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Murphy Oil MUR Exploration Expense
Exploration Expense at other companies
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Where this comes from
Reported directly by Murphy Oil in its filing.
Tagged under the XBRL concept us-gaap:ExplorationExpense.
The source filing: Murphy Oil’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 4:39 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001628280-26-053437
| (Thousands of dollars, except per share amounts) | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 |
|---|---|---|---|---|
| Lease operating expenses | 143,719 | 215,554 | 287,183 | 420,633 |
| Severance and ad valorem taxes | 14,991 | 10,828 | 28,737 | 19,478 |
| Transportation, gathering and processing | 45,274 | 54,070 | 92,335 | 102,921 |
| Exploration expenses, including undeveloped lease amortization | 39,303 | 10,399 | 122,118 | 24,887 |
| Selling and general expenses | 38,670 | 36,919 | 73,540 | 67,834 |
| Depreciation, depletion and amortization | 262,106 | 259,324 | 516,482 | 453,484 |
| Accretion of asset retirement obligations | 14,870 | 14,432 | 29,384 | 28,477 |
| Other operating expense | 14,706 | 1,833 | 19,147 | 7,462 |
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Murphy Oil's exploration expense?
- Murphy Oil (MUR) reported exploration expense of $39.3M in Q2 2026.
- How has Murphy Oil's exploration expense changed year-over-year?
- Murphy Oil's exploration expense increased by 277.9% year-over-year, from $10.4M to $39.3M.
- What is the long-term trend for Murphy Oil's exploration expense?
- Over 4 years (2021 to 2025), Murphy Oil's exploration expense has grown at a 12.8% compound annual growth rate (CAGR), from $69.04M to $111.67M.
- What does exploration expense mean?
- This metric tracks the costs associated with searching for new oil and gas reserves, including geological and geophysical studies and the amortization of undeveloped leases. It indicates the company's commitment to long-term reserve replacement and future production growth.
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