Earnings per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

Net income attributable to Murphy was used as the numerator in computing both basic and diluted income per Common share for the three-month and six-month periods ended June 30, 2019 and 2018.  The following table reconciles the weighted-average shares outstanding used for these computations.

	Three Months Ended June 30,		Six Months Ended June 30,
(Weighted-average shares)	2019	2018	2019	2018
Basic method	168,537,896	173,042,626	170,555,685	172,907,537
Dilutive stock options and restricted stock units	734,567	939,994	877,007	2,019,525
Diluted method	169,272,463	173,982,620	171,432,692	174,927,062

The following table reflects certain options to purchase shares of common stock that were outstanding during the periods presented but were not included in the computation of diluted shares above because the incremental shares from the assumed conversion were antidilutive.

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Antidilutive stock options excluded from diluted shares	2,927,469		3,396,951		3,066,166		3,622,106
Weighted average price of these options	$	45.38	$	50.22	$	45.66	$	50.56