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Murphy Oil's Business Segments
Murphy Oil's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2026
Reportable Segments
-
Largest Segment
-
Total Revenue
$ 734
Regions Reported
-
Murphy Oil does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue by Product & Service Category - Q1 FY2026
- Oil and Gas, Exploration and Production99.8%
- Crude Oil, Condensate, and Natural Gas Liquids (ngl)25.7%
- Natural Gas1.5%
- Natural Gas Liquids (ngl)1.3%
Revenue by Product & Service Category - Q1 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Oil and Gas, Exploration and Production | $ 732 | 99.8% |
| Crude Oil, Condensate, and Natural Gas Liquids (ngl) | $ 188 | 25.7% |
| Natural Gas | $ 11 | 1.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
1 more categories available
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Description of Murphy Oil
Murphy Oil Corporation is a worldwide oil and gas exploration and production
company with refining and marketing operations in North America and the United
Kingdom.
The Company was originally incorporated in Louisiana in 1950 as Murphy Corporation.
It was reincorporated in Delaware in 1964, at which time it adopted the name
Murphy Oil Corporation, and was reorganized in 1983 to operate primarily as
a holding company of its various businesses. Its operations are classified into
two business activities: (I) 'Exploration and Production' and (II) 'Refining
and Marketing.'
Murphy Oil Corporation is a prominent player in the energy sector, primarily focusing on the exploration and production of oil and natural gas, in addition to refining and marketing petroleum products. Below is a comprehensive overview of Murphy Oil Corporations business segments, products, and services, detailing its operations across the globe.
1. Exploration and Production
Murphy Oil Corporations exploration and production segment is dedicated to the exploration and production of crude oil, natural gas, and natural gas liquids worldwide. The company has established a strong presence in several key regions, leveraging advanced technologies and operational expertise to enhance its production capabilities.
Geographic Focus
- United States: Murphy Oils principal exploration and production activities are centered in the United States. The company has interests in 13 fields that it operates and 15 fields operated by other companies. Notably, it has a significant focus on deepwater operations in the Gulf of Mexico, where it operates four fields, including:
- Medusa Field: Owned and operated with a 60% interest.
- Front Runner Field: Murphy holds a 35% interest in this field, which began production in December 2004.
- Habanero Field: A 33.75% interest in this field, operated by Shell.
- Tahoe Field: Murphy holds a 30% interest, also operated by Shell.
The company produced natural gas primarily onshore in Louisiana, alongside its oil and gas ventures.
- Canada: In Canada, Murphy owns interests in major oil fields such as Hibernia (6.5% interest) and Terra Nova (12% interest), offshore Newfoundland. It also holds a 5% undivided interest in Syncrude Canada Ltd. known for producing synthetic crude from oil sands.
- United Kingdom: In the UK North Sea, Murphys production comes primarily from the Schiehallion and Mungo/Monan fields, where it owns interests of88% and 12.65%, respectively. The company utilizes advanced offshore technology to maximize production efficiency.
- Ecuador: Murphy Oil holds a 20% working interest in Block 16, which produced approximately 7,700 barrels of oil per day in the past.
- Malaysia: Murphy operates eight production sharing contracts (PSCs) in Malaysia, covering approximately 14.4 million acres. Key fields in this region include the Kikeh field, which is crucial for the company’s production growth.
Refining and Marketing
Murphy Oils refining and marketing segment is vital for converting crude oil and other feedstocks into usable petroleum products, which are subsequently marketed and distributed domestically and internationally.
Refining Operations
- Refineries: Murphy Oil owns and operates two major refineries in the United States:
- Meraux, Louisiana: This refinery recently underwent expansions to meet low-sulfur gasoline specifications, increasing its crude processing capacity to 125,000 barrels per stream day (b/sd).
- Superior, Wisconsin: This facility is strategically positioned for refined products distribution.
- Technology and Facilities: The Meraux refinery features advanced processing units, including a hydrocracker and sulfur recovery systems, enhancing its capability to produce high-quality fuels.
Marketing and Distribution
- Product Distribution: Murphy Oil markets its refined products through a substantial network, notably through branded retail stations:
- Murphy USA: The brand has established numerous gas stations, primarily located at Wal-Mart parking lots across 21 states, where customers can access competitively priced gasoline.
- SPUR Brand: The company also engages with various wholesale customers under the SPUR branding, reinforcing its market presence.
- Terminals and Transportation: The marketing operations are supported by a strategically located network of terminals:
- Murphy owns 11 terminals, employing various transportation methods, including marine, truck, and pipeline deliveries.
- Expansion Plans: The company has proactive plans for growth in its retail footprint, intending to add around 150 new Murphy USA stations by expanding partnerships with retail outlets, particularly Wal-Mart.
Conclusion
Murphy Oil Corporation is well-positioned in the energy sector, with diverse segments in exploration, production, refining, and marketing. The company emphasizes operational efficiency, strategic partnerships, and technological advancements to maintain its competitive edge in a dynamic global market, aiming to meet evolving energy demands while upholding environmental stewardship. The continued focus on expanding its production capabilities and refining capacity reflects Murphy Oil’s commitment to sustainable growth in the energy sector.
1. Exploration and Production
Murphy Oil Corporations exploration and production segment is dedicated to the exploration and production of crude oil, natural gas, and natural gas liquids worldwide. The company has established a strong presence in several key regions, leveraging advanced technologies and operational expertise to enhance its production capabilities.
Geographic Focus
- United States: Murphy Oils principal exploration and production activities are centered in the United States. The company has interests in 13 fields that it operates and 15 fields operated by other companies. Notably, it has a significant focus on deepwater operations in the Gulf of Mexico, where it operates four fields, including:
- Medusa Field: Owned and operated with a 60% interest.
- Front Runner Field: Murphy holds a 35% interest in this field, which began production in December 2004.
- Habanero Field: A 33.75% interest in this field, operated by Shell.
- Tahoe Field: Murphy holds a 30% interest, also operated by Shell.
The company produced natural gas primarily onshore in Louisiana, alongside its oil and gas ventures.
- Canada: In Canada, Murphy owns interests in major oil fields such as Hibernia (6.5% interest) and Terra Nova (12% interest), offshore Newfoundland. It also holds a 5% undivided interest in Syncrude Canada Ltd. known for producing synthetic crude from oil sands.
- United Kingdom: In the UK North Sea, Murphys production comes primarily from the Schiehallion and Mungo/Monan fields, where it owns interests of88% and 12.65%, respectively. The company utilizes advanced offshore technology to maximize production efficiency.
- Ecuador: Murphy Oil holds a 20% working interest in Block 16, which produced approximately 7,700 barrels of oil per day in the past.
- Malaysia: Murphy operates eight production sharing contracts (PSCs) in Malaysia, covering approximately 14.4 million acres. Key fields in this region include the Kikeh field, which is crucial for the company’s production growth.
Refining and Marketing
Murphy Oils refining and marketing segment is vital for converting crude oil and other feedstocks into usable petroleum products, which are subsequently marketed and distributed domestically and internationally.
Refining Operations
- Refineries: Murphy Oil owns and operates two major refineries in the United States:
- Meraux, Louisiana: This refinery recently underwent expansions to meet low-sulfur gasoline specifications, increasing its crude processing capacity to 125,000 barrels per stream day (b/sd).
- Superior, Wisconsin: This facility is strategically positioned for refined products distribution.
- Technology and Facilities: The Meraux refinery features advanced processing units, including a hydrocracker and sulfur recovery systems, enhancing its capability to produce high-quality fuels.
Marketing and Distribution
- Product Distribution: Murphy Oil markets its refined products through a substantial network, notably through branded retail stations:
- Murphy USA: The brand has established numerous gas stations, primarily located at Wal-Mart parking lots across 21 states, where customers can access competitively priced gasoline.
- SPUR Brand: The company also engages with various wholesale customers under the SPUR branding, reinforcing its market presence.
- Terminals and Transportation: The marketing operations are supported by a strategically located network of terminals:
- Murphy owns 11 terminals, employing various transportation methods, including marine, truck, and pipeline deliveries.
- Expansion Plans: The company has proactive plans for growth in its retail footprint, intending to add around 150 new Murphy USA stations by expanding partnerships with retail outlets, particularly Wal-Mart.
Conclusion
Murphy Oil Corporation is well-positioned in the energy sector, with diverse segments in exploration, production, refining, and marketing. The company emphasizes operational efficiency, strategic partnerships, and technological advancements to maintain its competitive edge in a dynamic global market, aiming to meet evolving energy demands while upholding environmental stewardship. The continued focus on expanding its production capabilities and refining capacity reflects Murphy Oil’s commitment to sustainable growth in the energy sector.