Murphy Oil (MUR) financial statements
Murphy Oil reported revenue of $2.7B in fiscal 2025, up 4.2% a year over 9 years.
Net income was $104M and the operating margin 11.2%, against -20.9% in 2016.
The diluted share count fell 16% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Murphy Oil's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9B | $1.3B | $1.8B | $2.8B | $1.8B | $2.8B | $4.2B | $3.4B | $3.0B | $2.7B |
| Cost of revenue | — | — | — | — | $0 | $0 | $172M | $52M | $3M | $0 |
| Gross profit | — | — | — | — | $1.8B | $2.8B | $4.0B | $3.4B | $3.0B | $2.7B |
| Selling, general and admin | $246M | $207M | $205M | $233M | $140M | $122M | $131M | $117M | $110M | $137M |
| Operating income | -$389M | -$26M | $216M | $445M | -$1.4B | $281M | $1.6B | $1.0B | $603M | $301M |
| Interest expense | $148M | $178M | $180M | $219M | $169M | $222M | $151M | $112M | $106M | $96M |
| Pre-tax income | -$493M | -$283M | $43M | $203M | -$1.5B | $43M | $1.5B | $921M | $568M | $183M |
| Income tax | -$219M | $270M | -$126M | $15M | -$294M | -$6M | $309M | $196M | $78M | $45M |
| Net income | -$276M | -$312M | $411M | $1.1B | -$1.1B | -$74M | $965M | $662M | $407M | $104M |
| EPS (diluted) | -$1.60 | -$1.81 | $2.36 | $6.98 | -$7.48 | -$0.48 | $6.13 | $4.22 | $2.70 | $0.72 |
| Diluted shares | 172M | 173M | 174M | 165M | 154M | 154M | 157M | 157M | 151M | 144M |
| Gross margin | — | — | — | — | 100.0% | 100.0% | 95.9% | 98.5% | 99.9% | 100.0% |
| Operating margin | -20.9% | -2.0% | 11.9% | 15.8% | -77.8% | 10.0% | 37.6% | 30.2% | 20.0% | 11.2% |
| Net margin | -14.8% | -24.0% | 22.8% | 40.8% | -65.6% | -2.6% | 22.9% | 19.2% | 13.5% | 3.9% |
Balance sheet
Fiscal years, from Murphy Oil's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $873M | $965M | $360M | $307M | $311M | $521M | $492M | $317M | $424M | $377M |
| Receivables | $357M | $243M | $232M | $427M | $262M | $258M | $391M | $344M | $273M | $347M |
| Inventory | $127M | $105M | $80M | $76M | $66M | $54M | $55M | $54M | $55M | $57M |
| Total current assets | $1.6B | $1.4B | $880M | $974M | $1.0B | $881M | $972M | $752M | $785M | $817M |
| Property, plant and equipment | $8.3B | $8.2B | $8.4B | $10.0B | $8.3B | $8.1B | $8.2B | $8.2B | $8.1B | $8.1B |
| Total assets | $10.3B | $9.9B | $11.1B | $11.7B | $10.6B | $10.3B | $10.3B | $9.8B | $9.7B | $9.8B |
| Total current liabilities | $1.5B | $834M | $846M | $943M | $716M | $1.2B | $1.3B | $847M | $943M | $1.1B |
| Long-term debt | $2.4B | $2.9B | $3.1B | $2.8B | $3.0B | $2.5B | $1.8B | $1.3B | $1.3B | $1.4B |
| Total liabilities | $5.4B | $5.2B | $5.9B | $5.9B | $6.2B | $6.0B | $5.2B | $4.2B | $4.3B | $4.6B |
| Shareholders' equity | $4.9B | $4.6B | $4.8B | $5.5B | $4.2B | $4.2B | $5.0B | $5.4B | $5.2B | $5.1B |
| Net debt | $1.5B | $1.9B | $2.7B | $2.5B | $2.7B | $1.9B | $1.3B | $1.0B | $851M | $1.0B |
Cash flow
Fiscal years, from Murphy Oil's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $601M | $613M | $749M | $1.5B | $803M | $1.4B | $2.2B | $1.7B | $1.7B | $1.2B |
| Capital spending | $927M | $910M | $1.0B | $1.3B | — | — | — | — | — | — |
| Free cash flow | -$326M | -$297M | -$262M | $145M | — | — | — | — | — | — |
| Stock-based compensation | $46M | $40M | $34M | $50M | $25M | $44M | $75M | $59M | $41M | $50M |
| Dividends paid | $207M | $173M | $173M | $164M | $96M | $77M | $128M | $171M | $180M | $186M |
| Share buybacks (net) | — | $0 | $0 | -$500M | $0 | $0 | $0 | -$150M | -$301M | -$103M |
| Net borrowing | — | — | — | — | — | — | $0 | $0 | $600M | $0 |
| Free cash flow margin | -17.5% | -22.8% | -14.5% | 5.1% | — | — | — | — | — | — |
| Dividends per share | $1.20 | $1.00 | $0.99 | $0.99 | $0.63 | $0.50 | $0.81 | $1.09 | $1.19 | $1.29 |
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What was Murphy Oil's revenue in 2025?
$2.7B in fiscal 2025, from its 10-K filing.
From Murphy Oil's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.