Tearsheet

Murphy Oil (MUR)

Market Price (12/20/2025): $31.5 | Market Cap: $4.5 Bil
Sector: Energy | Industry: Oil & Gas Exploration & Production

Murphy Oil (MUR)

Market Price (12/20/2025): $31.5
Market Cap: $4.5 Bil
Sector: Energy
Industry: Oil & Gas Exploration & Production

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.2%, Dividend Yield is 4.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%, FCF Yield is 9.0%	Weak multi-year price returns 2Y Excs Rtn is -64%, 3Y Excs Rtn is -88%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -14%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -12%, Rev Chg QQuarterly Revenue Change % is -4.3%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 52%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%	Key risks MUR key risks include [1] a deteriorating success rate in its exploration programs, Show more.
2	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.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.2%, Dividend Yield is 4.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%, FCF Yield is 9.0%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 52%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15%
2	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.
3	Weak multi-year price returns 2Y Excs Rtn is -64%, 3Y Excs Rtn is -88%
4	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -14%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -12%, Rev Chg QQuarterly Revenue Change % is -4.3%
6	Key risks MUR key risks include [1] a deteriorating success rate in its exploration programs, Show more.

Valuation, Metrics & Events

	12/20/25	2024	2023	2022	2021
Share Price CYE	$31.50	$28.75	$39.26	$38.50	$22.73
Market Cap CYE ($ Bil)	4.5	4.2	6.0	6.0	3.5
Total Debt ($ Bil)	2.2	2.1	2.1	2.8	3.4
Total Cash ($ Bil)	0.4	0.4	0.3	0.5	0.5
Enterprise Value ($ Bil)	6.3	6.3	8.1	8.8	6.9
Valuation Ratios
P/S TTM	1.6	1.5	1.9	1.6	1.4
P/EBIT TTM	12.9	6.7	6.4	4.2	15.2
P/E TTM	31.5	11.1	10.0	6.9	-54.7
P/FCF TTM	11.1	5.5	10.2	6.3	5.5
Sector Ratios
P/S TTM (Sector)	1.3	1.5	1.5	1.3	1.3
P/EBIT TTM (Sector)	7.6	6.7	5.7	4.1	4.7
P/E TTM (Sector)	11.0	10.2	8.4	5.5	5.2
P/FCF TTM (Sector)	6.9	7.1	7.4	5.0	5.3

	12/20/25	2024	2023
Share Price CYE	$31.50	$28.75	$39.26
Market Cap CYE ($ Bil)	4.5	4.2	6.0
Total Debt ($ Bil)	2.2	2.1	2.1
Total Cash ($ Bil)	0.4	0.4	0.3
Enterprise Value ($ Bil)	6.3	6.3	8.1
Valuation Ratios
P/S TTM	1.6	1.5	1.9
P/EBIT TTM	12.9	6.7	6.4
P/E TTM	31.5	11.1	10.0
P/FCF TTM	11.1	5.5	10.2
Sector Ratios
P/S TTM (Sector)	1.3	1.5	1.5
P/EBIT TTM (Sector)	7.6	6.7	5.7
P/E TTM (Sector)	11.0	10.2	8.4
P/FCF TTM (Sector)	6.9	7.1	7.4

	MUR	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	2.7
Rev Chg Q	-4.3%	7.2%
Rev Chg LTM	-13.9%	6.0%
Rev Chg 3Y Avg	-11.7%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.5
CFO LTM ($ Bil)	1.4
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	17.9%	18.8%
CFO/Rev LTM	52.1%	20.4%
Net Inc Mgn	5.2%	13.1%
VALUATION	MODERATE
P/S	1.6	3.2
P/CFO	3.1	15.6
P/FCF	11.1	20.6
P/E	31.5	23.5
STABILITY	FAIR
Debt/Equity	0.49	0.21
Cash/Assets	0.04	0.07

AI Generated Analysis | Feedback

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
1/29/2026	Earnings Release	Rev: $652 Mil (E) EPS: $-0.02 (E)

MUR Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are key points for Murphy Oil's stock movement from approximately August 31, 2025, to December 20, 2025: 1. Murphy Oil reported strong operational performance in the third quarter of 2025, exceeding its production guidance. The company achieved 200.4 thousand barrels of oil equivalent per day (MBOEPD) against a guidance range of 185 to 193 MBOEPD, driven by higher-than-expected initial production rates and robust well performance. This outperformance also included improved operating expenses.

2. The company announced the commencement of a high-risk/reward exploration program in Côte d'Ivoire during the fourth quarter of 2025. This three-well program is considered a significant catalyst due to its substantial resource growth potential, with results from the first prospect, Civette, anticipated in late January 2026.

Stock Movement Drivers

Fundamental Drivers

The 20.3% change in MUR stock from 9/19/2025 to 12/19/2025 was primarily driven by a 140.0% change in the company's P/E Multiple.

	9192025	12192025	Change
Stock Price ($)	26.26	31.58	20.27%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2778.54	2746.34	-1.16%
Net Income Margin (%)	10.25%	5.20%	-49.30%
P/E Multiple	13.16	31.59	140.05%
Shares Outstanding (Mil)	142.72	142.73	-0.01%
Cumulative Contribution			20.27%

LTM = Last Twelve Months as of date shown

Market Drivers

9/19/2025 to 12/19/2025

	Return	Correlation
MUR	20.3%
Market (SPY)	2.5%	29.2%
Sector (XLE)	0.6%	76.9%

Fundamental Drivers

The 30.4% change in MUR stock from 6/20/2025 to 12/19/2025 was primarily driven by a 252.8% change in the company's P/E Multiple.

	6202025	12192025	Change
Stock Price ($)	24.22	31.58	30.40%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2896.48	2746.34	-5.18%
Net Income Margin (%)	13.47%	5.20%	-61.44%
P/E Multiple	8.95	31.59	252.79%
Shares Outstanding (Mil)	144.28	142.73	1.08%
Cumulative Contribution			30.39%

LTM = Last Twelve Months as of date shown

Market Drivers

6/20/2025 to 12/19/2025

	Return	Correlation
MUR	30.4%
Market (SPY)	14.8%	22.7%
Sector (XLE)	0.9%	80.7%

Fundamental Drivers

The 18.1% change in MUR stock from 12/19/2024 to 12/19/2025 was primarily driven by a 274.2% change in the company's P/E Multiple.

	12192024	12192025	Change
Stock Price ($)	26.74	31.58	18.10%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3191.29	2746.34	-13.94%
Net Income Margin (%)	14.83%	5.20%	-64.96%
P/E Multiple	8.44	31.59	274.19%
Shares Outstanding (Mil)	149.38	142.73	4.45%
Cumulative Contribution			17.87%

LTM = Last Twelve Months as of date shown

Market Drivers

12/19/2024 to 12/19/2025

	Return	Correlation
MUR	18.1%
Market (SPY)	17.5%	54.0%
Sector (XLE)	9.5%	83.8%

Fundamental Drivers

The -16.0% change in MUR stock from 12/20/2022 to 12/19/2025 was primarily driven by a -77.8% change in the company's Net Income Margin (%).

	12202022	12192025	Change
Stock Price ($)	37.61	31.58	-16.03%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3996.33	2746.34	-31.28%
Net Income Margin (%)	23.37%	5.20%	-77.77%
P/E Multiple	6.26	31.59	404.77%
Shares Outstanding (Mil)	155.45	142.73	8.18%
Cumulative Contribution			-16.59%

LTM = Last Twelve Months as of date shown

Market Drivers

12/20/2023 to 12/19/2025

	Return	Correlation
MUR	-20.3%
Market (SPY)	48.5%	47.4%
Sector (XLE)	10.7%	82.7%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
MUR Return	-53%	121%	69%	2%	-27%	8%	43%
Peers Return	-32%	105%	52%	1%	-4%	-2%	101%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
MUR Win Rate	50%	67%	58%	33%	33%	67%
Peers Win Rate	37%	73%	60%	55%	43%	58%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
MUR Max Drawdown	-82%	0%	0%	-22%	-32%	-34%
Peers Max Drawdown	-63%	-2%	0%	-16%	-13%	-17%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[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] 2025 data is for the year up to 12/19/2025 (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 SU, MTDR, EPM, COP, CNQ

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.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Murphy Oil (MUR)

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.

AI Generated Analysis | Feedback

Here are 1-3 brief analogies for Murphy Oil (MUR):

Imagine ExxonMobil, but without the gas stations, refineries, or chemical plants – Murphy Oil solely focuses on finding and extracting crude oil and natural gas from the earth.
It's like a mining company such as Rio Tinto or Barrick Gold, but instead of metals, Murphy Oil extracts oil and natural gas.

AI Generated Analysis | Feedback

Crude Oil: Extracted from underground reservoirs and sold as a primary energy commodity.
Natural Gas: Produced from various fields and supplied as a clean-burning fuel.
Natural Gas Liquids (NGLs): Components separated from natural gas, including ethane, propane, and butane, used as feedstocks and fuels.

AI Generated Analysis | Feedback

Major Customers of Murphy Oil (MUR)

Murphy Oil Corporation (MUR) is an independent oil and natural gas exploration and production company. As such, it primarily sells its crude oil and natural gas to other companies rather than directly to individuals.

Based on their latest financial disclosures, the major identified customer and general categories of customers are:

Vitol Inc. and its affiliates: This company accounted for approximately 21% of Murphy Oil's consolidated revenues in 2023. Vitol Inc. is one of the world's largest independent energy traders. Vitol Inc. is a private company and therefore does not have a public stock symbol.
Refiners: Companies that process crude oil into refined petroleum products such as gasoline, diesel, and jet fuel.
Marketers: Companies that buy and sell crude oil and natural gas, often acting as intermediaries between producers and end-users or refiners.
Pipeline Companies: Companies that own and operate pipelines for the transportation of crude oil and natural gas.

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

Eric M. Hambly, President and Chief Executive Officer

Eric M. Hambly was appointed President and Chief Executive Officer of Murphy Oil Corporation in February 2024, or January 2025 according to some sources. Before becoming CEO, Mr. Hambly served as the company's Chief Operating Officer and Executive Vice President of Operations from October 2020 to 2024.

Thomas J. Mireles, Executive Vice President & Chief Financial Officer

Thomas J. Mireles has served as Executive Vice President and Chief Financial Officer of Murphy Oil Corporation since 2022. His career at Murphy Oil includes various leadership positions, such as Senior Vice President of Technical Services from 2018 to 2022, Senior Manager Planning and Business Development, Senior Vice President of Western Hemisphere, and Senior Vice President of Eastern Hemisphere.

E. Ted Botner, Executive Vice President, General Counsel & Corporate Secretary

E. Ted Botner holds the position of Executive Vice President, General Counsel & Corporate Secretary at Murphy Oil Corporation.

Daniel R. Hanchera, Senior Vice President, Business Development

Daniel R. Hanchera is the Senior Vice President of Business Development at Murphy Oil Corporation.

Maria A. Martinez, Senior Vice President, Human Resources, Administration and Communications

Maria A. Martinez serves as the Senior Vice President of Human Resources, Administration and Communications for Murphy Oil Corporation.

AI Generated Analysis | Feedback

The key risks to Murphy Oil (MUR) include:

Commodity Price Volatility: Murphy Oil's financial performance is significantly influenced by the inherent volatility of oil and gas markets. Fluctuations in commodity prices can lead to unpredictable revenue streams and impact the company's profitability, as demonstrated by their volatile net profitability despite strong operational efficiency.
Operational Hazards and Exploration Risks: The company's business is subject to the inherent operational hazards and physical security risks associated with oil and natural gas exploration and production. There is a risk of increased volatility or deterioration in the success rate of exploration programs or the ability to maintain production rates and replace reserves. Unexpected production interruptions, particularly in offshore projects, also pose a significant vulnerability.
Environmental and Regulatory Changes: Murphy Oil faces risks from various governmental actions, including changes in tax legislation, trade policies, and environmental regulations. Increased regulatory oversight, especially concerning climate change and greenhouse gas emissions, can affect the company's operations and earnings, and there is a risk of reduced customer demand due to environmental, regulatory, or technological shifts.

AI Generated Analysis | Feedback

The accelerated global adoption of electric vehicles and other alternative energy transportation solutions poses an emerging threat by reducing future demand for crude oil and its derivatives, directly impacting Murphy Oil's primary market.
Increasingly stringent Environmental, Social, and Governance (ESG) investment mandates and financial sector de-risking initiatives are an emerging threat, limiting access to capital and increasing financing costs for new exploration and production projects for Murphy Oil.

AI Generated Analysis | Feedback

Murphy Oil Corporation (NYSE: MUR) primarily operates in the exploration and production of crude oil and natural gas.

Crude Oil

The global crude oil market was valued at approximately USD 2.6 trillion in 2023 and is projected to reach USD 3.0 trillion by 2033.
North America is identified as the largest regional market for crude oil. In 2025, North America is expected to hold 25.45% of the global market revenue, which for a global market size of USD 3415.7 billion would be approximately USD 870 billion.

Natural Gas

The global natural gas market was valued at approximately USD 1.2 trillion in 2024 and is expected to reach USD 1.9 trillion by 2030.
The North America natural gas market was valued at USD 435.26 billion in 2024 and is expected to reach USD 622.63 billion by 2030.

AI Generated Analysis | Feedback

Murphy Oil (MUR) is expected to drive future revenue growth over the next 2-3 years through a combination of increased production from key assets, the advancement of international development projects, and successful high-impact exploration programs, supported by disciplined capital allocation.

Here are 4 expected drivers of future revenue growth:

Increased Production from Key Onshore Assets: Murphy Oil anticipates continued revenue growth from its established onshore assets, including the Eagle Ford Shale, Tupper Montney, and Kaybob Duvernay. The company has consistently demonstrated strong new well productivity in these regions, with recent operational results indicating ongoing contributions to overall production volumes. For example, in the third quarter of 2025, over half of its Eagle Ford production came from wells brought online in 2025.
Advancement and New Production from International Offshore Development Projects: A significant driver for future revenue is the progress and eventual new production from Murphy Oil's international offshore development projects. Notably, the Lac Da Vang (Golden Camel) field development in Vietnam is progressing on track, with the first development well drilled ahead of schedule in Q3 2025, marking a major milestone for the company in the region.
Success in High-Impact Offshore Exploration and Appraisal Programs: Murphy Oil is actively engaged in high-impact exploration and appraisal activities across multiple continents, including a promising exploration program in Côte d'Ivoire and ongoing work in the Gulf of Mexico. These programs are designed to test significant unrisked resource potential, and successful outcomes, such as new discoveries or the development of projects like the Chinook 8 well expected to come online in the second half of 2026, could significantly boost future revenue.
Optimized Capital Allocation and Improved Capital Efficiencies: While not a direct revenue generator, Murphy Oil's strategic focus on capital efficiency and cost management directly supports its ability to fund high-return growth projects. By reducing operating costs (e.g., Q3 2025 operating costs averaged $9.39 per BOE, 20% less than the prior quarter) and maintaining capital expenditures below guidance, the company can allocate more capital to its most promising development and exploration endeavors, thereby enabling future revenue expansion.

AI Generated Analysis | Feedback

Share Repurchases

In the first nine months of 2025, Murphy Oil repurchased $102.6 million of shares.
Total share repurchases for full year 2024 amounted to $300 million, or 8.0 million shares.
As of September 30, 2025, the company had $550 million remaining under its board-authorized share repurchase program.

Share Issuance

No significant share issuances (dollar amount) were explicitly reported over the last 3-5 years in the provided information.

Inbound Investments

No significant large investments made in the company by third-parties were explicitly reported over the last 3-5 years in the provided information.

Outbound Investments

Murphy Oil acquired the Pioneer FPSO vessel for $104 million in the first quarter of 2025.
The company acquired additional Eagle Ford interests for $23.0 million in the first nine months of 2025.
A small Eagle Ford Shale acquisition was made in 2025, which is excluded from the full-year CAPEX guidance.

Capital Expenditures

Murphy Oil's full-year 2025 capital expenditure guidance is in the range of $1,135 million to $1,285 million. This guidance includes the Pioneer FPSO purchase.
For 2025, approximately $410 million of CAPEX is allocated to the Gulf of Mexico for development drilling and field development projects, and about $360 million is designated for the Eagle Ford Shale for drilling and bringing online operated and non-operated wells. Additionally, $110 million is allocated for offshore operations in Vietnam, focusing on Lac Da Vang development drilling and field development activities.
In 2020, Murphy Oil significantly reduced its capital spending plans by approximately $500 million, resulting in a revised budget of $950 million, a nearly 35% decrease from the original corporate budget. This reduction involved delaying US Gulf of Mexico projects and exploration wells, and deferring well completions in Tupper Montney.

Better Bets than Murphy Oil (MUR)

	MUR	Better Performance than MUR
Metric	Value	INDUSTRY: Oil & Gas Exploration & Production
Rev Chg LTM	-13.9%	FANG (60.1%), CNQ (8.3%), COP (8.2%), OXY (-2.0%), EOG (-5.0%)
Rev Chg 3Y Avg	-11.7%	FANG (20.8%), CNQ (-2.4%), COP (-6.6%), EOG (-7.6%), OXY (-9.6%)
Op Mgn LTM	17.9%	FANG (36.5%), EOG (33.4%), COP (21.0%), CNQ (20.3%), OXY (18.1%)
CFO/Rev LTM	52.1%	TPL (72.3%), PR (68.9%), EQT (60.3%), FANG (57.3%), CRK (52.4%)
FCF/Rev LTM	14.8%	EQT (31.6%), TPL (30.5%), CNQ (18.2%), EOG (17.2%), DVN (16.1%)
Total Yield	7.2%	CNQ (17.1%), DVN (14.8%), EOG (13.9%), FANG (12.5%), COP (11.1%)
P/S	1.6	APA (0.9), OVV (1.1), DVN (1.3), OXY (1.5), CNQ (1.5)
P/Op Inc	9.2	EOG (7.3), CNQ (7.4), FANG (7.7), OXY (8.1), COP (9.1)

	MUR	Better Performance than MUR
Metric	Value	SECTOR: Energy
Rev Chg LTM	-13.9%	ENB (32.3%), WMB (9.0%), COP (8.2%), CVX (-3.6%), XOM (-4.4%)
Rev Chg 3Y Avg	-11.7%	ENB (8.6%), WMB (0.8%), XOM (-5.6%), CVX (-6.2%), COP (-6.6%)
Op Mgn LTM	17.9%	TRP (43.1%), WMB (34.3%), KMI (27.2%), COP (21.0%), CNQ (20.3%)
CFO/Rev LTM	52.1%	DTM (73.0%), TPL (72.3%), EQT (60.3%), WES (58.6%), FANG (57.3%)
FCF/Rev LTM	14.8%	CNQ (18.2%), EOG (17.2%), KMI (16.8%), SU (15.1%), WMB (15.0%)
Total Yield	7.2%	CNQ (17.1%), ENB (13.9%), COP (11.1%), XOM (9.4%), CVX (8.7%)
P/S	1.6	PSX (0.4), CNQ (1.5), CVX (1.5), XOM (1.5), ENB (1.6)
P/Op Inc	9.2	EOG (7.3), CNQ (7.4), TRP (9.0), ENB (9.1), COP (9.1)

	MUR	Better Performance than MUR
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-13.9%	NVDA (65.2%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	-11.7%	NVDA (91.6%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	17.9%	NVDA (58.8%), MSFT (46.3%), META (43.2%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	52.1%	V (57.6%), BAC (57.3%), META (56.8%), MA (56.1%), MU (53.6%)
FCF/Rev LTM	14.8%	NVDA (41.3%), MSFT (26.6%), META (23.7%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	7.2%	MRK (10.8%), WFC (8.9%), RY (8.6%), UNH (8.6%), JNJ (7.5%)
P/S	1.6	UNH (0.7), VZ (1.2), WMT (1.3), COST (1.4), T (1.4)
P/Op Inc	9.2	CMCSA (4.9), VZ (5.3), T (7.1), BUD (8.4), BN (8.5)

		Best Bets In Energy Sector
	MUR	TPL	AM	MGY	INSW	DTM	CTRA	WHD	EQT	WMB	EOG
What You Pay
P/E	31.6	43.4	17.7	11.7	11.0	29.8	11.8	18.1	18.9	30.0	10.0
P/EBIT	12.9	35.3	10.0	8.7	9.4	16.7	8.6	12.2	10.8	15.4	7.6
What You Get
Rev Chg Q	-4.3%	17.0%	8.7%	-2.5%	-12.8%	26.6%	33.7%	-10.0%	49.8%	10.2%	-2.3%
Rev Chg LTM	-13.9%	12.5%	8.7%	0.7%	-23.6%	20.4%	25.1%	-3.8%	64.8%	9.0%	-5.0%
Rev Chg 3Y Avg	-11.7%	5.7%	9.0%	-6.6%	16.7%	9.6%	-5.3%	22.9%	-2.8%	0.8%	-7.6%
FCF/Rev 3Y Avg	20.3%	47.9%	46.6%	33.7%	29.6%	25.8%	24.8%	23.5%	23.5%	22.5%	22.1%

[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	Topic	Date
0	DASHBOARDS
1	Murphy Oil Earnings Notes
2	With Murphy Oil Stock Sliding, Have You Assessed The Risk?	Return
3	Murphy Oil vs Charter Communications: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	Murphy Oil vs Devon Energy: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	How Does Murphy Oil Stock Stack Up Against Its Peers?	Peer Comparison
6	Better Bet Than MUR Stock: Pay Less Than Murphy Oil To Get More From CHTR, IBKR
7	Better Bet Than MUR Stock: Pay Less Than Murphy Oil To Get More From PR, APA
8	Better Bet Than MUR Stock: Pay Less Than Murphy Oil To Get More From PR, APA
9	Why Murphy Oil Stock Moved: MUR Stock Has Gained 37% Since 2021 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
10	MUR Dip Buy Analysis
11	ARTICLES
12	Why Has Murphy Oil’s Stock Rallied 15% In A Fortnight?		November 22nd, 2019

	Title
0	DASHBOARDS
1	Murphy Oil Earnings Notes
2	With Murphy Oil Stock Sliding, Have You Assessed The Risk?
3	Murphy Oil vs Charter Communications: Which Is A Better Investment?
4	Murphy Oil vs Devon Energy: Which Is A Better Investment?
5	How Does Murphy Oil Stock Stack Up Against Its Peers?
6	Better Bet Than MUR Stock: Pay Less Than Murphy Oil To Get More From CHTR, IBKR
7	Better Bet Than MUR Stock: Pay Less Than Murphy Oil To Get More From PR, APA
8	Better Bet Than MUR Stock: Pay Less Than Murphy Oil To Get More From PR, APA
9	Why Murphy Oil Stock Moved: MUR Stock Has Gained 37% Since 2021 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
10	MUR Dip Buy Analysis
11	ARTICLES
12	Why Has Murphy Oil’s Stock Rallied 15% In A Fortnight?

Trade Ideas

Select past ideas related to MUR. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
WHD_11212025_Dip_Buyer_ValueBuy	11212025	WHD	Cactus	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	11.2%	11.2%	0.0%
OVV_10172025_Dip_Buyer_FCFYield	10172025	OVV	Ovintiv	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.7%	4.7%	0.0%
COP_10102025_Dip_Buyer_FCFYield	10102025	COP	ConocoPhillips	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.9%	5.9%	-2.3%
HAL_10102025_Dip_Buyer_FCFYield	10102025	HAL	Halliburton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	27.0%	27.0%	-0.7%
OXY_10102025_Dip_Buyer_FCFYield	10102025	OXY	Occidental Petroleum	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-5.5%	-5.5%	-7.1%
MUR_7312020_Short_Squeeze	07312020	MUR	Murphy Oil	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-4.1%	70.9%	-46.3%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
WHD_11212025_Dip_Buyer_ValueBuy	11212025	WHD	Cactus	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	11.2%	11.2%	0.0%
OVV_10172025_Dip_Buyer_FCFYield	10172025	OVV	Ovintiv	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.7%	4.7%	0.0%
COP_10102025_Dip_Buyer_FCFYield	10102025	COP	ConocoPhillips	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.9%	5.9%	-2.3%
HAL_10102025_Dip_Buyer_FCFYield	10102025	HAL	Halliburton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	27.0%	27.0%	-0.7%
OXY_10102025_Dip_Buyer_FCFYield	10102025	OXY	Occidental Petroleum	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-5.5%	-5.5%	-7.1%
MUR_7312020_Short_Squeeze	07312020	MUR	Murphy Oil	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-4.1%	70.9%	-46.3%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LUNR	Intuitive Machines	1.8	37.7%	-17.7%
GTN-A	Gray Media	1.1	30.9%	55.5%
FOLD	Amicus Therapeutics	4.4	30.2%	50.5%
FLY	Firefly Aerospace	3.5	22.8%
CRWV	CoreWeave	40.4	22.6%
EVMN	Evommune	0.5	21.6%
EWTX	Edgewise Therapeutics	2.7	20.8%	-4.3%
FBYD	Falcons Beyond Global	0.7	19.9%	125.4%
ONDS	Ondas	1.4	18.2%	260.2%
BMRN	BioMarin Pharmaceutical	11.7	17.7%	-7.0%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LW	Lamb Weston	6.2	-25.9%	-32.5%
BB	BlackBerry	2.2	-12.9%	-0.3%
IRON	Disc Medicine	2.8	-11.5%	26.2%
NKE	Nike	86.7	-10.5%	-20.6%
TLRY	Tilray Brands	11.8	-9.6%	-16.1%
OLMA	Olema Pharmaceuticals	2.4	-9.3%	379.1%
KBH	KB Home	3.8	-8.5%	-11.2%
PAHC	Phibro Animal Health	1.5	-7.8%	80.2%
EEX	Emerald	0.9	-7.7%	-1.3%
GETY	Getty Images	0.5	-7.4%	-41.7%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FBYD	Falcons Beyond Global	0.7	60.2%	125.4%
DJT	Trump Media & Technology	4.5	51.1%	-52.8%
GTN-A	Gray Media	1.1	40.6%	55.5%
FOLD	Amicus Therapeutics	4.4	34.4%	50.5%
EEX	Emerald	0.9	27.4%	-1.3%
LUNR	Intuitive Machines	1.8	24.8%	-17.7%
QURE	uniQure	1.3	23.0%	35.8%
RIVN	Rivian Automotive	27.4	21.9%	68.8%
PHAT	Phathom Pharmaceuticals	1.3	20.4%	115.9%
TE	T1 Energy	1.0	20.2%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.2	-82.0%	-26.7%
LWLG	Lightwave Logic	0.4	-28.0%	42.4%
LW	Lamb Weston	6.2	-26.3%	-32.5%
INSP	Inspire Medical Systems	2.8	-26.1%	-47.9%
BETR	Better Home & Finance	0.5	-21.1%	269.6%
FDMT	4D Molecular Therapeutics	0.5	-19.9%	55.8%
VSTM	Verastem	0.6	-19.3%	50.1%
CGEM	Cullinan Therapeutics	0.6	-18.8%	-20.5%
USAR	USA Rare Earth	1.4	-18.8%	46343.0%
BW	Babcock & Wilcox Enterprises	0.5	-17.6%	198.8%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	2.6	132.3%	29.2%
TE	T1 Energy	1.0	122.5%
VERA	Vera Therapeutics	3.3	79.4%	21.1%
FTRE	Fortrea	1.6	76.7%	-4.9%
ARWR	Arrowhead Pharmaceuticals	9.5	74.9%	262.6%
ANF	Abercrombie & Fitch	5.8	73.7%	-19.0%
ALMS	Alumis	0.9	71.8%	43.6%
LUNR	Intuitive Machines	1.8	70.5%	-17.7%
VSCO	Victoria's Secret	4.5	63.0%	36.9%
PL	Planet Labs PBC	5.8	62.7%	374.8%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.6%	-63.9%
JANX	Janux Therapeutics	0.9	-52.1%	-74.2%
FRMI	Fermi	5.9	-50.1%
LENZ	LENZ Therapeutics	0.5	-36.6%	-37.7%
GOGO	Gogo	0.6	-34.9%	-44.0%
LWLG	Lightwave Logic	0.4	-34.0%	42.4%
BETR	Better Home & Finance	0.5	-32.1%	269.6%
IMSR	Terrestrial Energy	0.7	-30.8%
ORIC	ORIC Pharmaceuticals	0.6	-30.0%	-0.4%
PBF	PBF Energy	3.0	-29.7%	3.7%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LUNR	Intuitive Machines	1.8	37.7%	-17.7%
GTN-A	Gray Media	1.1	30.9%	55.5%
FOLD	Amicus Therapeutics	4.4	30.2%	50.5%
FLY	Firefly Aerospace	3.5	22.8%
CRWV	CoreWeave	40.4	22.6%
EVMN	Evommune	0.5	21.6%
EWTX	Edgewise Therapeutics	2.7	20.8%	-4.3%
FBYD	Falcons Beyond Global	0.7	19.9%	125.4%
ONDS	Ondas	1.4	18.2%	260.2%
BMRN	BioMarin Pharmaceutical	11.7	17.7%	-7.0%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
LW	Lamb Weston	6.2	-25.9%	-32.5%
BB	BlackBerry	2.2	-12.9%	-0.3%
IRON	Disc Medicine	2.8	-11.5%	26.2%
NKE	Nike	86.7	-10.5%	-20.6%
TLRY	Tilray Brands	11.8	-9.6%	-16.1%
OLMA	Olema Pharmaceuticals	2.4	-9.3%	379.1%
KBH	KB Home	3.8	-8.5%	-11.2%
PAHC	Phibro Animal Health	1.5	-7.8%	80.2%
EEX	Emerald	0.9	-7.7%	-1.3%
GETY	Getty Images	0.5	-7.4%	-41.7%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FBYD	Falcons Beyond Global	0.7	60.2%	125.4%
DJT	Trump Media & Technology	4.5	51.1%	-52.8%
GTN-A	Gray Media	1.1	40.6%	55.5%
FOLD	Amicus Therapeutics	4.4	34.4%	50.5%
EEX	Emerald	0.9	27.4%	-1.3%
LUNR	Intuitive Machines	1.8	24.8%	-17.7%
QURE	uniQure	1.3	23.0%	35.8%
RIVN	Rivian Automotive	27.4	21.9%	68.8%
PHAT	Phathom Pharmaceuticals	1.3	20.4%	115.9%
TE	T1 Energy	1.0	20.2%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.2	-82.0%	-26.7%
LWLG	Lightwave Logic	0.4	-28.0%	42.4%
LW	Lamb Weston	6.2	-26.3%	-32.5%
INSP	Inspire Medical Systems	2.8	-26.1%	-47.9%
BETR	Better Home & Finance	0.5	-21.1%	269.6%
FDMT	4D Molecular Therapeutics	0.5	-19.9%	55.8%
VSTM	Verastem	0.6	-19.3%	50.1%
CGEM	Cullinan Therapeutics	0.6	-18.8%	-20.5%
USAR	USA Rare Earth	1.4	-18.8%	46343.0%
BW	Babcock & Wilcox Enterprises	0.5	-17.6%	198.8%

Peer Comparisons for Murphy Oil

Peers to compare with:

Financials

	MUR	COP	EOG	FANG	DVN	CTRA	Median
Name	Murphy O.	ConocoPh.	EOG Reso.	Diamondb.	Devon En.	Coterra .
Mkt Price	31.58	91.94	101.93	148.13	35.84	25.38	63.89
Mkt Cap	4.5	114.5	55.1	42.8	22.5	19.4	32.6
Rev LTM	2,746	59,788	22,579	15,284	17,470	7,081	16,377
Op Inc LTM	492	12,549	7,539	5,584	3,958	2,202	4,771
FCF LTM	405	7,088	3,891	-1,094	2,818	1,448	2,133
FCF 3Y Avg	648	8,910	5,167	-1,966	1,677	1,607	1,642
CFO LTM	1,432	19,935	10,195	8,756	6,841	3,677	7,798
CFO 3Y Avg	1,664	20,720	11,453	6,730	6,744	3,663	6,737

Growth & Margins

	MUR	COP	EOG	FANG	DVN	CTRA	Median
Name	Murphy O.	ConocoPh.	EOG Reso.	Diamondb.	Devon En.	Coterra .
Rev Chg LTM	-13.9%	8.2%	-5.0%	60.1%	11.4%	25.1%	9.8%
Rev Chg 3Y Avg	-11.7%	-6.6%	-7.6%	20.8%	-2.1%	-5.3%	-5.9%
Rev Chg Q	-4.3%	15.3%	-2.3%	48.2%	7.6%	33.7%	11.4%
QoQ Delta Rev Chg LTM	-1.2%	3.4%	-0.6%	9.1%	1.8%	6.9%	2.6%
Op Mgn LTM	17.9%	21.0%	33.4%	36.5%	22.7%	31.1%	26.9%
Op Mgn 3Y Avg	25.4%	24.1%	36.4%	46.8%	28.3%	34.2%	31.3%
QoQ Delta Op Mgn LTM	-2.1%	-1.0%	-0.8%	-1.3%	-1.7%	0.1%	-1.1%
CFO/Rev LTM	52.1%	33.3%	45.2%	57.3%	39.2%	51.9%	48.5%
CFO/Rev 3Y Avg	52.6%	35.6%	49.0%	62.5%	41.8%	56.7%	50.8%
FCF/Rev LTM	14.8%	11.9%	17.2%	-7.2%	16.1%	20.4%	15.4%
FCF/Rev 3Y Avg	20.3%	15.3%	22.1%	-18.6%	10.2%	24.8%	17.8%

Valuation

	MUR	COP	EOG	FANG	DVN	CTRA	Median
Name	Murphy O.	ConocoPh.	EOG Reso.	Diamondb.	Devon En.	Coterra .
Mkt Cap	4.5	114.5	55.1	42.8	22.5	19.4	32.6
P/S	1.6	1.9	2.4	2.8	1.3	2.7	2.2
P/EBIT	12.9	7.8	7.6	7.2	5.5	8.6	7.7
P/E	31.6	12.9	10.0	10.2	8.3	11.8	11.0
P/CFO	3.1	5.7	5.4	4.9	3.3	5.3	5.1
Total Yield	7.2%	11.1%	13.9%	12.5%	14.8%	12.0%	12.2%
Dividend Yield	4.1%	3.4%	3.8%	2.6%	2.7%	3.5%	3.4%
FCF Yield 3Y Avg	12.4%	6.9%	7.6%	-5.2%	6.5%	8.5%	7.3%
D/E	0.5	0.2	0.1	0.4	0.4	0.2	0.3
Net D/E	0.4	0.2	0.1	0.4	0.3	0.2	0.3

Returns

	MUR	COP	EOG	FANG	DVN	CTRA	Median
Name	Murphy O.	ConocoPh.	EOG Reso.	Diamondb.	Devon En.	Coterra .
1M Rtn	3.9%	4.5%	-4.8%	-0.4%	2.2%	-1.5%	0.9%
3M Rtn	20.3%	0.9%	-11.3%	6.8%	6.2%	9.9%	6.5%
6M Rtn	30.4%	-1.2%	-17.2%	0.9%	5.9%	-4.2%	-0.1%
12M Rtn	18.1%	-0.1%	-10.8%	-0.5%	20.7%	11.0%	5.5%
3Y Rtn	-16.0%	-9.3%	-10.0%	24.4%	-31.8%	16.0%	-9.6%
1M Excs Rtn	1.1%	1.6%	-7.7%	-3.3%	-0.7%	-4.4%	-2.0%
3M Excs Rtn	15.7%	-1.3%	-12.9%	5.3%	4.9%	8.7%	5.1%
6M Excs Rtn	25.3%	-11.4%	-28.4%	-7.0%	-2.8%	-16.7%	-9.2%
12M Excs Rtn	0.5%	-16.2%	-27.3%	-17.8%	1.6%	-5.8%	-11.0%
3Y Excs Rtn	-87.7%	-80.5%	-80.6%	-48.4%	-105.7%	-56.1%	-80.6%

Comparison Analyses

	Title
0	How Does Murphy Oil Stock Stack Up Against Its Peers?
1	With 33% Gains On The Table, MTDR May Outshine MUR
2	With 13% Gains On The Table, EPM May Outshine MUR
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?

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/5/2025	2/27/2025	2/23/2024	2/27/2023	2/25/2022	2/26/2021	2/27/2020
Key Financials
Total Revenue	2,746	3,019	3,449	4,220	2,801	1,752	2,817
EBITDA	1,302	1,539	1,895	2,378	1,060	-392	1,593
Operating Income	492	695	1,074	1,931	1,021	-293	519
Net Income	143	407	662	965	-74	-1,149	1,150
EPS	1.00	2.71	4.26	6.22	-0.48	-7.48	7.01
Growth Rates
Total Revenue Growth	-13.9%	-12.5%	-18.3%	50.7%	59.9%	-37.8%	55.9%
EBITDA Growth	-19.0%	-18.8%	-20.3%	124.4%	370.1%	-124.6%	59.5%
Operating Income Growth	-37.2%	-35.3%	-44.4%	89.2%	448.3%	-156.4%	93.9%
Net Income Growth	-69.8%	-38.5%	-31.4%	1410.1%	93.6%	-199.9%	179.7%
Margins
EBITDA Margin	47.4%	51.0%	54.9%	56.3%	37.8%	-22.4%	56.6%
Operating Income Margin	17.9%	23.0%	31.1%	45.8%	36.4%	-16.7%	18.4%
Net Income Margin	5.2%	13.5%	19.2%	22.9%	-2.6%	-65.6%	40.8%
Cash & Debt
Total Cash	426	424	317	492	521	311	307
Total Debt	2,219	2,066	2,089	2,786	3,367	3,937	3,417
Net Debt / (Cash)	1,793	1,642	1,772	2,294	2,845	3,626	3,110
Cash Flows
Net Cash from Operations	1,432	1,729	1,749	2,180	1,422	803	1,563
Free Cash from Operations	405	821	647	1,066	734	-70	-994
Returns to Shareholders
Dividends	184	180	171	128	77	96	164
Share Repurchases	104	301	150	-0	-0	-0	500

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	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	12/31/2022
Filing Date	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	2/27/2023
Key Financials Quarterly
Total Revenue	721	683	673	670	753	801	795	842	954	813	840	986
Ebitda	305	319	340	338	399	426	377	406	624	373	492	520
Operating Income	121	91	160	120	184	193	197	209	383	176	306	345
Net Income	-3	22	73	50	139	128	90	116	255	98	192	199
EPS	-0.02	0.16	0.51	0.35	0.93	0.84	0.59	0.76	1.64	0.63	1.22	1.28
Key Financials TTM
Total Revenue TTM	2,746	2,779	2,896	3,019	3,191	3,392	3,404	3,449	3,593	3,805	4,189	4,220
Ebitda TTM	1,302	1,396	1,503	1,539	1,608	1,833	1,779	1,895	2,009	2,371	2,751	2,378
Operating Income TTM	492	555	657	695	783	981	964	1,074	1,210	1,458	1,947	1,931
Net Income TTM	143	285	390	407	473	589	560	662	745	1,018	1,270	965
Growth Rates Quarterly
Total Revenue Growth	-4.3%	-14.7%	-15.4%	-20.5%	-21.0%	-1.5%	-5.4%	-14.6%	-18.2%	-32.0%	-3.6%	29.4%
EBITDA Growth	-23.6%	-25.1%	-9.6%	-16.8%	-36.1%	14.3%	-23.5%	-21.9%	-36.7%	-50.5%	312.0%	7.3%
Operating Income Growth	-34.3%	-53.1%	-19.0%	-42.3%	-51.8%	9.7%	-35.7%	-39.5%	-39.4%	-73.5%	5.3%	-6.2%
Net Income Growth	-102.1%	-82.6%	-18.9%	-56.7%	-45.5%	30.0%	-53.0%	-41.7%	-51.7%	-72.0%	269.1%	18.4%
Margins Quarterly
EBITDA Margin	42.2%	46.7%	50.6%	50.4%	52.9%	53.2%	47.4%	48.2%	65.4%	45.9%	58.6%	52.7%
Operating Income Margin	16.8%	13.3%	23.7%	18.0%	24.5%	24.1%	24.8%	24.8%	40.1%	21.6%	36.5%	35.0%
Net Income Margin	-0.4%	3.3%	10.9%	7.5%	18.5%	15.9%	11.3%	13.8%	26.8%	12.1%	22.8%	20.2%
Cash & Debt
Total Cash	426	380	393	424	271	334	323	317	328	369	312	492
Total Debt	2,219	2,161	2,202	2,066	2,153	2,180	2,025	2,089	2,384	2,707	2,743	2,786
Net Debt / (Cash)	1,793	1,781	1,809	1,642	1,882	1,846	1,702	1,772	2,056	2,338	2,431	2,294
Cash Flows Quarterly
FCF from Operations	339	358	301	434	429	468	399	543	456	470	280	516
Cash Flows TTM
FCF from Operations TTM	1,432	1,521	1,631	1,729	1,838	1,866	1,868	1,749	1,722	1,971	2,122	2,180
Returns to Shareholders Quarterly
Dividends	46	46	47	44	45	46	46	42	43	43	43	39
Share Repurchases	-0	3	100	1	194	56	50	75	75	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	27.0%	19.7%	25.9%	24.3%	38.6%	34.6%	36.8%	39.0%	58.1%	21.9%	40.3%	46.9%
Return on Invested Capital (ROIC) TTM
ROIC TTM	21.4%	27.2%	30.9%	36.5%	35.7%	42.7%	44.4%	47.7%	45.8%	48.7%	63.2%	66.2%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	3,449
Crude oil and condensate revenue		3,358	2,323	1,460	2,515
Natural gas liquids revenue		143	111	51	70
Natural gas revenue		538	368	240	232
Sales of purchased natural gas		182
Total	3,449	4,220	2,801	1,752	2,817

Price Behavior

Price Behavior

Market Price	$31.58
Market Cap ($ Bil)	4.5
First Trading Date	04/06/1983
Distance from 52W High	-5.8%
	50 Days	200 Days
DMA Price	$29.75	$25.28
DMA Trend	up	up
Distance from DMA	6.2%	24.9%
	3M	1YR
Volatility	45.8%	51.8%
Downside Capture	21.40	94.41
Upside Capture	109.19	95.73
Correlation (SPY)	28.0%	54.0%

MUR Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.13	1.30	1.01	0.94	1.42	1.17
Up Beta	1.29	1.87	1.99	1.32	1.58	1.35
Down Beta	1.80	2.36	2.20	1.71	1.99	1.58
Up Capture	82%	119%	95%	105%	75%	40%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	12	21	33	64	120	376
Down Capture	-115%	41%	-42%	-10%	95%	100%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	7	20	29	61	127	373

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

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of MUR With Other Asset Classes (Last 1Y)
	MUR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	12.4%	4.5%	13.5%	62.9%	2.8%	-2.4%	-19.7%
Annualized Volatility	51.6%	24.6%	19.7%	19.2%	16.0%	17.7%	35.4%
Sharpe Ratio	0.40	0.13	0.52	2.42	-0.01	-0.29	-0.33
Correlation With Other Assets		83.7%	54.1%	7.6%	62.2%	41.9%	25.0%

ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of MUR With Other Asset Classes (Last 5Y)
	MUR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	22.6%	21.1%	14.8%	18.3%	11.1%	4.7%	34.8%
Annualized Volatility	48.8%	26.8%	17.1%	15.5%	18.9%	18.9%	48.9%
Sharpe Ratio	0.59	0.73	0.70	0.95	0.48	0.16	0.62
Correlation With Other Assets		84.2%	39.3%	13.1%	60.4%	27.7%	16.7%

Based On 10-Year Data

		Comparison of MUR With Other Asset Classes (Last 10Y)
	MUR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.3%	8.2%	14.8%	14.5%	6.3%	5.4%	68.9%
Annualized Volatility	56.5%	29.8%	18.0%	14.7%	17.7%	20.8%	55.8%
Sharpe Ratio	0.37	0.32	0.71	0.81	0.28	0.23	0.89
Correlation With Other Assets		82.8%	46.4%	4.1%	59.6%	35.4%	13.0%

Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	18,269,082
Short Interest: % Change Since 11152025	1.7%
Average Daily Volume	2,052,192
Days-to-Cover Short Interest	8.90
Basic Shares Quantity	142,731,000
Short % of Basic Shares	12.8%

Returns Analyses

	Title
0	With Murphy Oil Stock Sliding, Have You Assessed The Risk?
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
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%
...
SUMMARY STATS
# Positive	13	15	13
# Negative	10	8	10
Median Positive	2.1%	6.7%	12.0%
Median Negative	-3.4%	-5.1%	-6.2%
Max Positive	10.7%	12.7%	75.0%
Max Negative	-7.6%	-15.5%	-15.5%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11052025	10-Q 9/30/2025
6302025	8062025	10-Q 6/30/2025
3312025	5072025	10-Q 3/31/2025
12312024	2272025	10-K 12/31/2024
9302024	11072024	10-Q 9/30/2024
6302024	8082024	10-Q 6/30/2024
3312024	5022024	10-Q 3/31/2024
12312023	2232024	10-K 12/31/2023
9302023	11022023	10-Q 9/30/2023
6302023	8032023	10-Q 6/30/2023
3312023	5032023	10-Q 3/31/2023
12312022	2272023	10-K 12/31/2022
9302022	11032022	10-Q 9/30/2022
6302022	8042022	10-Q 6/30/2022
3312022	5042022	10-Q 3/31/2022
12312021	2252022	10-K 12/31/2021

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

Prefer one of these to Trefis? Tell us why.

Murphy Oil (MUR)

Market Price (12/20/2025): $31.5 | Market Cap: $4.5 BilSector: Energy | Industry: Oil & Gas Exploration & Production

Murphy Oil (MUR)

Market Price (12/20/2025): $31.5Market Cap: $4.5 BilSector: EnergyIndustry: Oil & Gas Exploration & Production

Valuation, Metrics & Events

MUR Stock

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)

Major Customers of Murphy Oil (MUR)

Crude Oil

Natural Gas

Interactive Breakdown

Better Bets than Murphy Oil (MUR)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Murphy Oil

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

FDA Approved Drugs Data

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/20/2025): $31.5 | Market Cap: $4.5 Bil
Sector: Energy | Industry: Oil & Gas Exploration & Production

Market Price (12/20/2025): $31.5
Market Cap: $4.5 Bil
Sector: Energy
Industry: Oil & Gas Exploration & Production