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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
[1]
Dec. 31, 2017
Revenues and other income      
Revenue from sales to customers $ 2,817,111,000 $ 1,806,473,000 $ 1,300,464,000 [1]
(Loss) gain on crude contracts (856,000) (41,975,000) 9,566,000 [1]
Gain on sale of assets and other income 12,798,000 26,903,000 133,958,000 [1]
Total revenues and other income 2,829,053,000 1,791,401,000 1,443,988,000 [1]
Costs and expenses      
Lease operating expenses 605,180,000 353,832,000 299,420,000 [1]
Severance and ad valorem taxes 47,959,000 52,072,000 43,618,000 [1]
Transportation, gathering and processing 176,315,000 75,043,000 0 [1]
Exploration expenses, including undeveloped lease amortization 95,105,000 101,812,000 120,389,000 [1]
Selling and general expenses 232,736,000 205,192,000 207,391,000 [1]
Depreciation, depletion and amortization 1,147,842,000 775,614,000 [2] 751,878,000 [1],[2]
Accretion of asset retirement obligations 40,506,000 27,119,000 [2] 25,282,000 [1],[2]
Impairment of assets 0 20,000,000 [2] 0 [1],[2]
Other expense (benefit) 38,117,000 (34,870,000) 22,329,000 [1]
Total costs and expenses 2,383,760,000 1,575,814,000 1,470,307,000 [1]
Operating income (loss) from continuing operations 445,293,000 215,587,000 (26,319,000) [1]
Other income (loss)      
Interest and other income (loss) (22,520,000) 7,774,000 (78,302,000) [1]
Interest expense, net (219,275,000) (180,359,000) (178,263,000) [1]
Total other loss (241,795,000) (172,585,000) (256,565,000) [1]
Income (loss) from continuing operations before income taxes 203,498,000 43,002,000 (282,884,000) [1]
Income tax expense (benefit) 14,683,000 (126,136,000) 270,131,000 [1]
Income (loss) from continuing operations 188,815,000 169,138,000 (553,015,000) [1]
Income from discontinued operations, net of income taxes 1,064,487,000 250,348,000 [2] 241,226,000 [1],[2]
Net income (loss) including noncontrolling interest 1,253,302,000 419,486,000 [2] (311,789,000) [1],[2]
Less: Net income attributable to noncontrolling interest 103,570,000 8,392,000 0 [1]
NET INCOME (LOSS) ATTRIBUTABLE TO MURPHY $ 1,149,732,000 $ 411,094,000 $ (311,789,000) [1]
INCOME (LOSS) PER COMMON SHARE – BASIC      
Continuing operations (in USD per share) $ 0.52 $ 0.92 $ (3.21) [1]
Discontinued operations (in USD per share) 6.49 1.46 1.40 [1]
Net Income (in USD per share) 7.01 2.38 (1.81) [1]
INCOME (LOSS) PER COMMON SHARE – DILUTED      
Continuing operations (in USD per share) 0.52 0.92 (3.21) [1]
Discontinued operations (in USD per share) 6.46 1.44 1.40 [1]
Net income (loss) (in USD per share) 6.98 2.36 (1.81) [1]
Cash dividends per Common share (in USD per share) $ 1.00 $ 1.00 $ 1.00 [1]
Average Common shares outstanding (thousands)      
Basic (in shares) 163,992,427 172,974,491 172,524,061 [1]
Diluted (in shares) 164,812,428 174,208,765 172,524,061 [1]
Previous Accounting Guidance      
Costs and expenses      
Transportation, gathering and processing     $ 58,900,000
[1]
1 Reclassified to conform with current presentation (see Notes C and E). 2017 revenue is presented net of $58.9 million of transportation, gathering and processing costs as historically shown prior to the adoption of ASC 606 on January 1, 2018. See Notes to Consolidated Financial Statements, page 58.
[2] Reclassified to conform with current presentation (see Note E)