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Murphy Oil Corporation

MUR Energy Oil & Gas E&P

Murphy Oil Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, down 10.2% from fiscal 2024.

Revenue
+16.6%
EPS
+6,050.0%
Free cash flow
−59.1%
Total debt
+14.6%

Quarter to September 2026, against a year earlier

36.60 0.66 +1.84%
Market cap
$5.2B
P/E
11.2×
Fwd P/E
10.6×
Dividend yield
3.76%
F-score
5/9
Altman Z
1.88
Beneish M
−2.73
Dividend safety
28/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2024

  • United States
  • Canada
  • Other

Every year since 2011 →

Insider Decisions last twelve months

Sold, $m 1.90
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 2 — — — — — — — —
Insider Ownership 5.95%

Capital & Financial Ratios $m

Size
Market Cap 5,210.00
Revenue ttm 3,141.39
Net income ttm 550.29
Free cash flow ttm 228.06
Net debt Q 1,134.05
Valuation
P/E 11.23
Forward P/E 10.60
Price / sales 1.67
Forward P/S Powerpack
Price / FCF 23.01
Price / book 0.94
Financial health
Current ratio Q 0.95 (below 1: weak)
Debt / equity Q 0.29 (at or below 0.5: strong)
Interest coverage Q 10.60
Growth
Revenue growth Q +16.64% (above 0%: growing)
Operating income growth Q +4,327.48% (above 0%: growing)
EPS, this year +203.39% (at or above 15%: strong)
EPS, next year A −10.28% (below 0%: weak)
Revenue, next year A +22.88% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +41.23% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.0×, against a ten-year median of 2.4×; over the ten years it ranged from 1.1× in 2020 to 7.6× in 2018.
P/E against its own 10 years 57.24%
10-year low 10-year high
P/S against its own 10 years 37.18%
10-year low 10-year high
P/B against its own 10 years 48.15%
10-year low 10-year high
EV/Sales against its own 10 years 28.24%
10-year low 10-year high
EV/FCF against its own 10 years 83.77%
10-year low 10-year high

Dividends raised 5 years running

Yield
3.76%
Annual rate
1.38
Payout ratio
42.8%
Growth, 2018–26
+4.30%/yr
  1. 1.00 ’18
  2. 1.00 ’19 +0
  3. 0.63 ’20 −38
  4. 0.50 ’21 −20
  5. 0.83 ’22 +65
  6. 1.10 ’23 +33
  7. 1.20 ’24 +9
  8. 1.30 ’25 +8
  9. 1.40 ’26 +8
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 317 424 377 500
Receivables 344 273 347 459
Inventory 54 55 57 64
Other — — 440 —
752 785 817 1,065
2023 2024 2025 Q'26
Payables 447 472 572 623
ST’ Debt 1 1 3 11
Other 11 48 42 47
847 943 1,063 1,122

Compound Annual Growth %

10y 5y 3y
Sales (0.78%) 6.68% (11.58%)
Cash Flow 0.53% 9.22% (16.97%)
Earnings 0.00% 0.00% (52.38%)
Book Value (0.13%) 3.57% 0.57%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.91 Actual 1.08

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.08 0.14 Beat by 0.22
Q1 FY26 0.29 0.32 Beat by 0.03
Q2 FY26 1.51 1.55 Beat by 0.04
Q3 FY26 0.91 1.08 Beat by 0.17
Q4 FY26 1.29 — Reports 27 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.37 1.59 1.17 — —
’25 0.50 0.16 (0.02) 0.08 0.72
’24 0.59 0.83 0.93 0.34 2.70
’23 1.22 0.62 1.63 0.75 4.22
’22 (0.73) 2.23 3.36 1.26 6.13
’21 (1.87) (0.41) 0.70 1.08 (0.48)
’20 (2.71) (2.06) (1.59) (1.11) (7.48)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 734 928 855 — —
’25 666 696 733 625 2,719
’24 796 803 758 671 3,028
’23 842 815 960 844 3,460
’22 553 1,101 1,303 975 3,933
’21 380 550 631 739 2,299
’20 1,004 212 422 330 1,967
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 321 656 541 — —
’25 301 358 339 250 1,248
’24 399 468 429 434 1,729
’23 280 470 456 543 1,749
’22 338 621 719 502 2,180
’21 238 449 405 331 1,422
’20 393 (23) 209 225 803
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (89) 177 69 — —
’25 (69) 48 167 72 219
’24 150 200 213 259 821
’23 (66) 120 329 366 750
’22 93 267 390 321 1,071
’21 248 245 287 225 1,004
’20 17 (236) 74 89 (56)
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 10.2% a year for ten years.

Implied
10.2%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,811 1,444 1,791 2,829 1,967 2,299 3,933 3,460 3,028 2,719 3,141 +4.6% 3,341 3,313 3,491 +8.7%
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 95.63 98.51 99.90 100.00 100.00 0.0 pt
EBT (493) (283) 43 203 (1,549) 43 1,450 921 568 183 724 n/m
EBT margin, % (27.23) (19.59) 2.40 7.19 (78.74) 1.87 36.88 26.62 18.74 6.73 23.05 +34.0 pt
Net income (276) (312) 419 1,253 (1,262) 48 1,139 724 486 139 550 n/m
Per share, $
Per share, $ Revenue 10.52 8.37 10.36 17.25 12.82 14.90 25.33 22.29 20.19 19.00 21.91 +6.8%
Earnings (1.60) (1.81) 2.38 7.01 (7.48) (0.48) 6.22 4.26 2.71 0.73 3.26 n/m
Cash flow 3.49 3.56 4.33 9.08 5.23 9.22 14.04 11.27 11.53 8.72 12.33 +10.7%
Capex 1.33 (4.87) (10.43) (15.47) (5.60) (2.71) (7.15) (6.43) (6.05) (7.19) (10.74) n/m
Free cash flow 4.81 (1.32) (6.10) (6.39) (0.37) 6.51 6.90 4.83 5.47 1.53 1.59 (12.0%)
Book value 28.56 26.78 30.05 35.40 28.63 28.00 33.16 35.75 35.61 36.59 38.73 +2.8%
Shares, m 172 173 173 164 154 154 155 155 150 143 143 (2.0%)
Valuation, ×
Valuation, × P/E 0.00 0.00 9.87 3.77 0.00 0.00 6.54 10.04 11.17 42.81 11.23 8.4
P/S 3.01 3.84 2.26 1.55 0.94 1.75 1.60 1.92 1.50 1.65 1.67 2.0
P/B 1.11 1.20 0.78 0.76 0.42 0.93 1.22 1.20 0.85 0.85 0.94 0.9
EV/Sales 4.18 5.19 3.79 2.47 2.36 2.60 1.94 2.21 1.78 2.02 2.03 2.9
EV/FCF 9.13 (33.01) (6.44) (6.67) (82.38) 5.95 7.13 10.20 6.57 25.04 27.98 (6.4)
Cash, $m
Cash, $m Operating cash flow 601 613 749 1,489 803 1,422 2,180 1,749 1,729 1,248 1,767 +8.5%
Capex 228 (841) (1,805) (2,536) (859) (418) (1,109) (999) (908) (1,029) (1,539) n/m
Free cash flow 829 (227) (1,055) (1,047) (56) 1,004 1,071 750 821 219 228 (13.8%)
Balance, $m
Balance, $m Working capital 57 537 34 32 284 (283) (286) (94) (158) (246) (57) n/m
Net debt 2,120 1,951 2,750 2,589 2,781 1,945 1,331 1,012 852 1,008 1,134 (7.9%)
Shareholders’ equity 4,917 4,620 5,198 5,805 4,394 4,321 5,149 5,550 5,342 5,237 5,554 +0.7%
Returns, %
Returns, % ROA (2.53) (3.09) 3.93 10.10 (10.28) (0.70) 9.36 6.59 4.19 1.07 4.63 +3.6 pt
ROIC (3.45) (0.25) 1.70 3.32 (11.87) 2.81 15.30 9.93 6.08 3.01 7.56 +6.5 pt
ROE (5.40) (6.54) 8.37 20.90 (22.53) (1.69) 20.38 12.37 7.48 1.97 8.67 +7.4 pt
People
People Employees 1,294 1,128 1,108 822 675 696 691 725 750 813 — (5.0%)
Revenue/emp, $m 1.40 1.28 1.62 3.44 2.91 3.30 5.69 4.77 4.04 3.34 — +10.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Business profile

Updated

Murphy Oil Corporation explores for, develops and produces crude oil and natural gas. It sells the oil and gas it produces to customers, including Chevron Corporation and ExxonMobil Corporation. It also produces natural gas liquids, hydrocarbons separated from natural gas that are sold alongside its other products.

In the United States, Murphy produces mainly offshore in the Gulf of America and onshore in the Eagle Ford Shale of South Texas. In Canada, it has onshore interests in the Tupper Montney and Kaybob Duvernay, as well as interests in offshore fields. Murphy operates some properties itself and holds non-operated interests in others.

Where the money comes from and where it goes Fiscal 2024

Fiscal 2024: revenue by segment, and margins
United States 2,508 82.82%
Canada 510 16.83%
Other 7 0.22%
Gross margin 99.90%
Operating margin 19.90%
Pre-tax margin 18.74%

Revenue by segment since 2011

Murphy Oil Corporation vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VIST Vista Energy, S.A.B. de C.V. - Sponsored ADR $6.4B 7.5× 9.9× +83.39% (above 0%: growing) −10.66% (below 0%: shrinking) −82.86% (below 0%: shrinking) 54.75% 45.65% Compare
MGY Magnolia Oil & Gas Corp $6.3B 10.3× 9.4× +58.15% (above 0%: growing) +136.59% (above 0%: growing) +176.03% (above 0%: growing) 0.00% 30.08% Compare
MTDR Matador Resources Company $6.2B 8.4× 8.7× +23.82% (above 0%: growing) +10.97% (above 0%: growing) −65.09% (below 0%: shrinking) 85.09% 30.44% Compare
MUR Murphy Oil Corporation $5.2B 11.2× 10.6× +16.64% (above 0%: growing) n/m −59.09% (below 0%: shrinking) 100.00% 30.00%
CNX CNX Resources Corporation. $5.0B 5.5× 7.4× −0.66% (below 0%: shrinking) −22.07% (below 0%: shrinking) −42.35% (below 0%: shrinking) 82.78% 44.70% Compare
LB LandBridge Company LLC $4.8B 42.4× 57.6× +39.46% (above 0%: growing) +41.94% (above 0%: growing) +44.89% (above 0%: growing) 0.00% 68.06% Compare
CRGY Crescent Energy Company $4.7B 62.7× 10.5× +55.92% (above 0%: growing) n/m +41.37% (above 0%: growing) 100.00% 35.43% Compare
CRC California Resources Corporation $4.0B — (loss-making) 106× −50.76% (below 0%: shrinking) n/m −24.47% (below 0%: shrinking) (0.24%) (96.67%) Compare
CRK Comstock Resources, Inc. $3.9B 9.1× 27.6× −14.56% (below 0%: shrinking) −80.00% (below 0%: shrinking) −56.99% (below 0%: shrinking) 0.00% 5.97% Compare
Median of peers $4.9B 9.1× 10.2× +31.64% +0.16% −33.41% 27.38% 32.94%

All 74 Oil & Gas E&P stocks →

From the latest earnings call

Updated

  • CEO Eric Hambly said Lac Da Vang and Chinook 8 had begun producing, with the Vietnam project also providing infrastructure for nearby opportunities.
  • Hambly said Bubale appraisal had increased his confidence in a development, but further work was needed to narrow uncertainty about the resources.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 88.59%
Held by the ten largest 52.44%
Holder Shares Stake Change
BlackRock 19.24m 13.42% +1.01m
Vanguard 15.07m 10.51% +297.75k
Dimensional Fund Advisors 8.39m 5.85% +214.91k
American Century 7.32m 5.10% +590.08k
State Street 7.31m 5.10% −73.36k
Charles Schwab 5.11m 3.57% +455.66k
Geode Capital Management 4.37m 3.05% +684.05k
EARNEST PARTNERS LLC 2.88m 2.01% −35.15k
Fidelity (FMR) 2.77m 1.93% −454.77k
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 2.74m 1.91% +15.41k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 27 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 7.65m 9.91m 302.12
2024 10.38m 2.33m 277.88
2023 13.26m 11.81m 379.60
2022 13.44m 39.75m 372.45
2021 11.38m 26.07m 221.25
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Murphy Oil Corporation (MUR) Latest News

5 Nov

Impact 4 · · The Motley Fool transcript
Impact 3 · · Zacks
Impact 3 · · Moby

4 Nov

Impact 3 · · Zacks
Impact 3 · · Business Wire
Impact 3 · · Business Wire

29 Oct

Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 3 · · Zacks

28 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

26 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Zacks

22 Oct

Impact 4 · · Zacks

15 Oct

Impact 4 · · Zacks

13 Oct

Impact 4 · · Rigzone.com
Impact 4 · · offshore-technology.com

12 Oct

Impact 4 · · Business Wire

4 Sep

Impact 4 ·

16 Aug

Impact 3 ·

14 Aug

Impact 3 ·

12 Aug

Impact 3 · · The Motley Fool transcript

11 Aug

Impact 3 ·

8 Aug

Impact 3 · · MarketBeat transcript

6 Aug

Impact 4 · transcript
Impact 4 ·
Impact 3 · · Moby transcript

5 Aug

Impact 3 ·
Impact 3 ·

MUR metrics, ten years each

stockrow.com/MUR · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com