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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues and other income      
Total revenue from sales to customers $ 4,220,140 $ 2,801,215 $ 1,751,709
(Loss) Gain on derivative instruments (320,410) (525,850) 202,661
Gain on sale of assets and other income 32,932 23,916 12,971
Total revenues and other income 3,932,662 2,299,281 1,967,341
Costs and expenses      
Lease operating expenses 679,342 539,546 600,076
Severance and ad valorem taxes 57,012 41,212 28,526
Transportation, gathering and processing 212,711 187,028 172,399
Costs of purchased natural gas 171,991 0 0
Exploration expenses, including undeveloped lease amortization 133,197 69,044 86,479
Selling and general expenses 131,121 121,950 140,243
Restructuring expenses 0 0 49,994
Depreciation, depletion and amortization 776,817 795,105 987,239
Accretion of asset retirement obligations 46,243 46,613 42,136
Impairment of assets 0 196,296 1,206,284
Other operating expense 137,518 21,052 16,274
Total costs and expenses 2,345,952 2,017,846 3,329,650
Operating income (loss) from continuing operations 1,586,710 281,435 (1,362,309)
Other income (loss)      
Other income (expense) 14,310 (16,771) (17,303)
Interest expense, net (150,759) (221,773) (169,423)
Total other loss (136,449) (238,544) (186,726)
Income (Loss) from continuing operations before income taxes 1,450,261 42,891 (1,549,035)
Income tax expense (benefit) 309,464 (5,862) (293,741)
Income (Loss) from continuing operations 1,140,797 48,753 (1,255,294)
Loss from discontinued operations, net of income taxes (2,078) (1,225) (7,151)
Net income (loss) including noncontrolling interest 1,138,719 47,528 (1,262,445)
Less: Net income (loss) attributable to noncontrolling interest 173,672 121,192 (113,668)
NET INCOME (LOSS) ATTRIBUTABLE TO MURPHY $ 965,047 $ (73,664) $ (1,148,777)
INCOME (LOSS) PER COMMON SHARE – BASIC      
Continuing operations (in USD per share) $ 6.23 $ (0.47) $ (7.43)
Discontinued operations (in USD per share) (0.01) (0.01) (0.05)
Net Income (loss) (in USD per share) 6.22 (0.48) (7.48)
INCOME (LOSS) PER COMMON SHARE – DILUTED      
Continuing operations (in USD per share) 6.14 (0.47) (7.43)
Discontinued operations (in USD per share) (0.01) (0.01) (0.05)
Net income (loss) (in USD per share) 6.13 (0.48) (7.48)
Cash dividends per Common share (in USD per share) $ 0.825 $ 0.500 $ 0.625
Average Common shares outstanding (thousands)      
Basic (in shares) 155,276,533 154,290,741 153,507,109
Diluted (in shares) 157,474,838 154,290,741 153,507,109
Revenue from production      
Revenues and other income      
Total revenue from sales to customers $ 4,038,451 $ 2,801,215 $ 1,751,709
Sales of purchased natural gas      
Revenues and other income      
Total revenue from sales to customers $ 181,689 $ 0 $ 0