Murphy Oil Corp (NYSE: MUR) is an oil and gas exploration and production company that extracts crude oil, natural gas, and natural gas liquids primarily in the United States, Canada, and Brunei. Revenue is generated through the sale of crude oil and condensate, natural gas, and NGLs produced from operated and non-operated upstream assets. During FY2025, principal E&P activities were conducted in the U.S. through wholly-owned Murphy Exploration & Production Company – USA, in Canada through Murphy Oil Company Ltd., and internationally through Murphy Exploration & Production Company – International, with active operations and production in the U.S., Canada, and Brunei. In January 2026, Murphy signed a Petroleum Agreement for an operated 75% working interest in Morocco's Gharb Deep Offshore deepwater block, covering more than 4 million acres. The company also holds exploration positions in Brazil, Brunei, Côte d'Ivoire, and Vietnam as of the FY2025 10-K filed February 25, 2026.

Revenue model

Transactional revenue from the sale of crude oil and condensate, natural gas, and natural gas liquids produced from upstream E&P operations across the U.S., Canada, and Brunei (FY2025).

Products and services

Crude oil and condensate, natural gas, natural gas liquids (NGLs); exploration and production of hydrocarbons through wholly-owned subsidiaries in the U.S., Canada, and internationally (FY2025).

Customers and end markets

Commodity end markets for crude oil, natural gas, and NGLs. Specific customer names and concentration data are not disclosed in the excerpts provided.

Value-chain role

Upstream exploration and production; operates as an E&P company without midstream or downstream segments disclosed in the filing excerpts.

Geographic exposure

United States, Canada, and Brunei (active production, FY2025); exploration positions in Brazil, Côte d'Ivoire, and Vietnam; Morocco deepwater block signed January 2026.

Source: SEC 10-K, filed 2026-02-25

Industry: Crude Petroleum & Natural Gas Peers: CIVITAS RESOURCES, INC. ConocoPhillips Range Resources Corp Magnolia Oil & Gas Corp Matador Resources Co PDC ENERGY, INC. Chord Energy Corp SM Energy Co SOUTHWESTERN ENERGY CO VNOM Sub, Inc.