Earnings Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Note J – Earnings Per Share

Net loss 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, 2022 and 2021.  The following table reports the weighted-average shares outstanding used for these computations.

	Three Months Ended June 30,		Six Months Ended June 30,
(Weighted-average shares)	2022	2021	2022	2021
Basic method	155,388,555	154,394,602	155,121,098	154,153,158
Dilutive stock options and restricted stock units	2,066,575	—	2,730,624	—
Diluted method	157,455,130	154,394,602	157,851,722	154,153,158

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,
	2022		2021		2022		2021
Antidilutive stock options excluded from diluted shares	—		1,379,481		234,000		1,592,812
Weighted average price of these options	$	—	$	33.79	$	49.65	$	35.07