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Murphy Oil MUR Other — 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 other — exploration costs?
- Murphy Oil (MUR) reported other — exploration costs of $36.08M in Q4 2025.
- How has Murphy Oil's other — exploration costs changed year-over-year?
- Murphy Oil's other — exploration costs increased by 139.7% year-over-year, from $15.05M to $36.08M.
- What is the long-term trend for Murphy Oil's other — exploration costs?
- Over 4 years (2021 to 2025), Murphy Oil's other — exploration costs has grown at a 48.0% compound annual growth rate (CAGR), from $30.1M to $144.3M.
- What does other — exploration costs mean?
- Captures the total costs associated with searching for oil and gas reserves, including geological and geophysical studies, exploratory drilling, and lease rentals within the 'Other' segment. High levels of exploration spending reflect an aggressive growth strategy to replace or expand the reserve base.
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