Murphy oil corporation (MUR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Revenues and other income
Revenue from Contract with Customer, Excluding Assessed Tax

600,558

791,295

750,337

646,114

629,354

507,946

475,458

426,767

396,329

-197,323

511,192

477,560

509,035

536,304

486,276

411,217

429,094

653,756

665,589

718,621

749,150

1,218,813

1,431,007

1,357,905

1,281,208

1,331,724

1,366,434

1,315,600

1,298,928

-12,147,382

2,655,356

7,146,728

6,953,861

-16,622,456

7,194,393

7,384,574

6,266,009

4,061,001

5,210,807

5,592,353

5,228,675

3,686,353

5,202,198

4,495,994

3,416,427

8,184,752

8,249,207

Gain (Loss) on Derivative Instruments, Net, Pretax

400,672

-122,019

63,247

57,916

0

27,374

-2,223

-37,624

-29,502

-40,799

-13,573

26,861

37,077

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of assets and other income

2,498

3,094

3,493

5,019

1,192

1,227

17,276

437

7,963

-1,128

700

3,858

130,528

8,658

-730

3,809

22

-28

60

18,246

135,877

144,033

-133

-5,016

19

-

-38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

1,003,700

672,500

817,100

709,000

630,500

536,510

490,500

389,600

374,790

-239,238

498,319

508,279

676,640

457,935

485,546

437,462

430,295

566,285

714,949

738,290

921,747

1,407,626

1,433,037

1,349,021

1,286,400

1,347,669

1,419,496

1,331,986

1,290,938

-12,141,667

2,646,728

7,157,605

6,956,936

-16,629,136

7,220,220

7,415,925

6,271,673

4,063,725

5,200,334

5,591,931

5,180,160

3,710,051

5,183,757

4,555,846

3,445,552

8,167,492

8,344,218

Costs and expenses
Lease operating expenses

209,148

188,720

147,632

137,132

131,696

100,012

83,751

81,236

88,833

-46,652

112,751

111,179

122,142

124,064

119,663

156,530

159,103

188,570

183,826

227,489

232,421

276,250

265,518

285,865

262,255

405,290

258,524

251,775

337,223

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Severance and ad valorem taxes

9,422

10,987

13,803

13,072

10,097

11,973

15,066

12,876

12,157

10,847

10,816

10,742

11,213

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transportation, gathering and processing

44,367

-

-

-

39,542

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transportation, gathering and processing

-

-

54,305

-

-

-

16,945

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Crude oil and product purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,445,983

5,631,306

5,514,379

-

5,727,873

5,948,971

4,956,376

3,128,695

3,990,497

4,253,167

3,978,959

2,598,017

4,092,713

3,574,531

2,556,044

6,495,942

6,660,439

Operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

340,813

532,374

488,485

-452,426

512,511

485,276

464,760

287,846

437,926

460,244

465,607

192,787

421,621

373,889

362,361

433,160

423,524

Exploration expenses, including undeveloped lease amortization

20,126

19,535

12,358

30,674

32,538

32,462

21,723

18,889

28,738

43,033

28,492

20,201

28,663

17,951

19,866

37,128

26,916

219,082

58,149

64,959

128,734

122,889

117,433

134,812

138,466

157,105

147,845

88,772

108,493

137,210

94,063

96,724

52,927

185,029

85,505

122,538

96,274

94,586

62,046

53,093

66,364

81,222

37,899

34,946

111,105

83,440

60,400

Selling and general expenses

36,772

56,478

55,366

57,532

63,360

40,118

60,683

56,295

48,096

51,953

51,374

52,809

51,255

50,134

55,523

67,113

73,507

68,729

71,791

79,176

86,967

94,018

82,960

95,000

92,026

111,463

99,333

86,904

81,467

7,611

66,143

87,619

88,159

-11,232

72,858

77,532

69,661

58,597

63,892

68,851

65,131

37,230

56,712

61,602

56,832

56,289

55,374

Depreciation, depletion and amortization

306,102

328,530

325,562

264,302

229,406

204,603

197,503

190,751

182,743

37,118

243,636

234,992

236,154

256,793

255,900

255,239

286,149

301,701

433,706

403,390

481,027

551,854

499,151

458,993

396,249

414,201

394,667

381,384

363,142

299,430

311,255

309,822

332,588

172,923

271,270

256,785

263,747

238,594

272,621

288,212

292,680

233,262

245,539

197,429

194,769

164,551

155,320

Accretion of asset retirement obligations

9,966

10,676

10,587

9,897

9,340

7,866

6,466

6,396

6,372

-6,338

10,654

10,428

10,556

11,228

11,043

12,346

12,125

13,228

11,918

11,750

11,769

13,786

12,600

12,327

12,065

12,600

12,539

11,961

11,896

9,554

9,760

9,601

9,446

6,065

8,638

9,657

9,487

6,019

8,104

7,844

7,613

7,020

6,717

6,164

6,253

5,346

5,128

Impairment of assets

967,530

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

95,088

-

2,300,974

-

-

-

-

-

-

-

-

21,587

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense (benefit)

-

-

-

-

-

-

-

-

-

11,341

2,454

6,377

2,157

-21,862

9,592

13,439

12,637

306,536

14,265

19,043

20,791

23,422

28,574

28,893

26,326

29,541

22,393

20,334

15,063

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other (benefit) expense

45,188

-

29,000

-25,437

-30,005

-

34,386

-658

11,045

-

-

-

-

-

-6,486

-

-

-

-

-

-

-

-

-

814

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total costs and expenses

1,558,245

709,117

590,613

538,046

545,984

485,068

367,751

367,101

355,894

101,262

460,177

446,728

462,140

458,010

478,073

568,729

695,329

1,187,145

3,122,966

848,381

1,039,475

1,190,622

1,036,545

1,044,428

952,219

1,152,821

955,825

877,832

930,924

-12,178,773

2,269,497

6,669,568

6,491,300

-16,353,662

6,693,509

6,910,720

5,860,240

3,821,910

4,847,620

5,146,954

4,894,014

3,215,077

4,870,978

4,284,709

3,289,029

7,248,058

7,375,741

Operating (loss) income from continuing operations

-554,517

-36,736

226,464

171,003

84,562

51,452

122,760

22,479

18,896

-340,512

38,142

61,551

214,500

-

7,473

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (loss)
Gain (loss) on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-120

35

90

-49

60

23,079

53

-113

208

113

676

-27

151

3,570

15

336

91,860

Interest and other income (loss)

241

-4,366

-4,418

-8,968

-4,748

8,513

-4,583

-717

4,587

28,045

-53,019

-38,305

-15,021

5,356

14,987

22,436

1,179

4,366

49,300

1,423

36,720

49,796

2,163

-8,884

5,173

15,994

53,100

16,386

-7,990

5,654

-8,508

10,842

2,985

-6,631

25,767

8,272

5,611

2,837

-10,681

-535

-49,191

23,702

-18,592

56,282

29,110

-17,596

3,151

Redetermination of Terra Nova working interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-5,351

33,935

-4,491

-5,346

-5,516

-

1,301

35,091

-

0

0

Interest expense, net

41,097

74,205

44,930

54,096

46,069

47,325

44,209

44,325

44,541

39,877

48,681

45,145

44,597

41,832

39,219

35,058

32,061

25,430

32,009

30,466

29,470

34,799

34,970

33,769

32,886

34,267

33,535

29,593

27,028

17,827

12,941

11,598

11,739

14,183

17,329

12,600

11,719

11,719

12,751

13,893

14,809

15,222

12,611

13,184

11,988

16,622

21,551

Interest capitalized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

608

1,841

-

1,864

1,823

1,385

1,361

5,323

5,053

8,868

11,646

13,011

14,478

13,388

11,813

11,461

9,476

6,423

3,584

2,475

2,639

6,433

7,375

4,708

3,696

2,665

-2,029

-4,135

-12,127

-10,323

-7,292

5,995

Total other loss

-40,856

-78,566

-49,348

-63,064

-50,817

-38,797

-48,792

-45,042

-39,954

-11,797

-101,700

-83,450

-59,618

-87,912

-24,232

7,516

416

56,238

-18,192

-13,931

-49,681

-

-662

178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income from continuing operations before income taxes

-595,373

-115,300

177,116

107,939

33,745

12,653

73,968

-22,563

-21,058

-352,309

-63,558

-21,899

154,882

-80,055

-16,759

-131,267

-265,034

-646,426

-2,408,017

-110,091

-117,728

217,004

396,492

304,593

334,181

194,848

463,671

454,154

360,014

37,106

377,231

488,037

465,636

-275,474

526,711

505,205

411,433

241,815

352,714

444,977

286,146

494,974

312,779

271,137

156,523

919,434

968,477

Income tax (benefit) expense

-91,533

-24,019

18,782

9,115

10,822

-34,920

17,837

2,622

-111,639

174,498

2,760

-4,545

97,387

-17,275

-2,176

-134,172

-65,549

-63,192

-820,935

-21,105

-121,258

-224,958

125,435

161,925

164,895

14,361

198,593

194,265

177,331

15,036

165,551

196,731

184,198

51,096

179,401

225,189

172,991

111,352

155,277

172,688

137,255

202,081

123,902

110,293

85,283

334,417

349,961

(Loss) income from continuing operations

-503,840

-91,281

158,334

98,824

22,923

47,573

56,131

-25,185

90,581

-526,838

-66,318

-17,354

57,495

-62,780

-14,583

2,905

-199,485

-583,234

-1,587,082

-88,986

3,530

441,962

271,057

142,668

169,286

180,487

265,078

259,889

182,683

22,070

211,680

291,306

281,438

-326,570

347,310

280,016

238,442

-

197,437

-

-

292,893

188,877

160,844

71,240

585,017

618,516

(Loss) income from discontinued operations, net of income taxes

-4,862

36,855

953,368

24,418

49,846

64,160

37,812

70,704

77,672

240,049

425

-217

969

-1,142

-1,593

25

683

-3,898

-8,344

15,152

-17,971

-66,723

-25,350

-13,256

-14,033

-105,066

19,731

142,755

177,916

136,617

15,001

4,131

8,633

212,642

58,804

31,597

30,461

-

5,395

-

-

25,977

0

-2,074

99,864

-595

688

Net (loss) income including noncontrolling interest

-508,700

-54,400

1,111,700

123,200

72,800

111,847

93,900

45,500

168,253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Net (loss) income attributable to noncontrolling interest

-92,598

17,313

22,700

30,970

32,587

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-416,104

-71,756

1,089,002

92,272

40,182

103,385

93,943

45,519

168,253

-286,789

-65,893

-17,571

58,464

-63,922

-16,176

2,930

-198,802

-587,132

-1,595,426

-73,834

-14,441

375,239

245,707

129,412

155,253

75,421

284,809

402,644

360,599

158,687

226,681

295,437

290,071

-113,928

406,114

311,613

268,903

174,069

202,832

272,289

148,891

318,870

188,877

158,770

171,104

584,422

619,204

(LOSS) INCOME PER COMMON SHARE – BASIC
Continuing operations (in USD per share)

-2.68

-0.67

0.85

0.40

-0.06

0.22

0.32

-0.14

0.52

-3.06

-0.38

-0.10

0.33

-0.37

-0.08

0.02

-1.16

-3.23

-9.22

-0.51

0.02

2.47

1.52

0.80

0.94

0.97

1.42

1.38

0.96

0.12

1.09

1.50

1.45

-1.69

1.80

1.45

1.23

-

1.03

-

-

1.54

0.99

0.84

0.37

3.08

3.26

Discontinued operations (in USD per share)

-0.03

0.11

5.94

0.15

0.29

0.38

0.22

0.41

0.45

1.39

0.00

0.00

0.01

-

-0.01

-

-

-0.04

-0.04

0.09

-0.10

-0.37

-0.14

-0.08

-0.08

-0.53

0.10

0.75

0.93

0.70

0.08

0.02

0.05

1.10

0.30

0.16

0.16

-

0.03

-

-

0.14

-0.01

-0.01

0.53

0.00

0.01

Net (loss) income (in USD per share)

-2.71

-0.56

6.79

0.55

0.23

0.60

0.54

0.27

0.97

-1.67

-0.38

-0.10

0.34

-0.37

-0.09

0.02

-1.16

-3.27

-9.26

-0.42

-0.08

2.10

1.38

0.72

0.86

0.44

1.52

2.13

1.89

0.82

1.17

1.52

1.50

-0.59

2.10

1.61

1.39

0.90

1.06

1.42

0.78

1.67

0.99

0.83

0.90

3.08

3.27

(LOSS) INCOME PER COMMON SHARE – DILUTED
Continuing operations (in USD per share)

-2.68

-0.66

0.84

0.40

-0.06

0.23

0.32

-0.15

0.52

-3.06

-0.38

-0.10

0.33

-0.37

-0.08

0.02

-1.16

-3.23

-9.22

-0.51

0.02

2.46

1.51

0.79

0.93

0.96

1.41

1.37

0.95

0.12

1.08

1.50

1.44

-1.68

1.79

1.44

1.22

-

1.02

-

-

1.52

0.98

0.84

0.37

3.04

3.22

Discontinued operations (in USD per share)

-0.03

0.11

5.92

0.14

0.29

0.38

0.22

0.40

0.44

1.39

0.00

0.00

0.01

-

-0.01

-

-

-0.04

-0.04

0.09

-0.10

-0.37

-0.14

-0.07

-0.08

-0.53

0.10

0.75

0.93

0.70

0.08

0.02

0.05

1.10

0.30

0.16

0.16

-

0.03

-

-

0.13

0.00

-0.01

0.52

0.00

0.00

Net (loss) income (in USD per share)

-2.71

-0.55

6.76

0.54

0.23

0.61

0.54

0.25

0.96

-1.67

-0.38

-0.10

0.34

-0.37

-0.09

0.02

-1.16

-3.27

-9.26

-0.42

-0.08

2.09

1.37

0.72

0.85

0.43

1.51

2.12

1.88

0.82

1.16

1.52

1.49

-0.58

2.09

1.60

1.38

0.90

1.05

1.41

0.77

1.65

0.98

0.83

0.89

3.04

3.22

Cash dividends per Common share (in USD per share)

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

-

0.25

0.35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Average Common shares outstanding (thousands)
Basic (in shares)

153,312

153,724

160,365

168,537

173,341

173,003

173,047

173,042

172,805

172,542

172,572

172,557

172,422

172,181

172,199

172,196

172,114

172,976

172,205

174,488

177,734

178,008

177,535

178,500

181,367

184,933

186,938

189,002

190,810

193,188

194,290

194,208

193,922

193,546

193,517

193,481

193,092

192,572

191,943

191,585

191,219

190,964

190,811

190,746

190,545

189,787

189,564

Diluted (in shares)

153,312

154,505

160,980

169,272

174,491

174,057

174,175

173,982

174,619

171,876

172,572

172,557

173,088

171,578

172,199

172,799

172,114

172,469

172,205

174,488

178,241

178,806

178,856

180,045

182,576

187,037

188,337

189,944

191,765

193,886

195,057

194,846

194,884

194,124

194,411

194,916

194,597

193,094

193,437

193,169

192,929

192,569

192,641

192,380

192,281

192,243

192,263