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 official record: Murphy Oil’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Murphy Oil's exploration expense?
- Murphy Oil (MUR) reported exploration expense of $82.82M in Q1 2026.
- How has Murphy Oil's exploration expense changed year-over-year?
- Murphy Oil's exploration expense increased by 471.6% year-over-year, from $14.49M to $82.82M.
- 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.