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Murphy Oil MUR Canada — Development costs

Other geography segments

United States
$598.7M-10.3%

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COPCanada Operating Segment — Capital expenditures and investments
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DVNCosts Incurred Development Costs
$764.25M+7.0%
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COPCanada Operating Segment — Depreciation, Depletion and Amortization
$152M+16.0%
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BXSLCanada — Cost
$149.78M+26.8%
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FERGCanada Segment — Total capital expenditures
$2M+100%
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DVNCost Incurred Related To Development And Conversion Of Proved Undeveloped Reserves
$275M-8.3%

Other financials

Income statement

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Revenue$733.6M+10.2%
Gross profit$624.6M-6.9%
Operating income$138.3M-3.9%
Net income$53.0M-27.5%
EPS (diluted)$0.37-26.0%

Balance sheet

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Cash & equivalents$378.8M-3.6%
Total debt$2.3B+4.6%
Total equity$5.1B-0.4%
Total assets$10.0B+2.2%

Cash flow

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Operating cash flow$321.2M+6.8%

Valuation

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Market cap$4.92B+45.9%

Profitability

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Gross margin100.4%+0.5pp
Operating margin10.7%-9.8pp
Net margin3%-10.4pp
FCF margin4.9%

Returns & leverage

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Return on equity1.6%-5.8pp
Debt / equity0.5×0.0×
Current ratio0.8×+0.1×

Where this comes from

Reported directly by Murphy Oil in its filing.

Tagged under the XBRL concept us-gaap:CostsIncurredDevelopmentCosts.

The official record: Murphy Oil’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Murphy Oil's canada — development costs?
Murphy Oil (MUR) reported canada — development costs of $38.13M in Q4 2025.
How has Murphy Oil's canada — development costs changed year-over-year?
Murphy Oil's canada — development costs increased by 10.7% year-over-year, from $34.43M to $38.13M.
What is the long-term trend for Murphy Oil's canada — development costs?
Over 4 years (2021 to 2025), Murphy Oil's canada — development costs has grown at a 10.5% compound annual growth rate (CAGR), from $102.4M to $152.5M.
What does canada — development costs mean?
The capital investments made in the Canadian segment to bring proved reserves into production, such as drilling development wells and installing production facilities. This is a critical measure of the capital intensity required to maintain or grow regional production volumes.