What is Murphy Oil's canada — dry hole expense?

Murphy Oil (MUR) reported canada — dry hole expense of $0 in Q4 2025.

What does canada — dry hole expense mean?

The costs associated with drilling exploratory or development wells that do not result in the discovery of commercially viable oil or gas reserves. This metric serves as a key indicator of exploration risk and the efficiency of geological assessment processes.

Murphy Oil MUR Canada — Dry hole expense

Similar metrics at other companies

DVNDry Hole Expense

$25M+150%

EOGDry Hole Expense

$45M+9.8%

FCXDry Hole Expense

$38M-2.6%

EOGDry Hole Costs

$23M-32.4%

APADry Hole Costs

$12M+9.1%

EOGDry Hole Costs

$23M-32.4%

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

See full

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 mur:ResultsOfOperationsDryHoleCostsIncludingDiscontinuedOperations.

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

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What is Murphy Oil's canada — dry hole expense?: Murphy Oil (MUR) reported canada — dry hole expense of $0 in Q4 2025.
What does canada — dry hole expense mean?: The costs associated with drilling exploratory or development wells that do not result in the discovery of commercially viable oil or gas reserves. This metric serves as a key indicator of exploration risk and the efficiency of geological assessment processes.