CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Revenues and other income
Total revenue from sales to customers	$ 683,065,000	$ 801,007,000	$ 1,355,795,000	$ 1,595,855,000
Gain on derivative instruments	10,808,000	0	1,349,000	0
Gain on sale of assets and other operating income	1,697,000	1,764,000	4,137,000	3,328,000
Total revenues and other income	695,570,000	802,771,000	1,361,281,000	1,599,183,000
Costs and expenses
Lease operating expenses	215,554,000	259,628,000	420,633,000	493,892,000
Severance and ad valorem taxes	10,828,000	10,417,000	19,478,000	20,503,000
Transportation, gathering and processing	54,070,000	53,470,000	102,921,000	110,023,000
Costs of purchased natural gas	0	2,987,000	0	3,147,000
Exploration expenses, including undeveloped lease amortization	10,399,000	42,677,000	24,887,000	87,106,000
Selling and general expenses	36,919,000	22,893,000	67,834,000	54,054,000
Depreciation, depletion and amortization	259,324,000	215,543,000	453,484,000	426,677,000
Accretion of asset retirement obligations	14,432,000	13,053,000	28,477,000	25,827,000
Impairment of assets	0	0	0	34,528,000
Other operating expense (income)	1,833,000	(2,219,000)	7,462,000	5,047,000
Total costs and expenses	603,359,000	618,449,000	1,125,176,000	1,260,804,000
Operating income from continuing operations	92,211,000	184,322,000	236,105,000	338,379,000
Other income (loss)
Other income (loss)	(32,304,000)	26,245,000	(29,902,000)	37,796,000
Interest expense, net	(25,053,000)	(20,986,000)	(48,576,000)	(41,007,000)
Total other income (loss)	(57,357,000)	5,259,000	(78,478,000)	(3,211,000)
Income from continuing operations before income taxes	34,854,000	189,581,000	157,627,000	335,168,000
Income tax expense	1,032,000	32,676,000	33,754,000	62,733,000
Income from continuing operations	33,822,000	156,905,000	123,873,000	272,435,000
Income (loss) from discontinued operations, net of income taxes	1,302,000	(643,000)	669,000	(1,515,000)
Net income including noncontrolling interest	35,124,000	156,262,000	124,542,000	270,920,000
Less: Net income attributable to noncontrolling interest	12,844,000	28,523,000	29,226,000	53,179,000
NET INCOME ATTRIBUTABLE TO MURPHY	$ 22,280,000	$ 127,739,000	$ 95,316,000	$ 217,741,000
NET INCOME (LOSS) PER COMMON SHARE – BASIC
Continuing operations (in USD per share)	$ 0.15	$ 0.84	$ 0.66	$ 1.44
Discontinued operations (in USD per share)	0.01	0	0	(0.01)
Net income (in USD per share)	0.16	0.84	0.66	1.43
NET INCOME (LOSS) PER COMMON SHARE – DILUTED
Continuing operations (in USD per share)	0.15	0.83	0.66	1.43
Discontinued operations (in USD per share)	0.01	0	0	(0.01)
Net income (in USD per share)	0.16	0.83	0.66	1.42
Cash dividends per common share (in USD per share)	$ 0.325	$ 0.300	$ 0.650	$ 0.600
Average common shares outstanding (thousands)
Basic (in shares)	142,720,904	152,153,401	143,502,425	152,408,912
Diluted (in shares)	143,215,614	153,143,584	144,143,851	153,479,678
Revenue from production
Revenues and other income
Total revenue from sales to customers	$ 683,065,000	$ 797,510,000	$ 1,355,795,000	$ 1,592,113,000
Sales of purchased natural gas
Revenues and other income
Total revenue from sales to customers	$ 0	$ 3,497,000	$ 0	$ 3,742,000

MURPHY OIL CORP 10-Q