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Murphy Oil MUR Capitalized Exploratory Well Costs

Capitalized Exploratory Well Costs at other companies

SM Energy logo
SM EnergySM
$22M-33.3%
ConocoPhillips logo
ConocoPhillipsCOP
$347M+66.0%

Other financials

Income statement

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Revenue$928.3M+33.5%
Gross profit$624.6M-6.9%
Operating income$354.7M+285%
Net income$232.2M+942%
EPS (diluted)$1.59+894%

Balance sheet

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Cash & equivalents$483.9M+27.5%
Total debt$2.3B+4.9%
Total equity$5.3B+1.2%
Total assets$10.3B+4.5%

Cash flow

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Operating cash flow$655.9M+83.2%

Valuation

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Market cap$4.74B+40.5%
Enterprise value$6.52B+26.5%
P/E16.1×+4.3×
P/S1.6×+0.4×

Profitability

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Gross margin100.4%+0.5pp
Operating margin18.6%+0.6pp
Net margin9.8%-0.4pp
FCF margin4.9%

Returns & leverage

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Return on equity5.6%+0.2pp
Debt / equity0.4×0.0×
Current ratio0.9×0.0×

Where this comes from

Reported directly by Murphy Oil in its filing.

Tagged under the XBRL concept us-gaap:CapitalizedExploratoryWellCosts.

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)20262025
Beginning balance at January 1$191,821$72,055
Additions pending the determination of proved reserves190,42738,469
Capitalized exploratory well costs charged to expense(10,627)
Balance at June 30$371,621$110,524

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Murphy Oil's capitalized exploratory well costs?
Murphy Oil (MUR) reported capitalized exploratory well costs of $371.62M in Q2 2026.
How has Murphy Oil's capitalized exploratory well costs changed year-over-year?
Murphy Oil's capitalized exploratory well costs increased by 236.2% year-over-year, from $110.52M to $371.62M.
What is the long-term trend for Murphy Oil's capitalized exploratory well costs?
Over 5 years (2020 to 2025), Murphy Oil's capitalized exploratory well costs has grown at a 1.1% compound annual growth rate (CAGR), from $181.62M to $191.82M.
What does capitalized exploratory well costs mean?
Costs of exploratory wells capitalized pending determination of proved reserves.

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