MURPHY OIL CORP

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 25, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations

Years Ended December 31 (Thousands of dollars except per share amounts)	2025	2024	2023
Revenues and other income
Revenue from production	$2,689,845	$3,014,856	$3,376,639
Sales of purchased natural gas	—	3,742	72,215
Total revenue from sales to customers	2,689,845	3,018,598	3,448,854
Gain (loss) on derivative instruments	5,927	(1,707)	—
Gain on sale of assets and other operating income	23,051	11,583	11,293
Total revenues and other income	2,718,823	3,028,474	3,460,147
Costs and expenses
Lease operating expenses	765,240	936,960	784,391
Severance and ad valorem taxes	39,238	39,162	42,787
Transportation, gathering and processing	199,693	210,827	232,985
Costs of purchased natural gas	—	3,147	51,682
Exploration expenses, including undeveloped lease amortization	111,670	133,538	234,776
Selling and general expenses	137,332	110,085	117,306
Depreciation, depletion and amortization	977,753	865,753	861,602
Accretion of asset retirement obligations	57,730	52,511	46,059
Impairment of assets	115,002	62,909	—
Other operating expense	13,928	10,989	46,530
Total costs and expenses	2,417,586	2,425,881	2,418,118
Operating income from continuing operations	301,237	602,593	1,042,029
Other income (loss)
Other income (loss)	(22,299)	70,902	(8,587)
Interest expense, net	(96,072)	(105,926)	(112,373)
Total other loss	(118,371)	(35,024)	(120,960)
Income from continuing operations before income taxes	182,866	567,569	921,069
Income tax expense	44,552	78,272	195,921
Income from continuing operations	138,314	489,297	725,148
Income (loss) from discontinued operations, net of income taxes	485	(2,812)	(1,467)
Net income including noncontrolling interest	138,799	486,485	723,681
Less: Net income attributable to noncontrolling interest	34,565	79,314	62,122
NET INCOME ATTRIBUTABLE TO MURPHY	$104,234	$407,171	$661,559
NET INCOME (LOSS) PER COMMON SHARE – BASIC
Continuing operations	$0.73	$2.73	$4.27
Discontinued operations	—	(0.02)	(0.01)
Net income	$0.73	$2.71	$4.26
NET INCOME (LOSS) PER COMMON SHARE – DILUTED
Continuing operations	$0.72	$2.72	$4.23
Discontinued operations	—	(0.02)	(0.01)
Net income	$0.72	$2.70	$4.22
Cash dividends per common share	$1.300	$1.200	$1.100
Average common shares outstanding (thousands)
Basic	143,124	150,011	155,234
Diluted	144,025	151,027	156,646

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.