MURPHY OIL CORP MUR
Murphy Oil Corporation is a global oil and natural gas exploration and production (E&P) company, with both onshore and offshore operations and properties. As used in this report, the terms Murphy, Murphy Oil, we, our, its and Company may refer to Murphy Oil Corporation or any one or more of its consolidated subsidiaries.
The Company was originally incorporated in Louisiana in 1950 as Murphy Corporation. It was reincorporated in Delaware in 1964, at which time it adopted the name Murphy Oil Corporation. In 2013, the United States (U.S.) refining and marketing business was separated from Murphy Oil Corporation's oil and natural gas E&P business. For reporting purposes, Murphy's E&P activities are subdivided into three geographic segments, including the U.S., Canada and all other countries. Additionally, the Corporate segment includes interest income, interest expense, foreign exchange effects, corporate risk management activities and administrative costs not allocated to the E&P segments. The Company's corporate headquarters are located in Houston, Texas.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States Offshore - Net crude oil and condensate revenue
- United States - Onshore - Net crude oil and condensate revenue
- Canada - Onshore - Net natural gas revenue
- Canada - Offshore - Net crude oil and condensate revenue
- United States Offshore - Net natural gas revenue
- Canada - Onshore - Net crude oil and condensate revenue
- United States - Onshore - Net natural gas liquids revenue
- United States - Onshore - Net natural gas revenue
- United States Offshore - Net natural gas liquids revenue
- Other
| Region | FY2025 |
|---|---|
| United States Offshore - Net crude oil and condensate revenue | $1.36B |
| United States - Onshore - Net crude oil and condensate revenue | $617.4M |
| Canada - Onshore - Net natural gas revenue | $275.8M |
| Canada - Offshore - Net crude oil and condensate revenue | $187.0M |
| United States Offshore - Net natural gas revenue | $71.0M |
| Canada - Onshore - Net crude oil and condensate revenue | $61.7M |
| United States - Onshore - Net natural gas liquids revenue | $41.5M |
| United States - Onshore - Net natural gas revenue | $35.5M |
| United States Offshore - Net natural gas liquids revenue | $33.0M |
| Other | $11.3M |
As the company reported it, from the “Revenue from Contracts with Customers - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.69B | $3.02B | $3.45B | $4.22B | $2.80B | $1.75B | $2.82B | $1.81B | $1.30B | $1.86B |
| Cost of revenue | $0 | $3.1M | $51.7M | $172.0M | $0 | $0 | — | — | — | — |
| Gross profit | $2.69B | $3.02B | $3.40B | $4.05B | $2.80B | $1.75B | — | — | — | — |
| SG&A | $137.3M | $110.1M | $117.3M | $131.1M | $122.0M | $140.2M | $232.7M | $205.2M | $207.4M | $246.3M |
| Total operating expenses | $2.42B | $2.43B | $2.42B | $2.35B | $2.02B | $3.33B | $2.38B | $1.58B | $1.47B | $2.20B |
| Operating income | $301.2M | $602.6M | $1.04B | $1.59B | $281.4M | -$1.36B | $445.3M | $215.6M | -$26.3M | -$388.9M |
| Interest expense | $96.1M | $105.9M | $112.4M | $150.8M | $221.8M | $169.4M | $219.3M | $180.4M | $178.3M | $148.2M |
| Pre-tax income | $182.9M | $567.6M | $921.1M | $1.45B | $42.9M | -$1.55B | $203.5M | $43.0M | -$282.9M | -$493.1M |
| Income tax | $44.6M | $78.3M | $195.9M | $309.5M | $5.9M | $293.7M | $14.7M | $126.1M | $270.1M | $219.2M |
| Net income | $104.2M | $407.2M | $661.6M | $965.0M | -$73.7M | -$1.15B | $1.15B | $411.1M | -$311.8M | -$276.0M |
| EPS, basic | 0.73 | 2.71 | 4.26 | 6.22 | -0.48 | -7.48 | 7.01 | 2.38 | -1.81 | -1.60 |
| EPS, diluted | 0.72 | 2.70 | 4.22 | 6.13 | -0.48 | -7.48 | 6.98 | 2.36 | -1.81 | -1.60 |
| Shares, diluted (wtd. avg.) | 144.0M | 151.0M | 156.6M | 157.5M | 154.3M | 153.5M | 164.8M | 174.2M | 172.5M | 172.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $377.2M | $423.6M | $317.1M | $492.0M | $521.2M | $310.6M | $306.8M | $359.9M | $630.4M | $872.8M |
| Receivables | $346.8M | $272.5M | $344.0M | $391.2M | $258.1M | $262.0M | $426.7M | $231.7M | $243.5M | $357.1M |
| Inventory | $57.3M | $54.9M | $54.5M | $54.5M | $54.2M | $66.1M | $76.1M | $80.0M | $105.1M | $127.1M |
| Total current assets | $816.7M | $785.3M | $752.2M | $972.3M | $880.9M | $1.00B | $974.3M | $879.8M | $1.37B | $1.56B |
| Property, plant and equipment | $8.14B | $8.05B | $8.23B | $8.23B | — | $8.27B | $9.97B | $8.43B | $8.22B | $8.32B |
| Total assets | $9.83B | $9.67B | $9.77B | $10.31B | $10.30B | $10.62B | $11.72B | $11.05B | $9.86B | $10.30B |
| Accounts payable | $572.2M | $472.2M | $446.9M | $543.8M | $623.1M | $407.1M | $602.1M | $348.0M | $595.9M | $785.0M |
| Total current liabilities | $1.06B | $942.8M | $846.5M | $1.26B | $1.16B | $716.3M | $942.8M | $846.1M | $834.2M | $1.50B |
| Long-term debt | $1.27B | $1.27B | $1.32B | $1.82B | $2.46B | $2.79B | $2.80B | $2.78B | $2.77B | $2.78B |
| Total liabilities | $4.60B | $4.33B | $4.22B | $5.16B | $5.98B | $6.23B | $5.91B | $5.85B | — | — |
| Retained earnings | $6.69B | $6.77B | $6.55B | $6.06B | $5.22B | $5.37B | $6.61B | $5.51B | $5.25B | $5.73B |
| Total equity | $5.12B | $5.19B | $5.55B | $5.15B | $4.32B | $4.39B | $5.80B | $5.20B | $4.62B | $4.92B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.25B | $1.73B | $1.75B | $2.18B | $1.42B | $802.7M | $1.49B | $749.4M | $613.4M | $600.8M |
| Depreciation and amortisation | $977.8M | $865.8M | $861.6M | $776.8M | $795.1M | $987.2M | $1.15B | $775.6M | $751.9M | $1.05B |
| Capital expenditure | — | — | — | — | — | — | $1.34B | $1.01B | $910.0M | $926.9M |
| Investing cash flow | -$1.03B | -$908.2M | -$998.7M | -$1.11B | -$417.7M | -$859.0M | -$2.54B | -$1.80B | -$732.4M | $286.1M |
| Financing cash flow | -$264.1M | -$716.5M | -$923.7M | -$1.08B | -$794.5M | $39.7M | -$1.13B | $143.6M | -$188.1M | -$290.9M |
| Dividends paid | $186.2M | $180.0M | $171.0M | $128.2M | $77.2M | $96.0M | $163.7M | $173.0M | $172.6M | $206.6M |
| Buybacks | $102.6M | $301.4M | $150.0M | $0 | $0 | $0 | $499.9M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-011709.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.86B | $1.30B | $1.81B | $2.82B | $1.75B | $2.80B | $4.22B | $3.45B | $3.02B | $2.69B |
| Gross profit | — | — | — | — | $1.75B | $2.80B | $4.05B | $3.40B | $3.02B | $2.69B |
| Net income | -$276.0M | -$311.8M | $411.1M | $1.15B | -$1.15B | -$73.7M | $965.0M | $661.6M | $407.2M | $104.2M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Other event Item 8.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event Item 8.01
- Debt acceleration or default Something has triggered a lender's right to demand early repayment - usually a covenant breach. Item 2.04
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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