Q4 2025 Murphy Oil Corp Earnings Call Transcript

Jan 29, 2026 / 02:00 PM GMT

Release Date Price: €25.8 (-2.27%)

Transcript 8-K

Key Points

Positve

Murphy Oil Corp (MUR) exceeded production guidance for both the fourth quarter and full year 2025.
The company achieved a 20% reduction in lease operating expenses year over year.
Successful exploration and appraisal results were reported, including significant oil discoveries in the Gulf of America and Vietnam.
Murphy Oil Corp (MUR) maintained strong uptime at key offshore facilities, contributing to operational success.
The company has a solid balance sheet with a low leverage ratio and over $2 billion in liquidity.

Negative

Murphy Oil Corp (MUR) anticipates a decrease in net production for 2026, with a forecast of 171,000 barrels of oil equivalents per day compared to 182,000 barrels in 2025.
The company reported a dry hole at the Savette prospect in Cote d'Ivoire, which was a disappointment.
There is an expectation of a challenging market environment in 2026 due to unpredictable commodity prices.
Murphy Oil Corp (MUR) has limited flexibility in its 2026 capital expenditure program, with only a potential 10% reduction possible.
The company's approved developed reserves saw a decline, with oil reserves decreasing by almost 13% year over year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MUR.N - Murphy Oil Corp
Q4 2025 Murphy Oil Corp Earnings Call
Jan 29, 2026 / 02:00PM GMT

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Presentation
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Operator [1]
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Good morning, ladies and gentlemen, and welcome to the Murphy Oil Corporation fourth quarter. twenty twenty five earnings conference call on webcast. At this time, all lines are in. listen only mode.

Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero. for the operator. This call is being recorded on Thursday, January twenty nine, twenty twenty.

six. We request that our callers limit their questions to one main question and one follow. up. I would now like to turn the conference over to T-Free as vice president, investor.

relations and treasurer. Please go ahead. Thank you, Joelle. Good morning and welcome.

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