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Murphy Oil MUR Canada — Exploration costs
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Where this comes from
Reported directly by Murphy Oil in its filing.
Tagged under the XBRL concept us-gaap:CostsIncurredExplorationCosts.
The source filing: Murphy Oil’s 10-K, filed February 25, 2026.
- Filed
- Feb 25, 2026, 4:30 PM EST
- Fiscal year
- FY2025
- Accession
- 0001628280-26-011709
| (Millions of dollars) / Year ended December 31, 2025 | United States | Canada | Other | Total |
|---|---|---|---|---|
| Unproved | $5.5 | — | — | $5.5 |
| Proved | 23.6 | — | — | 23.6 |
| Total acquisition costs | 29.1 | — | — | 29.1 |
| Exploration costs | 71.6 | 0.3 | 144.3 | 216.2 |
| Development costs | 696.2 | 152.5 | 102.9 | 951.6 |
| Total costs incurred | 796.9 | 152.8 | 247.2 | 1,196.9 |
| Charged to expense | ||||
| Dry hole expense | (0.9) | — | 31.0 | 30.1 |
Item 16. FORM 10-K SUMMARY
FAQ
- What is Murphy Oil's canada — exploration costs?
- Murphy Oil (MUR) reported canada — exploration costs of $75K in Q4 2025.
- How has Murphy Oil's canada — exploration costs changed year-over-year?
- Murphy Oil's canada — exploration costs decreased by 25.0% year-over-year, from $100K to $75K.
- What is the long-term trend for Murphy Oil's canada — exploration costs?
- Over 4 years (2021 to 2025), Murphy Oil's canada — exploration costs has grown at a -6.9% compound annual growth rate (CAGR), from $400K to $300K.
- What does canada — exploration costs mean?
- The expenses incurred in the Canadian segment related to searching for new oil and gas reserves, including geological and geophysical studies. This metric indicates the company's commitment to replenishing its resource base through organic discovery.
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