Q3 2025 Murphy Oil Corp Earnings Call Transcript

Nov 6, 2025 / 02:00 PM GMT

Release Date Price: €22.8 (-0.87%)

Transcript 10-Q8-K

Key Points

Positve

Murphy Oil Corp (MUR) exceeded the high end of their production guidance for the second consecutive quarter, achieving total production of 200,000 barrels of oil equivalents per day.
Operating costs were reduced by 20% compared to the previous quarter, averaging $9.39 per BOE.
Capital expenditures were below guidance at $164 million, reflecting ongoing efforts to drive capital efficiencies.
Significant progress was made in international development, with the first development well in Vietnam being drilled ahead of schedule.
Murphy Oil Corp (MUR) has a strong balance sheet and a flexible multi-basin portfolio, allowing them to manage near-term volatility effectively.

Negative

The company is facing a choppy macroeconomic environment, which could impact future commodity prices and operational plans.
There is a potential need for additional appraisal wells in Vietnam, depending on the results of the current drilling, which could delay development plans.
Murphy Oil Corp (MUR) experienced an impairment charge due to high operating expenses at a non-operated facility, impacting their investment plans.
The company anticipates a decline in production from their Eagle Ford wells in the fourth quarter, following strong initial performance.
Murphy Oil Corp (MUR) is less likely to be active in share repurchases due to current commodity prices, which may affect shareholder returns.

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

MUR.N - Murphy Oil Corp
Q3 2025 Murphy Oil Corp Earnings Call
Nov 06, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen, and welcome to Murphy Oil Corporation 3rd quarter 2025 earnings conference call and webcast. At this time, all lines are in a 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 0 for the operator. I would now like to turn the conference over to you. Ati Priyaz, Vice President, Investor relations, and treasurer. Please go ahead.

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Unidentified_2 [2]
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Thank you, Ludy. Good morning and welcome to our 3rd quarter 2025

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