448,854,000
Gain (loss) on derivative instruments 5,927,000 (1,707,000) 0
Gain on sale of assets and other operating income 23,051,000 11,583,000 11,293,000
Total revenues and other income 2,718,823,000 3,028,474,000 3,460,147,000
Costs and expenses      
Lease operating expenses 765,240,000 936,960,000 784,391,000
Severance and ad valorem taxes 39,238,000 39,162,000 42,787,000
Transportation, gathering and processing 199,693,000 210,827,000 232,985,000
Costs of purchased natural gas 0 3,147,000 51,682,000
Exploration expenses, including undeveloped lease amortization 111,670,000 133,538,000 234,776,000
Selling and general expenses 137,332,000 110,085,000 117,306,000
Depreciation, depletion and amortization 977,753,000 865,753,000 861,602,000
Accretion of asset retirement obligations 57,730,000 52,511,000 46,059,000
Impairment of assets 115,002,000 62,909,000 0
Other operating expense 13,928,000 10,989,000 46,530,000
Total costs and expenses 2,417,586,000 2,425,881,000 2,418,118,000
Operating income from continuing operations 301,237,000 602,593,000 1,042,029,000
Other income (loss)      
Other income (loss) (22,299,000) 70,902,000 (8,587,000)
Interest expense, net (96,072,000) (105,926,000) (112,373,000)
Total other loss (118,371,000) (35,024,000) (120,960,000)
Income from continuing operations before income taxes 182,866,000 567,569,000 921,069,000
Income tax expense 44,552,000 78,272,000 195,921,000
Income from continuing operations 138,314,000 489,297,000 725,148,000
Income (loss) from discontinued operations, net of income taxes 485,000 (2,812,000) (1,467,000)
Net income including noncontrolling interest 138,799,000 486,485,000 723,681,000
Less: Net income attributable to noncontrolling interest 34,565,000 79,314,000 62,122,000
NET INCOME ATTRIBUTABLE TO MURPHY $ 104,234,000 $ 407,171,000 $ 661,559,000
NET INCOME (LOSS) PER COMMON SHARE – BASIC      
Continuing operations (in USD per share) $ 0.73 $ 2.73 $ 4.27
Discontinued operations (in USD per share) 0 (0.02) (0.01)
Net income (in USD per share) 0.73 2.71 4.26
NET INCOME (LOSS) PER COMMON SHARE – DILUTED      
Continuing operations (in USD per share) 0.72 2.72 4.23
Discontinued operations (in USD per share) 0 (0.02) (0.01)
Net income (in USD per share) 0.72 2.70 4.22
Cash dividends per Common share (in USD per share) $ 1.300 $ 1.200 $ 1.100
Average common shares outstanding (thousands)      
Basic (in shares) 143,124,118 150,011,458 155,233,560
Diluted (in shares) 144,025,322 151,027,352 156,646,429
Revenue from production      
Revenues and other income      
Total revenue from sales to customers $ 2,689,845,000 $ 3,014,856,000 $ 3,376,639,000
Sales of purchased natural gas      
Revenues and other income      
Total revenue from sales to customers $ 0 $ 3,742,000 $ 72,215,000