XML 35 R23.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Common Stock Issued and Outstanding | 3 Months Ended
--- | ---
Mar. 31, 2024
Equity [Abstract] |
Common Stock Disclosure | Note O – Common Stock Issued and Outstanding Activity in the number of shares of common stock issued and outstanding for the three-month periods ended March 31, 2024 and 2023 is shown below.
(Number of shares outstanding) | March 31, 2024 |  | March 31, 2023 |  |
Beginning of period | 152,748,642 |  |  | 155,467,319 |  |  |
Restricted stock awards 1 | 1,100,759 |  |  | 630,756 |  |  |
Treasury shares purchased | (1,273,245) |  |  | – |  |  |
End of period | 152,576,156 |  |  | 156,098,075 |  |  |
1 Shares issued upon exercise of stock options and award of restricted stock are less withholding for statutory income taxes owed upon issuance of shares. On August 4, 2022, the Company’s Board of Directors authorized a share repurchase program of up to $300 million of the Company’s common stock. On October 30, 2023, the Company authorized an increase to the share repurchase program by an additional $300 million, bringing the total amount allowed to be repurchased under the program to $600 million. This repurchase program has no time limit and may be suspended or discontinued completely at any time without prior notice as determined by the Company at its discretion and dependent upon a variety of factors. The share repurchase program is a component of the Company’s capital allocation framework, the details of which can be found as part of the Company’s Form 8-K filed on August 4, 2022. During the three months ended March 31, 2024, the Company repurchased 1.3 million shares of its common stock under the share repurchase program for $50.0 million, including excise taxes, commissions and fees. As of March 31, 2024, the Company has $400 million of its common stock remaining available to repurchase under the program.

X
- Definition Common Stock Disclosure. + References No definition available. + Details
Name: | mur_CommonStockDisclosureTextBlock
Namespace Prefix: | mur_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration