Tearsheet

Murphy Oil (MUR)

Market Price (4/23/2026): $38.8 | Market Cap: $5.5 Bil
Sector: Energy | Industry: Oil & Gas Exploration & Production

Murphy Oil (MUR)

Market Price (4/23/2026): $38.8
Market Cap: $5.5 Bil
Sector: Energy
Industry: Oil & Gas Exploration & Production

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, Dividend Yield is 3.4%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 46%

Low stock price volatility
Vol 12M is 47%

Megatrend and thematic drivers
Megatrends include US Energy Independence, and Global Energy Supply & Security. Themes include US Oilfield Technologies, and Offshore Oil & Gas Exploration & Production.

Weak multi-year price returns
2Y Excs Rtn is -49%, 3Y Excs Rtn is -60%

Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 53x

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -8.4%

Key risks
MUR key risks include [1] a deteriorating success rate in its exploration programs, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, Dividend Yield is 3.4%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 46%
2	Low stock price volatility Vol 12M is 47%
3	Megatrend and thematic drivers Megatrends include US Energy Independence, and Global Energy Supply & Security. Themes include US Oilfield Technologies, and Offshore Oil & Gas Exploration & Production.
4	Weak multi-year price returns 2Y Excs Rtn is -49%, 3Y Excs Rtn is -60%
5	Expensive valuation multiples P/EPrice/Earnings or Price/(Net Income) is 53x
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -8.4%
7	Key risks MUR key risks include [1] a deteriorating success rate in its exploration programs, Show more.

Valuation, Metrics & Events

	4/23/26	2025	2024	2023	2022
Share Price CYE	$38.80	$31.25	$30.26	$42.66	$43.01
Market Cap CYE ($ Bil)	5.5	4.5	4.4	6.6	6.7
Total Debt ($ Bil)	2.2	2.2	2.1	2.1	2.8
Total Cash ($ Bil)	0.4	0.4	0.4	0.3	0.5
Enterprise Value ($ Bil)	7.4	6.7	6.5	8.7	9.5
Valuation Ratios
P/S TTM	2.1	1.7	1.5	1.9	1.6
P/EBIT TTM	19.9	16.0	6.6	6.3	4.2
P/E TTM	53.1	42.8	10.8	9.9	6.9
P/FCF TTM	28.0	22.5	5.4	10.1	6.3
Sector Ratios
P/S TTM (Sector)	1.8	1.4	1.5	1.5	1.3
P/EBIT TTM (Sector)	8.9	6.9	6.6	5.9	3.9
P/E TTM (Sector)	12.7	9.9	10.3	8.3	5.3
P/FCF TTM (Sector)	10.9	8.2	6.9	7.5	5.2

	4/23/26	2025	2024
Share Price CYE	$38.80	$31.25	$30.26
Market Cap CYE ($ Bil)	5.5	4.5	4.4
Total Debt ($ Bil)	2.2	2.2	2.1
Total Cash ($ Bil)	0.4	0.4	0.4
Enterprise Value ($ Bil)	7.4	6.7	6.5
Valuation Ratios
P/S TTM	2.1	1.7	1.5
P/EBIT TTM	19.9	16.0	6.6
P/E TTM	53.1	42.8	10.8
P/FCF TTM	28.0	22.5	5.4
Sector Ratios
P/S TTM (Sector)	1.8	1.4	1.5
P/EBIT TTM (Sector)	8.9	6.9	6.6
P/E TTM (Sector)	12.7	9.9	10.3
P/FCF TTM (Sector)	10.9	8.2	6.9

	MUR	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	2.7
Rev Chg Q	-8.4%	7.5%
Rev Chg LTM	-10.9%	6.9%
Rev Chg 3Y Avg	-13.9%	5.7%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.4
CFO LTM ($ Bil)	1.2
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	15.9%	18.6%
CFO/Rev LTM	46.4%	20.6%
Net Inc Mgn	3.9%	12.8%
VALUATION	HIGH
P/S	2.1	3.2
P/CFO	4.4	15.7
P/FCF	28.0	20.5
P/E	53.1	24.3
STABILITY	FAIR
Debt/Equity	0.40	0.20
Cash/Assets	0.04	0.07

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Metric	Value	Date	Source
Total Production	200,400 barrels of oil equivalent per day	11052025	Link
Oil Production	94,100 barrels per day	11052025	Link
Total Net Crude Oil and Condensate Production	100,065 barrels per day	11052025	Link
Total Net Natural Gas Liquids Production	12,984 barrels per day	11052025	Link
Total Net Natural Gas Production	563,319 Mcf per day	11052025	Link
Preliminary Year-End Proved Reserves	713 MMBOE	1302025	Link
Total Reserve Replacement	83 percent	1302025	Link
Reserve Life	11 years	1302025	Link
New Wells Online (Operated - Eagle Ford Shale)	10	11052025	Link
New Wells Online (Non-Operated - Eagle Ford Shale)	7	11052025	Link
New Wells Online (Kaybob Duvernay)	4	11052025	Link

Upcoming
5/06/2026	Earnings Release	Rev: $710 Mil (E) EPS: $0.36 (E)
5/18/2026	Dividend	Amount: $0.35 Payment On: 6/01/2026

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Murphy Oil (MUR) stock has gained about 25% since 12/31/2025 because of the following key factors:

1. Surging Crude Oil Prices Boosted Revenue Expectations. The period since late 2025 saw a significant increase in crude oil prices, a primary driver for an oil and gas exploration and production company. Brent crude oil prices rose from $61 per barrel at the start of the first quarter of 2026 to $118 per barrel by the end of the quarter, largely due to escalating geopolitical tensions in the Middle East and disruptions in the Strait of Hormuz. This substantial price appreciation directly enhances Murphy Oil's revenue and profitability outlook.

2. Strong Fourth Quarter 2025 Earnings Exceeded Analyst Expectations. On January 28, 2026, Murphy Oil reported its financial and operating results for the fourth quarter ended December 31, 2025. The company announced adjusted net income of $0.14 per diluted share, significantly beating analyst expectations of a loss of $0.05 per share for the quarter, an earnings beat of 380%. This strong performance, despite a slight revenue miss, provided a positive catalyst for the stock.

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Stock Movement Drivers

Fundamental Drivers

The 25.3% change in MUR stock from 12/31/2025 to 4/22/2026 was primarily driven by a 71.6% change in the company's P/E Multiple.

(LTM values as of)	12312025	4222026	Change
Stock Price ($)	30.92	38.76	25.3%
Change Contribution By:
Total Revenues ($ Mil)	2,746	2,690	-2.1%
Net Income Margin (%)	5.2%	3.9%	-25.4%
P/E Multiple	30.9	53.1	71.6%
Shares Outstanding (Mil)	143	143	0.0%
Cumulative Contribution			25.3%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/22/2026

	Return	Correlation
MUR	25.3%
Market (SPY)	-5.4%	2.6%
Sector (XLE)	26.5%	66.4%

Fundamental Drivers

The 39.4% change in MUR stock from 9/30/2025 to 4/22/2026 was primarily driven by a 280.8% change in the company's P/E Multiple.

(LTM values as of)	9302025	4222026	Change
Stock Price ($)	27.81	38.76	39.4%
Change Contribution By:
Total Revenues ($ Mil)	2,779	2,690	-3.2%
Net Income Margin (%)	10.2%	3.9%	-62.2%
P/E Multiple	13.9	53.1	280.8%
Shares Outstanding (Mil)	143	143	0.0%
Cumulative Contribution			39.4%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/22/2026

	Return	Correlation
MUR	39.4%
Market (SPY)	-2.9%	15.8%
Sector (XLE)	27.7%	68.6%

Fundamental Drivers

The 43.5% change in MUR stock from 3/31/2025 to 4/22/2026 was primarily driven by a 448.6% change in the company's P/E Multiple.

(LTM values as of)	3312025	4222026	Change
Stock Price ($)	27.02	38.76	43.5%
Change Contribution By:
Total Revenues ($ Mil)	3,019	2,690	-10.9%
Net Income Margin (%)	13.5%	3.9%	-71.3%
P/E Multiple	9.7	53.1	448.6%
Shares Outstanding (Mil)	146	143	2.2%
Cumulative Contribution			43.5%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/22/2026

	Return	Correlation
MUR	43.5%
Market (SPY)	16.3%	50.1%
Sector (XLE)	24.1%	81.4%

Fundamental Drivers

The 17.5% change in MUR stock from 3/31/2023 to 4/22/2026 was primarily driven by a 899.3% change in the company's P/E Multiple.

(LTM values as of)	3312023	4222026	Change
Stock Price ($)	32.98	38.76	17.5%
Change Contribution By:
Total Revenues ($ Mil)	4,220	2,690	-36.3%
Net Income Margin (%)	22.9%	3.9%	-83.1%
P/E Multiple	5.3	53.1	899.3%
Shares Outstanding (Mil)	155	143	8.9%
Cumulative Contribution			17.5%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/22/2026

	Return	Correlation
MUR	17.5%
Market (SPY)	63.3%	40.0%
Sector (XLE)	49.6%	80.6%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
MUR Return	121%	69%	2%	-27%	9%	23%	275%
Peers Return	105%	52%	1%	-4%	0%	26%	284%
S&P 500 Return	27%	-19%	24%	23%	16%	3%	88%
Monthly Win Rates [3]
MUR Win Rate	67%	58%	33%	33%	67%	50%
Peers Win Rate	73%	60%	55%	43%	58%	75%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
MUR Max Drawdown	0%	0%	-22%	-32%	-34%	-5%
Peers Max Drawdown	-2%	0%	-16%	-13%	-17%	-4%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: COP, EOG, FANG, DVN, CTRA. See MUR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/22/2026 (YTD)

How Low Can It Go

Unique Key	Event	MUR	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-40.4%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	67.9%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	99 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-83.3%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	498.3%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	569 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-51.4%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	105.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	918 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-63.3%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	172.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	Not Fully Recovered days	1,480 days

Compare to COP, EOG, FANG, DVN, CTRA

In The Past

Murphy Oil's stock fell -40.4% during the 2022 Inflation Shock from a high on 6/7/2022. A -40.4% loss requires a 67.9% gain to breakeven.

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About Murphy Oil (MUR)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and natural gas exploration and production company in the United States, Canada, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964. The company was incorporated in 1950 and is headquartered in Houston, Texas.

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Like an ExxonMobil or Chevron, but focused exclusively on finding and producing oil and natural gas.

Essentially, the 'upstream' (exploration and extraction) division of a major oil company like Shell or BP, operating as an independent company.

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Crude Oil: A refined petroleum product extracted from the earth for various energy and industrial uses.
Natural Gas: A fossil energy source, primarily methane, used for heating, electricity generation, and industrial processes.
Natural Gas Liquids (NGLs): Hydrocarbons separated from natural gas, utilized as feedstocks for petrochemicals and as fuel.

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Murphy Oil (MUR) operates as an oil and natural gas exploration and production company, meaning it extracts raw crude oil, natural gas, and natural gas liquids. These are commodity products sold to other businesses for processing, distribution, or trading. Due to the commodity nature of its products and diversified sales channels, Murphy Oil does not publicly disclose specific "major customers" that account for a significant portion of its revenue in its financial filings.

However, its products are primarily sold to the following types of companies:

Refiners: Companies that process crude oil into refined products such as gasoline, diesel, and jet fuel.
Integrated Oil Companies: Large companies involved in multiple segments of the oil and gas industry, including exploration, production, refining, and marketing.
Marketers and Other Purchasers: This category typically includes commodity trading firms, natural gas utilities, petrochemical plants, and other industrial users that buy crude oil, natural gas, and natural gas liquids for further processing, distribution, or resale.

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The management team members for Murphy Oil Corporation (MUR) are as follows:

Eric M. Hambly

President and Chief Executive Officer Eric M. Hambly assumed the role of President and Chief Executive Officer of Murphy Oil Corporation on January 1, 2025. He previously served as President and Chief Operating Officer from February to December 2024, and as Executive Vice President, Operations from 2020 to 2024. Mr. Hambly joined Murphy in 2006 and has over 26 years of industry experience, having been instrumental in the success of the company's global exploration and production operations, with assignments in Malaysia, Singapore, onshore U.S., and offshore U.S. Gulf of Mexico. He holds both bachelor's and master's degrees in chemical engineering from Brigham Young University and has completed the Advanced Management Program at Harvard Business School.

Thomas J. “Tom” Mireles

Executive Vice President & Chief Financial Officer Thomas J. "Tom" Mireles serves as the Executive Vice President and Chief Financial Officer for Murphy Oil Corporation. Mr. Mireles joined Murphy in 2005 as a Senior Staff Analyst and has taken on roles of increasing responsibility, including Senior Manager Planning & Business Development, and Senior Vice President, Western and Eastern Hemispheres. He was promoted to Senior Vice President, Technical Services in 2018 and was elected to his current role in 2022. Mr. Mireles holds bachelor's and master's degrees in Petroleum Engineering from Texas A&M University and an MBA from the London Business School. He also completed the Advanced Management Program at Harvard Business School.

E. Ted Botner

Executive Vice President, General Counsel & Corporate Secretary E. Ted Botner is the Executive Vice President, General Counsel & Corporate Secretary. He joined Murphy in 2001 as an attorney and has held various positions with increasing responsibilities in the U.S. and Malaysia. He was promoted to Senior Vice-President, General Counsel and Corporate Secretary in 2020, and subsequently named Executive Vice-President in February 2024.

Maria A. Martinez

Senior Vice President, Human Resources, Administration and Communications Maria A. Martinez is the Senior Vice President, Human Resources, Administration and Communications. She was elected Vice President, Human Resources & Administration of Murphy Oil Corporation in 2018 and is responsible for global human resources and administration. Ms. Martinez joined Murphy Exploration & Production Company, a wholly-owned subsidiary, in 2010 as Manager, Human Resources, and advanced through roles of increasing responsibility.

Daniel R. Hanchera

Senior Vice President, Business Development Daniel R. Hanchera serves as the Senior Vice President, Business Development for Murphy Oil Corporation.

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The key risks to Murphy Oil's business are:

Volatility in Global Crude Oil and Natural Gas Prices: Murphy Oil's financial performance is highly susceptible to fluctuations in global crude oil and natural gas prices. Lower prices can significantly reduce cash flows, net income, and the company's ability to grow production and add proved reserves. Recent geopolitical events and tensions in the Middle East further underscore the impact of external factors on commodity prices, directly affecting Murphy Oil's cash flows and stock performance.
Operational Hazards and Execution Risks for Exploration and Production Projects: The company faces inherent operational risks associated with its oil and natural gas exploration and production activities, including those related to hydraulic fracturing operations. Specifically, offshore projects in areas such as the Gulf of Mexico, Vietnam, and Côte d'Ivoire carry substantial execution, timing, and cost risks. Issues like cost overruns or uptime problems in these capital-intensive projects can pressure cash flow timing and negatively impact credit metrics.
Regulatory and Environmental/Sustainability Concerns: Murphy Oil is subject to numerous environmental, health, and safety laws and regulations, with non-compliance potentially resulting in significant liabilities and costs. There is increasing scrutiny from investors and stakeholders regarding sustainability activities, climate change, and the transition to a lower-carbon economy. This evolving landscape, including the possibility of climate change litigation and shifts in investor sentiment away from fossil fuels, could affect the company's access to financing and increase its cost of capital.

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The primary clear emerging threat to Murphy Oil is the accelerating global energy transition, driven by:

Rapid Adoption of Electric Vehicles (EVs): The increasing market penetration and policy support for electric vehicles in major global economies threaten long-term demand for crude oil products, particularly gasoline and diesel, which form a significant portion of the end-use market for upstream oil producers.
Declining Costs and Scaling of Renewable Energy: The continuous reduction in the cost of renewable energy technologies, such as solar and wind power, coupled with advancements in battery storage, poses a threat to the demand for natural gas in electricity generation, as renewables become increasingly competitive and preferred energy sources.

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Murphy Oil, an oil and natural gas exploration and production company, operates within the markets for crude oil, natural gas, and natural gas liquids (NGLs). Here are the addressable market sizes for their main products:

Crude Oil

The global crude oil market was valued at USD 751.72 billion in 2024 and is projected to grow to USD 867.16 billion by 2033, with a compound annual growth rate (CAGR) of 1.6% from 2026 to 2033. Another estimate valued the global market at $2.6 trillion in 2023, expected to reach $3.0 trillion by 2033, with a CAGR of 1.5% from 2024 to 2033.
In terms of volume, the global crude oil market was approximately 101.40 million barrels per day (MB/d) in 2025 and is projected to reach around 110.90 MB/d by 2035, growing at a CAGR of 0.90%.
The United States is the largest producer of crude oil globally, with production averaging 12.9 million barrels per day (b/d) in 2023, and a monthly record of over 13.3 million b/d in December 2023. The U.S. produced 22,844,371 barrels per day of oil as of 2024. North America dominated the crude oil market with approximately 52% of the market share in 2022.
Canada's crude oil and equivalent production reached a record high of 298.8 million cubic meters in 2024. Canadian production averaged 5.13 million barrels per day (MMb/d) of crude oil and equivalents in 2024. In 2024, Canada exported a total of $106 billion in crude petroleum.

Natural Gas

The global natural gas market was valued at $1,186.56 billion in 2024 and is projected to reach $1,823.77 billion by 2032, exhibiting a CAGR of 5.52% during the forecast period of 2025-2032. Another estimate placed the global market size at $1,478.66 billion in 2025, growing to $1,591.93 billion in 2026 with a CAGR of 7.7%.
The U.S. natural gas market size is anticipated to be US$473.4 billion in 2025 and is projected to reach US$601.8 billion by 2032, with a CAGR of 3.5%. In 2024, the U.S. natural gas market was valued at USD 454.5 billion and is expected to increase to USD 577.9 billion by 2032, at a CAGR of 3.2% from 2025–2032. U.S. natural gas production hit a record 108 billion cubic feet per day (bcf/d) in July 2025.
In Canada, domestic natural gas sales totaled 4.32 trillion cubic feet in 2022, with an additional 2.94 trillion cubic feet exported. The natural gas distribution sector contributed over $5.1 billion to Canada's GDP in 2022.

Natural Gas Liquids (NGLs)

The global natural gas liquids market size was estimated at USD 25.19 billion in 2025 and is expected to reach USD 50.06 billion by 2035, growing at a CAGR of 7.11%. Other estimates include a market size of USD 16.3 billion in 2025, reaching USD 29.4 billion by 2035 (CAGR 6.1% from 2026-2035), and USD 15.92 billion in 2025, growing to USD 24.24 billion by 2033 (CAGR 5.4% from 2026-2033).
North America is the dominant region in the NGL market, with the U.S. leading in both production and consumption. North America produced over 10 million barrels per day (bpd) of NGLs in 2023, accounting for more than 80% of global NGL production. The North America NGL Market is estimated to grow from USD 7.08 billion in 2024 to USD 11.53 billion in 2033, at a CAGR of 5.57%.
The U.S. natural gas liquids market size was estimated at USD 5.9 billion in 2024 and is projected to grow to USD 10.6 billion by 2035, exhibiting a CAGR of 5.4% from 2025-2035.
The Canadian natural gas liquids market generated a revenue of USD 814.4 million in 2024 and is expected to reach USD 1,401.7 million by 2030, with a CAGR of 9.5% from 2025 to 2030. Canada's NGL production was 716.43 thousand barrels per day in 2023. In 2024, daily exports of Canadian NGLs averaged 218.3 thousand barrels per day for propane and 56.1 thousand barrels per day for butane.

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Murphy Oil Corporation (MUR) is expected to drive future revenue growth over the next 2-3 years through several key initiatives focused on increasing production volumes and benefiting from market conditions.

Here are 4 expected drivers of future revenue growth:

Increased Production from Key Offshore Development Projects: Murphy Oil anticipates significant contributions from its ongoing offshore projects. The Lac Da Vang (Golden Camel) development project in Vietnam is on schedule for first oil in the fourth quarter of 2026 and is expected to ramp up production through 2027. This project is projected to add 10,000-15,000 barrels of oil per day by 2026, with potential for 30,000-50,000 barrels of oil equivalent per day by the early 2030s. Additionally, the company is focused on high-margin offshore projects in the Gulf of Mexico, including recent discoveries at the Cello #1 and Banjo #1 wells and the anticipated online status of the Chinook 8 well in the second half of 2026. Expansions at Marmalard and Neidermeyer are also expected to add 15,000 boe/d by 2026.
Sustained Growth from Montney Shale Production: In its Canadian operations, Murphy Oil is targeting a 10% annual production increase through 2025 in the Montney program. This growth is anticipated to be achieved through advanced horizontal drilling and enhanced completion techniques.
Successful Exploration and New Ventures Leading to Future Developments: The company continues to prioritize exploration efforts, with successful appraisal results in Vietnam (Hai Su Vang) highlighting future potential. Murphy Oil has also entered new exploration ventures, such as securing an operated working interest in Morocco's Gharb Deep Offshore deepwater block and continuing a three-well exploration program in Côte d'Ivoire. While these are longer-term initiatives, successful exploration leading to rapid development could transition into revenue-generating assets within the 2-3 year timeframe, as seen with the Lac Da Vang project.
Favorable Commodity Price Environment: A significant driver of revenue for an exploration and production company like Murphy Oil is the prevailing prices of crude oil and natural gas. The company's financial outlook indicates robust free cash flow generation under various price scenarios, with upside potential for cash flow accelerating if oil prices remain above $80 per barrel. Realized price strength was a key factor in the company's 2025 revenues.

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Share Repurchases

In 2025, Murphy Oil Corporation repurchased $100 million of its common stock, equating to 3.6 million shares.
As of December 31, 2025, the company had $550 million remaining under its board-authorized share repurchase program.

Share Issuance

Murphy Oil Corporation had 142.8 million shares outstanding as of December 31, 2025.

Outbound Investments

In 2025, Murphy Oil Corporation completed the strategic acquisition of the Pioneer floating production, storage and offloading (FPSO) vessel in the Gulf of America for a net purchase price of $104 million.
During 2025, the company signed a Petroleum Agreement to secure an operated working interest position in Morocco's Gharb Deep Offshore deepwater block, covering over 4 million acres.

Capital Expenditures

Murphy Oil Corporation's capital expenditures for the full year 2025 reached $1.157 billion, excluding acquisition-related costs of $29.0 million.
The company's capital expenditure guidance for 2026 is projected to be between $1.2 billion and $1.3 billion.
Approximately 75% of the 2026 capital spend is allocated to development activities, with the remaining directed towards exploration drilling, appraisal drilling, seismic data acquisitions, and corporate capital expenditures. A key focus for 2026 capital is increasing investment in Gulf of America assets, particularly for the Chinook #8 well, and continued development in Vietnam, including the Lac Da Vang field.

Interactive Breakdown

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EOG (-3.4%)

EOG Resources

Higher Rev Chg 3Y Avg (Value for MUR: -13.9%)

FANG (18.3%)

Diamondback Energy

EQT (1.6%)

EQT

CNQ (-3.2%)

Canadian Natural Resources

COP (-7.8%)

ConocoPhillips

EOG (-8.0%)

EOG Resources

Higher Op Mgn LTM (Value for MUR: 15.9%)

FANG (32.9%)

Diamondback Energy

EOG (32.1%)

EOG Resources

COP (19.2%)

ConocoPhillips

CNQ (18.6%)

Canadian Natural Resources

OXY (17.2%)

Occidental Petroleum

Higher CFO/Rev LTM (Value for MUR: 46.4%)

TPL (68.4%)

Texas Pacific Land

EQT (61.4%)

EQT

FANG (58.7%)

Diamondback Energy

CTRA (52.6%)

Coterra Energy

OXY (48.8%)

Occidental Petroleum

Higher FCF/Rev LTM (Value for MUR: 7.4%)

EQT (34.0%)

EQT

OXY (19.0%)

Occidental Petroleum

CNQ (19.0%)

Canadian Natural Resources

EOG (15.3%)

EOG Resources

COP (12.3%)

ConocoPhillips

Higher Total Yield (Value for MUR: 5.2%)

CNQ (16.9%)

Canadian Natural Resources

DVN (11.2%)

Devon Energy

EOG (10.0%)

EOG Resources

COP (7.9%)

ConocoPhillips

EQT (6.6%)

EQT

SECTOR: Energy

Higher Rev Chg 3Y Avg | Lower P/S (Values for MUR: -13.9% | 2.1x)

XOM (-6.4% | 2.0x)

Exxon Mobil

CVX (-7.6% | 2.0x)

Chevron

ENB (8.8% | 1.7x)

Enbridge

SU (-5.5% | 1.5x)

Suncor Energy

VLO (-11.2% | 0.6x)

Valero Energy

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MUR: -13.9% | 13.0x)

ENB (8.8% | 9.8x)

Enbridge

CNQ (-3.2% | 11.3x)

Canadian Natural Resources

SU (-5.5% | 9.5x)

Suncor Energy

EOG (-8.0% | 9.9x)

EOG Resources

MPC (-9.1% | 11.5x)

Marathon Petroleum

Higher Rev Chg LTM (Value for MUR: -10.9%)

ENB (21.9%)

Enbridge

COP (7.7%)

ConocoPhillips

CNQ (6.4%)

Canadian Natural Resources

XOM (-4.5%)

Exxon Mobil

CVX (-4.6%)

Chevron

Higher Rev Chg 3Y Avg (Value for MUR: -13.9%)

ENB (8.8%)

Enbridge

CNQ (-3.2%)

Canadian Natural Resources

XOM (-6.4%)

Exxon Mobil

CVX (-7.6%)

Chevron

COP (-7.8%)

ConocoPhillips

Higher Op Mgn LTM (Value for MUR: 15.9%)

WMB (36.9%)

Williams Companies

EOG (32.1%)

EOG Resources

COP (19.2%)

ConocoPhillips

CNQ (18.6%)

Canadian Natural Resources

ENB (17.7%)

Enbridge

Higher CFO/Rev LTM (Value for MUR: 46.4%)

EQT (61.4%)

EQT

FANG (58.7%)

Diamondback Energy

WMB (49.4%)

Williams Companies

OXY (48.8%)

Occidental Petroleum

TRP (48.2%)

TC Energy

Higher FCF/Rev LTM (Value for MUR: 7.4%)

CNQ (19.0%)

Canadian Natural Resources

SLB (12.7%)

SLB

COP (12.3%)

ConocoPhillips

CVX (9.0%)

Chevron

WMB (7.5%)

Williams Companies

Higher Total Yield (Value for MUR: 5.2%)

CNQ (16.9%)

Canadian Natural Resources

ENB (13.9%)

Enbridge

COP (7.9%)

ConocoPhillips

XOM (7.3%)

Exxon Mobil

CVX (6.8%)

Chevron

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for MUR: -13.9% | 2.1x)

WMT (5.3% | 1.5x)

Walmart

COST (6.9% | 1.6x)

Costco Wholesale

HD (1.9% | 2.0x)

Home Depot

UNH (11.4% | 0.7x)

UnitedHealth

VZ (0.3% | 1.4x)

Verizon Communications

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MUR: -13.9% | 13.0x)

MRK (3.2% | 12.7x)

Merck

TMUS (3.6% | 11.3x)

T-Mobile US

VZ (0.3% | 6.6x)

Verizon Communications

T (1.3% | 7.4x)

AT&T

PFE (-12.0% | 8.8x)

Pfizer

Higher Rev Chg LTM (Value for MUR: -10.9%)

NVDA (65.5%)

NVIDIA

MSFT (16.7%)

Microsoft

GOOGL (15.1%)

Alphabet

AMZN (12.4%)

Amazon.com

AAPL (10.1%)

Apple

Higher Rev Chg 3Y Avg (Value for MUR: -13.9%)

NVDA (101.8%)

NVIDIA

MSFT (14.4%)

Microsoft

GOOGL (12.5%)

Alphabet

AMZN (11.7%)

Amazon.com

AAPL (4.1%)

Apple

Higher Op Mgn LTM (Value for MUR: 15.9%)

NVDA (60.4%)

NVIDIA

MSFT (46.7%)

Microsoft

AVGO (41.5%)

Broadcom

AAPL (32.4%)

Apple

GOOGL (32.0%)

Alphabet

Higher CFO/Rev LTM (Value for MUR: 46.4%)

V (59.1%)

Visa

META (57.6%)

Meta Platforms

MU (52.7%)

Micron Technology

MSFT (52.5%)

Microsoft

NVDA (47.6%)

NVIDIA

Higher FCF/Rev LTM (Value for MUR: 7.4%)

NVDA (44.8%)

NVIDIA

AVGO (42.3%)

Broadcom

AAPL (28.3%)

Apple

MSFT (25.3%)

Microsoft

GOOGL (18.2%)

Alphabet

Higher Total Yield (Value for MUR: 5.2%)

BAC (7.8%)

Bank of America

JNJ (7.2%)

Johnson & Johnson

HD (7.0%)

Home Depot

BRK-B (6.7%)

Berkshire Hathaway

JPM (6.7%)

JPMorgan Chase

Best Bets in Energy

What You Pay

P/EBIT (Value for MUR: 19.8x)

AM (13.4x)

Antero Midstream

MGY (12.2x)

Magnolia Oil & Gas

DTM (17.6x)

DT Midstream

INSW (10.7x)

International Seaways

WHD (14.2x)

Cactus

CRC (9.0x)

California Resources

EQT (10.7x)

EQT

CTRA (10.1x)

Coterra Energy

LNG (6.0x)

Cheniere Energy

EOG (10.8x)

EOG Resources

P/E (Value for MUR: 53.1x)

AM (24.4x)

Antero Midstream

MGY (16.4x)

Magnolia Oil & Gas

DTM (30.3x)

DT Midstream

INSW (12.2x)

International Seaways

WHD (22.5x)

Cactus

CRC (15.1x)

California Resources

EQT (18.0x)

EQT

CTRA (14.6x)

Coterra Energy

LNG (10.4x)

Cheniere Energy

EOG (14.3x)

EOG Resources

What You Get

Rev Chg 3Y Avg (Value for MUR: -13.9%)

AM (8.4%)

Antero Midstream

MGY (-6.9%)

Magnolia Oil & Gas

DTM (11.1%)

DT Midstream

INSW (0.5%)

International Seaways

WHD (19.3%)

Cactus

CRC (2.3%)

California Resources

EQT (1.6%)

EQT

CTRA (-0.8%)

Coterra Energy

LNG (-11.6%)

Cheniere Energy

EOG (-8.0%)

EOG Resources

Rev Chg LTM (Value for MUR: -10.9%)

AM (7.0%)

Antero Midstream

MGY (-0.3%)

Magnolia Oil & Gas

DTM (26.7%)

DT Midstream

INSW (-11.4%)

International Seaways

WHD (-4.5%)

Cactus

CRC (15.4%)

California Resources

EQT (60.0%)

EQT

CTRA (40.1%)

Coterra Energy

LNG (27.2%)

Cheniere Energy

EOG (-3.4%)

EOG Resources

Rev Chg Q (Value for MUR: -8.4%)

AM (3.1%)

Antero Midstream

MGY (-2.7%)

Magnolia Oil & Gas

DTM (27.3%)

DT Midstream

INSW (37.6%)

International Seaways

WHD (-4.0%)

Cactus

CRC (-13.8%)

California Resources

EQT (25.8%)

EQT

CTRA (40.4%)

Coterra Energy

LNG (22.9%)

Cheniere Energy

EOG (0.1%)

EOG Resources

FCF/Rev 3Y Avg (Value for MUR: 17.8%)

AM (55.3%)

Antero Midstream

MGY (33.1%)

Magnolia Oil & Gas

DTM (26.8%)

DT Midstream

INSW (25.7%)

International Seaways

WHD (24.0%)

Cactus

CRC (23.2%)

California Resources

EQT (22.6%)

EQT

CTRA (22.2%)

Coterra Energy

LNG (21.1%)

Cheniere Energy

EOG (20.7%)

EOG Resources

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 5.4%, alpha of -0.1%, and sharpe of 0.25

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Murphy Oil Stock (-10%): Civette Well Disappointment Derails Exploration Narrative	01/21/2026
2	Murphy Oil Stock (+9.4%): GoM Discovery Forces Valuation Re-Rate	01/09/2026
3	Murphy Oil Earnings Notes	12/25/2025
4	Would You Still Hold Murphy Oil Stock If It Fell Another 30%?	10/17/2025
5	Murphy Oil vs Charter Communications: Which Is A Better Investment?	08/18/2025
6	Murphy Oil vs Devon Energy: Which Is A Better Investment?	08/18/2025
7	How Does Murphy Oil Stock Stack Up Against Its Peers?	08/13/2025
8	Better Bet Than MUR Stock: Pay Less Than Murphy Oil To Get More From CHTR, IBKR	08/12/2025
9	Better Bet Than MUR Stock: Pay Less Than Murphy Oil To Get More From PR, APA	08/12/2025
10	ARTICLES
11	Small Cap Stocks Trading At 52-Week High	03/26/2026
12	Why Has Murphy Oil’s Stock Rallied 15% In A Fortnight?	11/22/2019

	Title
0	DASHBOARDS
1	Murphy Oil Stock (-10%): Civette Well Disappointment Derails Exploration Narrative
2	Murphy Oil Stock (+9.4%): GoM Discovery Forces Valuation Re-Rate
3	Murphy Oil Earnings Notes
4	Would You Still Hold Murphy Oil Stock If It Fell Another 30%?
5	Murphy Oil vs Charter Communications: Which Is A Better Investment?
6	Murphy Oil vs Devon Energy: Which Is A Better Investment?
7	How Does Murphy Oil Stock Stack Up Against Its Peers?
8	Better Bet Than MUR Stock: Pay Less Than Murphy Oil To Get More From CHTR, IBKR
9	Better Bet Than MUR Stock: Pay Less Than Murphy Oil To Get More From PR, APA
10	ARTICLES
11	Small Cap Stocks Trading At 52-Week High
12	Why Has Murphy Oil’s Stock Rallied 15% In A Fortnight?

Trade Ideas

Select ideas related to MUR.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
KGS_3312026_Insider_Buying_45D_2Buy_200K	03312026	KGS	Kodiak Gas Services	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
KOS_3312026_Insider_Buying_45D_2Buy_200K	03312026	KOS	Kosmos Energy	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
TPL_12262025_Dip_Buyer_ValueBuy	12262025	TPL	Texas Pacific Land	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	65.2%	65.2%	-2.1%
NOV_12122025_Insider_Buying_GTE_1Mil_EBITp+DE_V2	12122025	NOV	NOV	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	15.3%	15.3%	-6.5%
RIG_12122025_Insider_Buying_GTE_1Mil_EBITp+DE_V2	12122025	RIG	Transocean	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	60.5%	60.5%	-7.0%
MUR_2282025_Insider_Buying_GTE_1Mil_EBITp+DE_V2	02282025	MUR	Murphy Oil	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	-3.4%	31.6%	-25.9%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
INBX	Inhibrx Biosciences	1.8	36.9%	45.7%
NMAX	Newsmax	1.2	26.9%	19.5%
POET	POET Technologies	1.1	24.6%	101.7%
REPL	Replimune	0.2	22.0%	-76.6%
NVTS	Navitas Semiconductor	4.1	20.5%	158.7%
WTI	W&T Offshore	0.6	20.4%	140.1%
HCSG	Healthcare Services	1.6	18.3%	19.7%
LWLG	Lightwave Logic	2.1	17.4%	367.9%
MPLT	MapLight Therapeutics	1.3	16.3%	82.9%
SMR	NuScale Power	4.3	16.3%	-4.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
CAR	Avis Budget	15.6	-37.8%	246.0%
NN	NextNav	2.4	-22.2%	5.6%
SON	Sonoco Products	4.7	-16.2%	10.1%
CALX	Calix	2.9	-14.0%	-19.4%
TNL	Travel+Leisure	4.2	-13.6%	-5.9%
ULCC	Frontier	0.9	-11.8%	-20.8%
AMSF	AMERISAFE	0.6	-9.6%	-21.0%
TEL	TE Connectivity	65.0	-9.1%	-2.5%
PHAT	Phathom Pharmaceuticals	0.9	-8.9%	-29.3%
EQPT	EquipmentShare.com	5.4	-8.3%	-34.0%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
POET	POET Technologies	1.1	83.2%	101.7%
NVTS	Navitas Semiconductor	4.1	80.0%	158.7%
MXL	MaxLinear	3.0	54.0%	94.4%
FBYD	Falcons Beyond Global	0.6	43.5%	3.3%
USAR	USA Rare Earth	2.6	38.5%	113.5%
AXTI	AXT	3.9	38.2%	431.7%
INBX	Inhibrx Biosciences	1.8	37.7%	45.7%
NMAX	Newsmax	1.2	37.5%	19.5%
VICR	Vicor	12.0	36.5%	141.8%
WTI	W&T Offshore	0.6	35.4%	140.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
QDEL	QuidelOrtho	0.8	-32.0%	-58.3%
IIIN	Insteel Industries	0.5	-31.6%	-20.9%
AGIO	Agios Pharmaceuticals	1.6	-22.4%	-1.8%
BMI	Badger Meter	3.6	-21.3%	-29.0%
ANAB	AnaptysBio	1.5	-21.1%	10.5%
VSEC	VSE	4.1	-18.6%	5.9%
TNL	Travel+Leisure	4.2	-16.2%	-5.9%
LCID	Lucid	2.2	-15.8%	-34.6%
FMC	FMC	1.8	-15.7%	6.4%
FTAI	FTAI Aviation	23.4	-15.4%	16.1%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CAR	Avis Budget	15.6	313.8%	246.0%
AEHR	Aehr Test Systems	2.9	162.1%	382.2%
CBIO	Crescent Biopharma	0.8	144.4%	127.5%
APLS	Apellis Pharmaceuticals	5.2	132.7%	62.8%
FBYD	Falcons Beyond Global	0.6	130.0%	3.3%
POET	POET Technologies	1.1	110.7%	101.7%
SGML	Sigma Lithium	2.4	107.9%	63.2%
LWLG	Lightwave Logic	2.1	104.9%	367.9%
KOD	Kodiak Sciences	2.4	103.2%	61.6%
NVTS	Navitas Semiconductor	4.1	101.2%	158.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
PIPR	Piper Sandler Cos	6.0	-70.2%	6.8%
REPL	Replimune	0.2	-67.5%	-76.6%
VRDN	Viridian Therapeutics	1.4	-48.1%	-54.0%
MAZE	Maze Therapeutics	1.2	-45.9%	-36.0%
BUR	Burford Capital	1.0	-39.7%	-47.2%
TASK	TaskUs	0.6	-36.7%	-9.4%
WVE	WAVE Life Sciences	1.3	-36.5%	-56.6%
LCID	Lucid	2.2	-33.0%	-34.6%
QDEL	QuidelOrtho	0.8	-28.1%	-58.3%
ESPR	Esperion Therapeutics	0.5	-24.8%	-46.8%

Peer Comparisons

Peers to compare with:

Financials

	MUR	COP	EOG	FANG	DVN	CTRA	Median
Name	Murphy O.	ConocoPh.	EOG Reso.	Diamondb.	Devon En.	Coterra .
Mkt Price	38.76	122.60	133.01	193.87	47.12	32.93	84.86
Mkt Cap	5.5	151.1	71.4	55.4	29.2	25.1	42.3
Rev LTM	2,690	58,944	22,582	14,929	17,188	7,645	16,058
Op Inc LTM	426	11,342	7,250	4,918	3,856	2,447	4,387
FCF LTM	198	7,243	3,450	-703	2,797	1,634	2,216
FCF 3Y Avg	555	7,989	4,792	-1,624	1,514	1,406	1,460
CFO LTM	1,248	19,796	10,044	8,758	6,711	4,021	7,734
CFO 3Y Avg	1,575	19,962	11,176	7,030	6,618	3,491	6,824

Growth & Margins

	MUR	COP	EOG	FANG	DVN	CTRA	Median
Name	Murphy O.	ConocoPh.	EOG Reso.	Diamondb.	Devon En.	Coterra .
Rev Chg LTM	-10.9%	7.7%	-3.4%	35.4%	7.8%	40.1%	7.7%
Rev Chg 3Y Avg	-13.9%	-7.8%	-8.0%	18.3%	-2.7%	-0.8%	-5.2%
Rev Chg Q	-8.4%	-5.9%	0.1%	-9.6%	-6.4%	40.4%	-6.2%
QoQ Delta Rev Chg LTM	-2.1%	-1.4%	0.0%	-2.3%	-1.6%	8.0%	-1.5%
Op Inc Chg LTM	-38.6%	-11.3%	-12.2%	11.9%	-7.9%	76.6%	-9.6%
Op Inc Chg 3Y Avg	-39.4%	-22.4%	-19.0%	-7.3%	-20.2%	-5.8%	-19.6%
Op Mgn LTM	15.9%	19.2%	32.1%	32.9%	22.4%	32.0%	27.2%
Op Mgn 3Y Avg	23.3%	23.1%	35.3%	42.5%	27.0%	31.2%	29.1%
QoQ Delta Op Mgn LTM	-2.0%	-1.7%	-1.3%	-1.6%	-0.4%	0.9%	-1.4%
CFO/Rev LTM	46.4%	33.6%	44.5%	58.7%	39.0%	52.6%	45.4%
CFO/Rev 3Y Avg	51.5%	35.3%	48.4%	62.6%	41.1%	55.2%	50.0%
FCF/Rev LTM	7.4%	12.3%	15.3%	-4.7%	16.3%	21.4%	13.8%
FCF/Rev 3Y Avg	17.8%	14.1%	20.7%	-13.0%	9.3%	22.2%	16.0%

Valuation

	MUR	COP	EOG	FANG	DVN	CTRA	Median
Name	Murphy O.	ConocoPh.	EOG Reso.	Diamondb.	Devon En.	Coterra .
Mkt Cap	5.5	151.1	71.4	55.4	29.2	25.1	42.3
P/S	2.1	2.6	3.2	3.7	1.7	3.3	2.9
P/Op Inc	13.0	13.3	9.9	11.3	7.6	10.2	10.8
P/EBIT	19.8	10.9	10.8	25.9	7.4	10.1	10.9
P/E	53.1	18.9	14.3	33.3	11.1	14.6	16.8
P/CFO	4.4	7.6	7.1	6.3	4.4	6.2	6.3
Total Yield	5.2%	7.9%	10.0%	5.1%	11.2%	9.6%	8.8%
Dividend Yield	3.4%	2.6%	3.0%	2.1%	2.1%	2.7%	2.7%
FCF Yield 3Y Avg	11.0%	6.4%	7.3%	-2.8%	5.8%	7.2%	6.8%
D/E	0.4	0.2	0.1	0.3	0.3	0.2	0.2
Net D/E	0.3	0.1	0.1	0.3	0.2	0.2	0.2

Returns

	MUR	COP	EOG	FANG	DVN	CTRA	Median
Name	Murphy O.	ConocoPh.	EOG Reso.	Diamondb.	Devon En.	Coterra .
1M Rtn	3.1%	-3.6%	-4.0%	1.1%	-2.8%	-2.6%	-2.7%
3M Rtn	24.0%	27.2%	24.1%	27.5%	25.5%	24.0%	24.8%
6M Rtn	44.6%	42.7%	27.4%	38.0%	47.1%	43.6%	43.1%
12M Rtn	90.5%	41.3%	23.7%	45.9%	54.9%	35.8%	43.6%
3Y Rtn	16.9%	32.0%	26.0%	53.5%	-2.0%	42.5%	29.0%
1M Excs Rtn	-5.4%	-12.1%	-12.5%	-7.4%	-11.3%	-11.0%	-11.2%
3M Excs Rtn	20.2%	23.4%	20.2%	23.7%	21.7%	20.2%	20.9%
6M Excs Rtn	37.6%	37.3%	21.2%	33.1%	43.3%	36.9%	37.1%
12M Excs Rtn	57.2%	6.5%	-12.1%	12.1%	25.6%	-1.1%	9.3%
3Y Excs Rtn	-60.3%	-44.1%	-49.5%	-22.2%	-76.9%	-30.7%	-46.8%

Comparison Analyses

	Title
0	How Does Murphy Oil Stock Stack Up Against Its Peers?
1	With 36% Gains On The Table, MTDR May Outshine MUR
2	MUR Looks Stronger Than EPM With 6.3% Return Potential
3	Murphy Oil vs Alkermes: Similar Market Cap; Which Stock Is A Better Bet?
4	Murphy Oil vs Hexcel: Similar Market Cap; Which Stock Is A Better Bet?

FDIC Bank Data

Bank Capital

null

Bank Deposits

null

Bank Assets

null

Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	2/25/2026	2/25/2026	2/27/2025	2/23/2024	2/27/2023	2/25/2022	2/26/2021
Key Financials
Total Revenue	2,690	2,690	3,019	3,449	4,220	2,801	1,752
EBITDA	1,257	1,257	1,539	1,895	2,378	1,060	-392
Operating Income	426	426	695	1,074	1,931	1,021	-293
Net Income	104	104	407	662	965	-74	-1,149
EPS	0.73	0.73	2.71	4.26	6.22	-0.48	-7.48
Growth Rates
Total Revenue Growth	-10.9%	-10.9%	-12.5%	-18.3%	50.7%	59.9%	-37.8%
EBITDA Growth	-18.4%	-18.4%	-18.8%	-20.3%	124.4%	370.1%	-124.6%
Operating Income Growth	-38.6%	-38.6%	-35.3%	-44.4%	89.2%	448.3%	-156.4%
Net Income Growth	-74.4%	-74.4%	-38.5%	-31.4%	1410.1%	93.6%	-199.9%
Margins
EBITDA Margin	46.7%	46.7%	51.0%	54.9%	56.3%	37.8%	-22.4%
Operating Income Margin	15.9%	15.9%	23.0%	31.1%	45.8%	36.4%	-16.7%
Net Income Margin	3.9%	3.9%	13.5%	19.2%	22.9%	-2.6%	-65.6%
Cash & Debt
Total Cash	377	377	424	317	492	521	311
Total Debt	2,202	2,202	2,066	2,089	2,786	3,367	3,937
Net Debt / (Cash)	1,824	1,824	1,642	1,772	2,294	2,845	3,626
Cash Flows
Net Cash from Operations	1,248	1,248	1,729	1,749	2,180	1,422	803
Free Cash from Operations	198	198	821	647	1,066	734	-70
Returns to Shareholders
Dividends	186	186	180	171	128	77	96
Share Repurchases	103	103	301	150	-0	-0	-0

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	2/25/2026	11/5/2025	8/6/2025	5/7/2025	2/27/2025	11/7/2024	8/8/2024	5/2/2024	2/23/2024	11/2/2023	8/3/2023	5/3/2023
Key Financials Quarterly
Total Revenue	613	721	683	673	670	753	801	795	842	954	813	840
Ebitda	292	305	319	340	338	399	426	377	406	624	373	492
Operating Income	55	121	91	160	120	184	193	197	209	383	176	306
Net Income	12	-3	22	73	50	139	128	90	116	255	98	192
EPS	0.08	-0.02	0.16	0.51	0.35	0.93	0.84	0.59	0.76	1.64	0.63	1.22
Key Financials TTM
Total Revenue TTM	2,690	2,746	2,779	2,896	3,019	3,191	3,392	3,404	3,449	3,593	3,805	4,189
Ebitda TTM	1,257	1,302	1,396	1,503	1,539	1,608	1,833	1,779	1,895	2,009	2,371	2,751
Operating Income TTM	426	492	555	657	695	783	981	964	1,074	1,210	1,458	1,947
Net Income TTM	104	143	285	390	407	473	589	560	662	745	1,018	1,270
Growth Rates Quarterly
Total Revenue Growth	-8.4%	-4.3%	-14.7%	-15.4%	-20.5%	-21.0%	-1.5%	-5.4%	-14.6%	-18.2%	-32.0%	-3.6%
EBITDA Growth	-13.4%	-23.6%	-25.1%	-9.6%	-16.8%	-36.1%	14.3%	-23.5%	-21.9%	-36.7%	-50.5%	312.0%
Operating Income Growth	-54.0%	-34.3%	-53.1%	-19.0%	-42.3%	-51.8%	9.7%	-35.7%	-39.5%	-39.4%	-73.5%	5.3%
Net Income Growth	-76.4%	-102.1%	-82.6%	-18.9%	-56.7%	-45.5%	30.0%	-53.0%	-41.7%	-51.7%	-72.0%	269.1%
Margins Quarterly
EBITDA Margin	47.7%	42.2%	46.7%	50.6%	50.4%	52.9%	53.2%	47.4%	48.2%	65.4%	45.9%	58.6%
Operating Income Margin	9.0%	16.8%	13.3%	23.7%	18.0%	24.5%	24.1%	24.8%	24.8%	40.1%	21.6%	36.5%
Net Income Margin	1.9%	-0.4%	3.3%	10.9%	7.5%	18.5%	15.9%	11.3%	13.8%	26.8%	12.1%	22.8%
Cash & Debt
Total Cash	377	426	380	393	424	271	334	323	317	328	369	312
Total Debt	2,202	2,219	2,161	2,202	2,066	2,153	2,180	2,025	2,089	2,384	2,707	2,743
Net Debt / (Cash)	1,824	1,793	1,781	1,809	1,642	1,882	1,846	1,702	1,772	2,056	2,338	2,431
Cash Flows Quarterly
FCF from Operations	250	339	358	301	434	429	468	399	543	456	470	280
Cash Flows TTM
FCF from Operations TTM	1,248	1,432	1,521	1,631	1,729	1,838	1,866	1,868	1,749	1,722	1,971	2,122
Returns to Shareholders Quarterly
Dividends	46	46	46	47	44	45	46	46	42	43	43	43
Share Repurchases	-0	-0	3	100	1	194	56	50	75	75	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	9.3%	27.0%	19.7%	25.9%	24.3%	38.6%	34.6%	36.8%	39.0%	58.1%	21.9%	40.3%
Return on Invested Capital (ROIC) TTM
ROIC TTM	17.7%	21.4%	27.2%	30.9%	36.5%	35.7%	42.7%	44.4%	47.7%	45.8%	48.7%	63.2%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Single Segment	3,019	3,449
Crude oil and condensate revenue			3,358	2,323	1,460
Natural gas liquids revenue			143	111	51
Natural gas revenue			538	368	240
Sales of purchased natural gas			182
Total	3,019	3,449	4,220	2,801	1,752

Price Behavior

Price Behavior

Market Price	$38.76
Market Cap ($ Bil)	5.5
First Trading Date	04/06/1983
Distance from 52W High	-9.3%
	50 Days	200 Days
DMA Price	$36.53	$30.06
DMA Trend	up	up
Distance from DMA	6.1%	28.9%
	3M	1YR
Volatility	50.0%	46.9%
Downside Capture	-0.44	-0.08
Upside Capture	20.29	69.48
Correlation (SPY)	-8.9%	18.0%

MUR Betas & Captures as of 3/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	-1.61	-0.44	0.13	0.60	1.46	1.08
Up Beta	-8.35	-0.26	-0.09	0.96	1.59	1.33
Down Beta	-1.05	0.56	1.98	1.74	2.30	1.62
Up Capture	8%	16%	2%	53%	81%	30%
Bmk +ve Days	7	16	27	65	139	424
Stock +ve Days	14	25	34	65	130	377
Down Capture	-252%	-206%	-169%	-61%	59%	84%
Bmk -ve Days	12	23	33	58	110	323
Stock -ve Days	8	17	29	60	120	372

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with MUR
MUR	96.1%	46.9%	1.58	-
Sector ETF (XLE)	46.3%	19.8%	1.80	74.0%
Equity (SPY)	26.7%	12.5%	1.77	18.3%
Gold (GLD)	38.9%	27.4%	1.19	1.5%
Commodities (DBC)	23.5%	16.2%	1.32	50.5%
Real Estate (VNQ)	15.6%	13.6%	0.82	9.4%
Bitcoin (BTCUSD)	-12.8%	42.6%	-0.21	23.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with MUR
MUR	21.4%	46.5%	0.57	-
Sector ETF (XLE)	22.6%	26.1%	0.78	84.2%
Equity (SPY)	10.5%	17.1%	0.48	41.4%
Gold (GLD)	21.5%	17.8%	0.99	10.9%
Commodities (DBC)	10.7%	18.8%	0.47	61.0%
Real Estate (VNQ)	3.6%	18.8%	0.09	29.0%
Bitcoin (BTCUSD)	3.8%	56.4%	0.29	15.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with MUR
MUR	6.8%	55.4%	0.35	-
Sector ETF (XLE)	10.1%	29.5%	0.38	82.7%
Equity (SPY)	13.8%	17.9%	0.66	45.5%
Gold (GLD)	13.9%	15.9%	0.73	4.3%
Commodities (DBC)	8.1%	17.6%	0.38	58.6%
Real Estate (VNQ)	5.4%	20.7%	0.23	34.8%
Bitcoin (BTCUSD)	68.1%	66.9%	1.07	13.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	3312026
Short Interest: Shares Quantity	11.3 Mil
Short Interest: % Change Since 3152026	-4.4%
Average Daily Volume	3.3 Mil
Days-to-Cover Short Interest	3.4 days
Basic Shares Quantity	142.8 Mil
Short % of Basic Shares	7.9%

Returns Analyses

	Title
0	Would You Still Hold Murphy Oil Stock If It Fell Another 30%?
1	Murphy Oil Stock Return Comparison
2	Murphy Oil Total Shareholder Return (TSR): 67.9% in 2022 and 20.6% 3-yr returns (below peer average)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
1/28/2026	-1.1%	0.9%	6.6%
11/5/2025	5.3%	8.6%	23.2%
8/6/2025	-3.3%	-1.6%	7.0%
5/7/2025	1.8%	9.4%	8.7%
1/30/2025	-5.9%	-8.6%	-8.2%
11/7/2024	0.6%	-1.2%	-7.9%
8/8/2024	0.9%	0.1%	-5.0%
5/2/2024	0.1%	1.0%	-2.5%
...
SUMMARY STATS
# Positive	13	15	14
# Negative	10	8	9
Median Positive	2.1%	6.7%	10.6%
Median Negative	-3.2%	-5.1%	-5.0%
Max Positive	10.7%	12.7%	75.0%
Max Negative	-7.6%	-15.5%	-14.8%

	Forward Returns
1/28/2026	-1.1%	0.9%	6.6%
11/5/2025	5.3%	8.6%	23.2%
8/6/2025	-3.3%	-1.6%	7.0%
5/7/2025	1.8%	9.4%	8.7%
1/30/2025	-5.9%	-8.6%	-8.2%
11/7/2024	0.6%	-1.2%	-7.9%
8/8/2024	0.9%	0.1%	-5.0%
5/2/2024	0.1%	1.0%	-2.5%
11/2/2023	3.0%	-4.6%	-2.8%
8/3/2023	3.6%	6.9%	9.3%
5/3/2023	-0.3%	0.8%	5.2%
1/26/2023	5.8%	-1.6%	-7.3%
11/3/2022	-3.2%	-5.6%	-4.6%
8/4/2022	1.3%	5.5%	19.4%
5/4/2022	2.1%	-15.5%	12.0%
1/27/2022	1.7%	6.7%	8.3%
11/4/2021	-1.4%	2.5%	-4.6%
8/5/2021	5.7%	12.7%	9.0%
5/6/2021	-0.4%	9.0%	31.8%
1/28/2021	-7.6%	-6.1%	17.7%
11/5/2020	-5.3%	12.5%	64.5%
8/6/2020	-3.6%	4.4%	-14.8%
5/7/2020	10.7%	6.7%	75.0%
SUMMARY STATS
# Positive	13	15	14
# Negative	10	8	9
Median Positive	2.1%	6.7%	10.6%
Median Negative	-3.2%	-5.1%	-5.0%
Max Positive	10.7%	12.7%	75.0%
Max Negative	-7.6%	-15.5%	-14.8%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
12/31/2025	02/25/2026	10-K
09/30/2025	11/05/2025	10-Q
06/30/2025	08/06/2025	10-Q
03/31/2025	05/07/2025	10-Q
12/31/2024	02/27/2025	10-K
09/30/2024	11/07/2024	10-Q
06/30/2024	08/08/2024	10-Q
03/31/2024	05/02/2024	10-Q
12/31/2023	02/23/2024	10-K
09/30/2023	11/02/2023	10-Q
06/30/2023	08/03/2023	10-Q
03/31/2023	05/03/2023	10-Q
12/31/2022	02/27/2023	10-K
09/30/2022	11/03/2022	10-Q
06/30/2022	08/04/2022	10-Q
03/31/2022	05/04/2022	10-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 1/28/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
Q1 2026 Total Net Production	0.16 Mil	0.17 Mil	0.17 Mil	-6.7%		Lowered	Guidance: 0.18 Mil for Q4 2025
Q1 2026 Capital Expenditures	500.00 Mil	540.00 Mil	580.00 Mil
Q1 2026 Exploration Expense	100.00 Mil	120.00 Mil	140.00 Mil	50.0%		Raised	Guidance: 80.00 Mil for Q4 2025
2026 Total Net Production	0.17 Mil	0.17 Mil	0.17 Mil	-4.2%		Lowered	Guidance: 0.18 Mil for 2025
2026 Capital Expenditures	1.20 Bil	1.25 Bil	1.30 Bil	3.3%		Raised	Guidance: 1.21 Bil for 2025

Prior: Q3 2025 Earnings Reported 11/5/2025

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
Q4 2025 Total Net Production	0.18 Mil	0.18 Mil	0.18 Mil	-4.8%		Lower New	Actual: 0.19 Mil for Q3 2025
Q4 2025 Exploration Expense		80.00 Mil		100.0%		Higher New	Actual: 40.00 Mil for Q3 2025
2025 Total Net Production	0.17 Mil	0.18 Mil	0.18 Mil	0		Affirmed	Guidance: 0.18 Mil for 2025
2025 Capital Expenditures	1.14 Bil	1.21 Bil	1.28 Bil	0		Affirmed	Guidance: 1.21 Bil for 2025

Insider Activity

Expand for Morenull

MUR Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

How Is The Market Pricing MUR?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What MUR Makes & Who Pays

TTM figures based on

MUR Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Murphy Oil (MUR)

Market Price (4/23/2026): $38.8 | Market Cap: $5.5 BilSector: Energy | Industry: Oil & Gas Exploration & Production

Murphy Oil (MUR)

Market Price (4/23/2026): $38.8Market Cap: $5.5 BilSector: EnergyIndustry: Oil & Gas Exploration & Production

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Murphy Oil (MUR)

Eric M. Hambly

Thomas J. “Tom” Mireles

E. Ted Botner

Maria A. Martinez

Daniel R. Hanchera

Crude Oil

Natural Gas

Natural Gas Liquids (NGLs)

Interactive Breakdown

Better Bets vs. Murphy Oil (MUR)

INDUSTRY: Oil & Gas Exploration & Production

Higher Rev Chg 3Y Avg | Lower P/S (Values for MUR: -13.9% | 2.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MUR: -13.9% | 13.0x)

Higher Rev Chg LTM (Value for MUR: -10.9%)

Higher Rev Chg 3Y Avg (Value for MUR: -13.9%)

Higher Op Mgn LTM (Value for MUR: 15.9%)

Higher CFO/Rev LTM (Value for MUR: 46.4%)

Higher FCF/Rev LTM (Value for MUR: 7.4%)

Higher Total Yield (Value for MUR: 5.2%)

SECTOR: Energy

Higher Rev Chg 3Y Avg | Lower P/S (Values for MUR: -13.9% | 2.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MUR: -13.9% | 13.0x)

Higher Rev Chg LTM (Value for MUR: -10.9%)

Higher Rev Chg 3Y Avg (Value for MUR: -13.9%)

Higher Op Mgn LTM (Value for MUR: 15.9%)

Higher CFO/Rev LTM (Value for MUR: 46.4%)

Higher FCF/Rev LTM (Value for MUR: 7.4%)

Higher Total Yield (Value for MUR: 5.2%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for MUR: -13.9% | 2.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MUR: -13.9% | 13.0x)

Higher Rev Chg LTM (Value for MUR: -10.9%)

Higher Rev Chg 3Y Avg (Value for MUR: -13.9%)

Higher Op Mgn LTM (Value for MUR: 15.9%)

Higher CFO/Rev LTM (Value for MUR: 46.4%)

Higher FCF/Rev LTM (Value for MUR: 7.4%)

Higher Total Yield (Value for MUR: 5.2%)

Best Bets in Energy

P/EBIT (Value for MUR: 19.8x)

P/E (Value for MUR: 53.1x)

Rev Chg 3Y Avg (Value for MUR: -13.9%)

Rev Chg LTM (Value for MUR: -10.9%)

Rev Chg Q (Value for MUR: -8.4%)

FCF/Rev 3Y Avg (Value for MUR: 17.8%)

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Research & Analysis

Market Price (4/23/2026): $38.8 | Market Cap: $5.5 Bil
Sector: Energy | Industry: Oil & Gas Exploration & Production

Market Price (4/23/2026): $38.8
Market Cap: $5.5 Bil
Sector: Energy
Industry: Oil & Gas Exploration & Production