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Murphy Oil MUR United States — 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 united states — exploration costs?
- Murphy Oil (MUR) reported united states — exploration costs of $17.9M in Q4 2025.
- How has Murphy Oil's united states — exploration costs changed year-over-year?
- Murphy Oil's united states — exploration costs decreased by 16.1% year-over-year, from $21.33M to $17.9M.
- What is the long-term trend for Murphy Oil's united states — exploration costs?
- Over 4 years (2021 to 2025), Murphy Oil's united states — exploration costs has grown at a 22.6% compound annual growth rate (CAGR), from $31.7M to $71.6M.
- What does united states — exploration costs mean?
- Includes all costs incurred in identifying areas that may warrant examination and in examining specific areas, including exploratory drilling. High levels of exploration spending indicate an aggressive strategy to replace reserves and grow the production base.
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