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Business Segments | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Business Segments | Note T – Business Segments Murphy’s reportable segments are organized into geographic areas of operations. The Company’s exploration and production activity is subdivided into segments for the United States, Canada and all other countries. Each of these segments derives revenues primarily from the sale of crude oil, condensate, natural gas liquids and/or natural gas. The Company’s management evaluates segment performance based on income (loss) from operations, excluding interest income and interest expense. Customers that accounted for 10% or more of the Company’s sales revenue for each of the below three years ended December 31, are shown below.
| 2022 |  | 2021 |  | 2020
Chevron Corporation | 19 | % |  | 30 | % |  | 24 | %
ExxonMobil Corporation | 12 | % |  | N/A |  | N/A
Phillips 66 | N/A |  | N/A |  | 18 | %
Due to the quantity of active oil and natural gas purchasers in the markets where it produces hydrocarbons, the Company does not foresee any difficulty with selling its hydrocarbon production at fair market prices. No assets were held for sale as of December 31, 2022. Assets held for sale as of December 31, 2021 include the net property, plant and equipment of the Brunei Block CA-2 and the Company’s office building in El Dorado, Arkansas (see Note E). The U.K. and Malaysian operations have been reported as discontinued operations for all periods presented in these consolidated financial statements. Information about business segments and geographic operations is reported in the following tables. For geographic purposes, revenues are attributed to the country in which the sale occurs. Corporate and other activities, including interest income, other gains and losses (including foreign exchange gains/losses and realized/unrealized gains/losses on crude oil contracts), interest expense and unallocated overhead, are shown in the tables to reconcile the business segments to consolidated totals.
| Exploration and Production |  |  |  |  |  |
(Millions of dollars) | United States 1 |  | Canada |  | Other |  | Total E&P |  | Corporate and Other |  | Discontinued Operations |  | Consolidated Total
Year ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
Segment income (loss) - including NCI 1 | $ | 1,521.9 |  |  | $ | 134.2 |  |  | $ | (77.0) |  |  | $ | 1,579.1 |  |  | $ | (438.3) |  |  | $ | (2.1) |  |  | $ | 1,138.7 |
Revenues from external customers | 3,461.2 |  |  | 762.9 |  |  | 23.0 |  |  | 4,247.1 |  |  | (314.4) |  |  | — |  |  | 3,932.7 |
Interest and other income (loss) | (6.6) |  |  | (1.9) |  |  | (0.5) |  |  | (9.0) |  |  | 23.3 |  |  | — |  |  | 14.3 |
Interest expense, net of capitalization | (0.1) |  |  | — |  |  | (0.3) |  |  | (0.4) |  |  | (150.4) |  |  | — |  |  | (150.8) |
Income tax expense (benefit) | 370.8 |  |  | 43.6 |  |  | 2.9 |  |  | 417.3 |  |  | (107.8) |  |  | — |  |  | 309.5 |
Significant noncash charges (credits) |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 617.0 |  |  | 141.5 |  |  | 5.4 |  |  | 763.9 |  |  | 12.9 |  |  | — |  |  | 776.8 |
Accretion of asset retirement obligations | 36.5 |  |  | 9.6 |  |  | 0.1 |  |  | 46.2 |  |  | — |  |  | — |  |  | 46.2 |
Amortization of undeveloped leases | 8.7 |  |  | 0.2 |  |  | 4.4 |  |  | 13.3 |  |  | — |  |  | — |  |  | 13.3 |
Deferred and noncurrent income taxes | 362.7 |  |  | 34.8 |  |  | 0.6 |  |  | 398.1 |  |  | (112.0) |  |  | — |  |  | 286.1 |
Additions to property, plant, equipment | 838.6 |  |  | 208.5 |  |  | (5.7) |  |  | 1,041.4 |  |  | 21.9 |  |  | — |  |  | 1,063.3 |
Total assets at year-end | 6,930.6 |  |  | 2,125.6 |  |  | 217.4 |  |  | 9,273.6 |  |  | 1,034.6 |  |  | 0.8 |  |  | 10,309.0 |
Year ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Segment income (loss) - including NCI 1 | $ | 766.3 |  |  | (16.1) |  |  | (33.5) |  |  | 716.7 |  |  | $ | (668.0) |  |  | (1.2) |  |  | 47.5 |
Revenues from external customers | 2,337.5 |  |  | 476.3 |  |  | 4.9 |  |  | 2,818.7 |  |  | (519.4) |  |  | — |  |  | 2,299.3 |
Interest and other income (loss) | (11.6) |  |  | (1.9) |  |  | 3.2 |  |  | (10.3) |  |  | (6.5) |  |  | — |  |  | (16.8) |
Interest expense, net of capitalization | — |  |  | — |  |  | (0.2) |  |  | (0.2) |  |  | (221.6) |  |  | — |  |  | (221.8) |
Income tax expense (benefit) | 183.9 |  |  | (1.7) |  |  | (9.5) |  |  | 172.7 |  |  | (178.6) |  |  | — |  |  | (5.9) |
Significant noncash charges (credits) |  |  |  |  |  |  |  |  |  |  |  |  |
Impairment of assets | — |  |  | 171.3 |  |  | 18.0 |  |  | 189.3 |  |  | 7.0 |  |  | — |  |  | 196.3 |
Depreciation, depletion and amortization | 616.5 |  |  | 163.8 |  |  | 1.8 |  |  | 782.1 |  |  | 13.0 |  |  | — |  |  | 795.1 |
Accretion of asset retirement obligations | 36.9 |  |  | 9.7 |  |  | — |  |  | 46.6 |  |  | — |  |  | — |  |  | 46.6 |
Amortization of undeveloped leases | 11.1 |  |  | 0.2 |  |  | 7.6 |  |  | 18.9 |  |  | — |  |  | — |  |  | 18.9 |
Deferred and noncurrent income taxes | 176.3 |  |  | (1.9) |  |  | (8.0) |  |  | 166.4 |  |  | (170.5) |  |  | — |  |  | (4.1) |
Additions to property, plant, equipment | 519.5 |  |  | 52.7 |  |  | 13.1 |  |  | 585.3 |  |  | — |  |  | — |  |  | 585.3 |
Total assets at year-end | 6,591.6 |  |  | 2,231.9 |  |  | 259.8 |  |  | 9,083.3 |  |  | 1,220.8 |  |  | 0.8 |  |  | 10,304.9 |
| Exploration and Production |  |  |  |  |  |
(Millions of dollars) | United States 1 |  | Canada |  | Other |  | Total E&P |  | Corporate and Other |  | Discontinued Operations |  | Consolidated Total
Year ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Segment income (loss) - including NCI 1 | $ | (1,014.3) |  |  | $ | (35.0) |  |  | $ | (85.6) |  |  | $ | (1,134.9) |  |  | $ | (120.3) |  |  | $ | (7.2) |  |  | $ | (1,262.4) |
Revenues from external customers | 1,411.8 |  |  | 345.8 |  |  | 1.8 |  |  | 1,759.4 |  |  | 207.9 |  |  | — |  |  | 1,967.3 |
Interest and other income (loss) | (9.9) |  |  | 0.8 |  |  | 0.8 |  |  | (8.2) |  |  | (9.1) |  |  | — |  |  | (17.3) |
Interest expense, net of capitalization | — |  |  | (0.5) |  |  | (0.4) |  |  | (0.9) |  |  | (168.5) |  |  | — |  |  | (169.4) |
Income tax expense (benefit) | (244.2) |  |  | (21.4) |  |  | 2.1 |  |  | (263.5) |  |  | (30.2) |  |  | — |  |  | (293.7) |
Significant noncash charges (credits) |  |  |  |  |  |  |  |  |  |  |  |  |
Impairment of assets | 1,152.5 |  |  | — |  |  | 39.7 |  |  | 1,192.2 |  |  | 14.1 |  |  | — |  |  | 1,206.3 |
Depreciation, depletion and amortization | 749.4 |  |  | 213.2 |  |  | 2.3 |  |  | 964.9 |  |  | 22.3 |  |  | — |  |  | 987.2 |
Accretion of asset retirement obligations | 36.6 |  |  | 5.5 |  |  | — |  |  | 42.1 |  |  | — |  |  | — |  |  | 42.1 |
Amortization of undeveloped leases | 17.2 |  |  | 0.4 |  |  | 9.1 |  |  | 26.7 |  |  | — |  |  | — |  |  | 26.7 |
Deferred and noncurrent income taxes | (244.2) |  |  | (10.6) |  |  | 1.9 |  |  | (252.9) |  |  | (25.1) |  |  | — |  |  | (278.0) |
Additions to property, plant, equipment | 623.1 |  |  | 118.3 |  |  | 15.2 |  |  | 756.6 |  |  | — |  |  | — |  |  | 756.6 |
Total assets at year-end | 6,915.5 |  |  | 2,404.1 |  |  | 267.7 |  |  | 9,587.3 |  |  | 1,032.9 |  |  | 0.7 |  |  | 10,620.9 |
1 Includes results attributable to a noncontrolling interest in MP GOM.
Geographic Information | Certain long-lived assets at December 31 1
(Millions of dollars) | United States |  | Canada |  | Other |  | Total
2022 | $ | 6,562.8 |  |  | $ | 1,499.1 |  |  | $ | 166.1 |  |  | $ | 8,228.0 |
2021 | 6,371.4 |  |  | 1,566.9 |  |  | 189.6 |  |  | 8,127.9 |
2020 | 6,395.7 |  |  | 1,702.5 |  |  | 170.8 |  |  | 8,269.0 |
1 Certain long-lived assets at December 31 exclude investments, right-of-use operating lease assets, non-current receivables, deferred tax assets and other intangible assets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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