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MUR

Murphy Oil Corporation

MUR

Murphy Oil Corporation • NYSE
$32.07 ▲ 1.97% (+0.62)
Market Cap $4.58 B
52w High $34.52
52w Low $18.95
Dividend Yield 1.30%
P/E 32.07
Volume 861.99K
Outstanding Shares 142.74M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $720.966M ▲ $470.386M ▲ $-2.973M ▼ -0.412% ▼ $-0.02 ▼ $322.203M ▲
Q2-2025 $683.065M ▲ $61.906M ▼ $22.28M ▼ 3.262% ▼ $0.16 ▼ $319.231M ▼
Q1-2025 $672.73M ▲ $80.746M ▼ $73.036M ▲ 10.857% ▲ $0.51 ▲ $340.456M ▲
Q4-2024 $669.574M ▼ $95.394M ▲ $50.336M ▼ 7.518% ▼ $0.345 ▼ $337.664M ▼
Q3-2024 $753.169M $80.187M $139.094M 18.468% $0.93 $398.732M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $425.96M ▲ $9.733B ▼ $4.483B ▲ $5.121B ▼
Q2-2025 $379.631M ▼ $9.84B ▲ $4.482B ▼ $5.199B ▲
Q1-2025 $392.914M ▼ $9.82B ▲ $4.543B ▲ $5.12B ▼
Q4-2024 $423.569M ▲ $9.667B ▼ $4.326B ▲ $5.194B ▼
Q3-2024 $271.223M $9.716B $4.311B $5.25B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-8.316M ▼ $339.431M ▼ $-171.986M ▲ $-121.505M ▼ $46.329M ▲ $167.445M ▲
Q2-2025 $35.124M ▼ $358.05M ▲ $-309.641M ▲ $-60.513M ▼ $-13.283M ▲ $48.409M ▲
Q1-2025 $89.418M ▲ $300.681M ▼ $-369.785M ▼ $38.158M ▲ $-30.655M ▼ $-69.104M ▼
Q4-2024 $64.453M ▼ $433.56M ▲ $-174.875M ▲ $-107.771M ▲ $152.346M ▲ $258.685M ▼
Q3-2024 $202.776M $428.987M $-216.413M $-274.499M $-62.396M $945.863M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Natural Gas
Natural Gas
 $150.00M ▲$100.00M ▼$90.00M ▼$80.00M ▼
Oil and Gas Exploration and Production
Oil and Gas Exploration and Production
 $1.47Bn ▲$670.00M ▼$680.00M ▲$720.00M ▲
Oil
Oil
 $1.28Bn ▲$550.00M ▼$0 ▼$0 ▲
Oil and Gas Purchased
Oil and Gas Purchased
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Murphy’s earnings show a classic commodity cycle pattern. Results swung from a deep loss during the 2020 downturn to very strong profits when oil and gas prices rebounded in 2021 and especially 2022. Since then, both revenue and profit have eased back from their peak but remain clearly in positive territory. Operating margins are still healthy but no longer at the boom-time levels of 2022. That tells you the business is profitable in a more “normal” pricing environment, but also very sensitive to commodity prices. Overall, the trend is from severe stress to solid, though moderating, profitability over the last five years.

Balance Sheet

Balance Sheet The balance sheet looks steady and gradually stronger. Total assets have been fairly stable over time, suggesting a mature asset base rather than rapid expansion. Equity has generally crept higher, indicating that the company has rebuilt and grown its net worth after the 2020 loss. Debt has been trimmed meaningfully from earlier levels, pointing to an active effort to de‑risk the balance sheet. Cash on hand moves around but stays at a modest, workable level. Taken together, Murphy appears to be running with a conservative, durable capital structure for a cyclical business, though it still depends on continued cash generation to keep leverage in check.

Cash Flow

Cash Flow Cash generation from operations has been consistently strong since 2021, more than covering the company’s investment needs. After a cash squeeze in 2020, Murphy moved into a period where it could fund its drilling and development program and still have money left over. Free cash flow has been positive in most of the recent years, though it has moved up and down as the company adjusts its capital spending. Periods of heavier investment (like 2022–2023) have absorbed more cash, while the latest year shows very high free cash flow as spending appears lighter. This pattern reflects an ability to flex spending with market conditions, a key strength for an exploration and production company.

Competitive Edge

Competitive Edge Murphy’s competitive position rests on a diversified portfolio and notable deepwater expertise. It combines shorter-cycle onshore shale (such as Eagle Ford) with longer-lived offshore projects, especially in the Gulf of Mexico. This mix gives it some flexibility to shift capital between quick-payback and long-duration projects depending on the market. Its long history in deepwater operations is a real differentiator. Successfully running complex offshore projects is not easy to replicate, and it can support better economics and access to attractive fields. The company also emphasizes relatively low-cost, high-margin assets and has a reputation for financial discipline, which can help it weather downturns better than more aggressive peers. On the risk side, Murphy is still tightly tied to oil and gas prices and faces the usual regulatory, environmental, and political uncertainties in both U.S. and international markets.

Innovation and R&D

Innovation and R&D Murphy does not run “R&D” in the traditional tech sense, but it is clearly leaning into technology to improve its operations. The company has invested in a broad digital transformation, including real-time monitoring of drilling, machine learning tools, and automation to cut downtime and speed up well work. These tools have already reduced cycle times and improved consistency, which can translate directly into lower costs and better safety. On the technical side, Murphy uses advanced seismic imaging, enhanced recovery methods, and is rolling out multilateral well designs in places like Vietnam to boost output while reducing drilling costs. The acquisition of its own offshore production vessel in the Gulf of Mexico is another example of using infrastructure and technology to lower long-term operating costs. It is also beginning to address emissions and flaring with technology and process changes. Overall, Murphy looks more like an “adopter and integrator” of advanced oilfield and digital technologies rather than a basic driller, which can support both margins and resilience if executed well.

Summary

Murphy Oil’s recent story is one of recovery, consolidation, and disciplined execution in a volatile sector. The company moved from heavy losses in 2020 to robust profits during the post‑pandemic commodity upswing, and while earnings have cooled from peak levels, they remain solidly positive. The balance sheet has been steadily strengthened through debt reduction and rebuilding equity, giving Murphy more room to navigate future price swings. Cash flows are strong enough to fund development and still leave surplus, with investment levels flexed according to market conditions. Competitively, Murphy benefits from a diversified asset mix and a deep track record in complex offshore projects, supported by a clear push into digitalization and advanced drilling and production technologies. The main ongoing risks are its dependence on oil and gas prices, exposure to regulatory and environmental pressures, and execution risk on international growth projects. Overall, Murphy appears to be a relatively disciplined, technology-forward player in the exploration and production space, moving from a period of repair to one of targeted, capital-efficient growth while accepting the inherent cyclicality of its industry.

NEWS

November 17, 2025 · 9:00 AM UTC

GeoComputing Signs Agreement with Murphy Oil Subsidiary For RiVA Platform Deployment

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November 5, 2025 · 4:55 PM UTC

Quarterly Stockholder Update by Murphy Oil Corporation

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October 1, 2025 · 4:30 PM UTC

Murphy Oil Corporation Schedules Third Quarter 2025 Conference Call and Webcast for Thursday, November 6, 2025

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October 1, 2025 · 9:54 AM UTC

Murphy Oil Corporation Announces Quarterly Dividend

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