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MURPHY OIL CORP

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 8, 2024

MUR$35.96-1.0%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)
☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 1-8590

MURPHY OIL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware71-0361522
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification Number)
9805 Katy Fwy, Suite G-20077024
Houston,Texas(Zip Code)
(Address of principal executive offices)
(281)675-9000
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock, $1.00 Par ValueMURNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange act.

Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ☐ Yes☒ No

Number of shares of Common Stock, $1.00 par value, outstanding at July 31, 2024 was 150,887,425.

MURPHY OIL CORPORATION

TABLE OF CONTENTS

Page
Part I – Financial Information
Item 1. Financial Statements2
Consolidated Balance Sheets2
Consolidated Statements of Operations3
Consolidated Statements of Comprehensive Income4
Consolidated Statements of Cash Flows5
Consolidated Statements of Stockholders’ Equity6
Notes to Consolidated Financial Statements7
Note A – Basis of Presentation7
Note B – New Accounting Principles and Recent Accounting Pronouncements7
Note C – Revenue from Contracts with Customers7
Note D – Property, Plant and Equipment10
Note E – Financing Arrangements and Debt11
Note F – Other Financial Information11
Note G – Asset Retirement Obligations12
Note H – Employee and Retiree Benefit Plans13
Note I – Incentive Plans13
Note J – Earnings Per Share15
Note K – Income Taxes15
Note L – Financial Instruments and Risk Management16
Note M – Accumulated Other Comprehensive Loss18
Note N – Environmental and Other Contingencies18
Note O – Common Stock Issued and Outstanding20
Note P – Business Segments21
Note Q – Leases22
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations23
Item 3. Quantitative and Qualitative Disclosures About Market Risk40
Item 4. Controls and Procedures40
Part II – Other Information
Item 1. Legal Proceedings41
Item 1A. Risk Factors41
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds41
Item 5. Other Information42
Item 6. Exhibits42
Signature43
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.