Earnings Per Share

9 Months Ended

Sep. 30, 2023

Note J – 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 nine-month periods ended September 30, 2023 and 2022. The following table reports the weighted-average shares outstanding used for these computations.


	Three Months Ended September 30,		Nine Months Ended September 30,
(Weighted-average shares)	2023	2022	2023	2022
Basic method	155,453,897	155,446,201	155,749,486	155,220,945
Dilutive stock options and restricted stock units ¹	1,375,511	1,889,972	1,385,859	2,185,957
Diluted method	156,829,408	157,336,173	157,135,345	157,406,902

1 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 September 30,			Nine Months Ended September 30,
		2023		2022		2023		2022
Antidilutive stock options excluded from diluted shares		–		1,316,222		–		163,800
Weighted average price of these options		$	–	$	34.42	$	–	$	49.65