Friday 6 November 2026 Export MUR’s income statement to Excel — free account

Murphy Oil Corporation

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

Dividend growth 5 yrs

36.60 0.66 +1.84%

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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 Segments Valuation Filings

Murphy Oil Corporation (MUR) revenue by segment, product and region

Where the money comes from and where it goes

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 product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Net crude oil and condensate revenue	2,227 82.81%	2,636 87.31%	2,916 84.56%	3,358 79.57%	2,323 82.91%	1,460 83.37%	2,515 89.28%	1,498 82.94%	1,051 80.84%	1,525 81.85%
Net natural gas revenue	382 14.21%	300 9.94%	371 10.75%	538 12.74%	368 13.12%	240 13.70%	232 8.25%	220 12.17%	193 14.85%	293 15.71%
Net natural gas liquids revenue	80 2.98%	79 2.62%	90 2.60%	143 3.38%	111 3.96%	51 2.92%	70 2.47%	88 4.89%	56 4.32%	45 2.44%
Sales of purchased natural gas	0 0.00%	4 0.12%	72 2.09%	182 4.31%	0 0.00%	0 0.00%	—	—	—	—
Revenue from production	2,690	3,015	3,377	4,038	2,801	1,752	—	—	—	—
Revenue	2,690	3,019	3,449	4,220	2,801	1,752	2,817	1,806	1,300	1,863

Revenue by segment $m

Line	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013
United States	2,508 83.09%	2,928 84.91%	3,461 82.02%	—	—	—	—	—	—	—	—	—
Canada	510 16.89%	518 15.00%	763 18.08%	—	—	—	—	—	—	—	—	—
Other	7 0.22%	11 0.32%	23 0.55%	—	—	—	—	—	—	—	—	—
Exploration and Production	—	—	—	2,819 100.62%	1,759 100.44%	2,826 100.30%	1,825 101.05%	1,430 109.95%	1,868 100.27%	—	—	—
Corporate and Other	—	—	—	—	—	—	—	14 1.09%	7 0.35%	7 0.22%	—	—
Oil And Gas Exploration And Production	—	—	—	—	—	—	—	—	—	2,935 99.78%	5,423 99.03%	5,313 98.56%
Other, not broken out	—	—	—	—	—	—	—	—	—	—	53 0.97%	77 1.44%
Eliminations	—	—	(27) (0.64%)	(17) (0.62%)	—	—	(19) (1.05%)	(144) (11.04%)	(12) (0.63%)	—	—	—
Revenue	3,019	3,449	4,220	2,801	1,752	2,817	1,806	1,300	1,863	2,941	5,476	5,390

Gross profit by segment $m, and margin

	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013
Canada	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
United States	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2019	FY2018	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
United States	2,370 84.14%	1,300 71.98%	692 37.16%	1,260 42.85%	2,202 40.20%	1,799 33.37%	1,038 22.47%	742 17.34%
California	447 15.87%	469 25.96%	365 19.61%	550 18.69%	1,052 19.22%	1,150 21.34%	1,088 23.56%	1,293 30.23%
Other Countries	12 0.41%	22 1.23%	0 0.01%	—	(11) (0.20%)	104 1.93%	78 1.68%	32 0.74%
Malaysia	—	—	753 40.44%	1,131 38.47%	2,233 40.78%	2,338 43.37%	2,416 52.29%	2,063 48.22%
Congo	—	—	—	—	—	—	—	149 3.48%
Other, not broken out	—	15 0.83%	52 2.77%	—	—	—	—	—
Revenue	2,817	1,806	1,863	2,941	5,476	5,390	4,620	4,279

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Canada offshore oil production	Q2 FY2026	7.9K	6.0K	+31.67%
Eagle Ford Shale new wells online, operated	Q3 FY2026	14.00	10.00	+40.00%
Eagle Ford Shale oil production	Q3 FY2026	30.2K	35.0K	−13.71%
Eagle Ford Shale production	Q3 FY2026	43.6K	49.0K	−11.02%
Gulf of America oil production	Q2 FY2026	45.4K	53.0K	−14.34%
Gulf of Mexico production	Q2 FY2026	57.1K	66.0K	−13.48%
Kaybob Duvernay oil production	Q3 FY2026	3.7K	3.0K	+23.33%
Kaybob Duvernay production	Q3 FY2026	5.8K	5.0K	+16.00%
Offshore liquids volumes	Q3 FY2026	88.0%	82.0%	—
Offshore production	Q3 FY2026	61.1K	68.0K	−10.15%
Oil production	Q3 FY2026	84.2K	94.1K	−10.53%
Onshore liquids volumes	Q3 FY2026	34.0%	35.0%	—
Onshore production	Q3 FY2026	125.4K	132.0K	−5.00%
Total net crude oil and condensate	Q3 FY2026	89.5K	100.1K	−10.61%
Total net hydrocarbons - excluding NCI	Q3 FY2026	186.5K	200.0K	−6.75%
Total net hydrocarbons - including NCI	Q3 FY2026	192.3K	206.9K	−7.08%
Total net natural gas	Q3 FY2026	543.9M	563.3M	−3.45%
Total net natural gas liquids	Q3 FY2026	12.2K	13.0K	−6.18%
Tupper Montney oil production	Q3 FY2026	200.00	200.00	0.00%
Tupper Montney total production	Q3 FY2026	76.0K	78.0K	−2.56%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Canada offshore oil production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Eagle Ford Shale new wells online, operated	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Eagle Ford Shale oil production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Eagle Ford Shale production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gulf of America oil production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gulf of Mexico production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Kaybob Duvernay oil production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Kaybob Duvernay production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Offshore liquids volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Offshore production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Oil production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Onshore liquids volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Onshore production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total net crude oil and condensate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total net hydrocarbons - excluding NCI	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total net hydrocarbons - including NCI	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total net natural gas	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total net natural gas liquids	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Tupper Montney oil production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Tupper Montney total production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.