Murphy Oil (MUR) Operating Expenses (2009 - 2026)
Murphy Oil's (MUR) quarterly Operating Expenses came in at $595.3 million in Q1 2026, up 14.08% YoY from $521.8 million in Q1 2025, and up 5.32% on a QoQ basis from $565.2 million in Q4 2025.
Murphy Oil (MUR) Operating Expenses (2009 - 2026) Analysis & Trends
Murphy Oil (MUR) has 18 years of Operating Expenses data on file, last reported at $595.3 million in Q1 2026.
- Quarterly Operating Expenses rose 14.08% year-over-year to $595.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.5 billion (up 8.06% YoY) and the FY2025 annual result came in at $2.4 billion, changed 0.34% from the prior year.
- Operating Expenses improved to $595.3 million in Q1 2026, from $565.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $727.2 million in Q3 2025 to a low of $521.8 million in Q1 2025.
- A 5-year average of $600.2 million and a median of $595.1 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 51.79% — and 2025, when it dropped 18.77%.
- Tracing MUR's Operating Expenses over 5 years: stood at $651.1 million in 2022, then decreased by 1.49% to $641.4 million in 2023, then retreated by 8.67% to $585.8 million in 2024, then fell by 3.51% to $565.2 million in 2025, then advanced by 5.32% to $595.3 million in 2026.
- The last three Operating Expenses figures came in at $595.3 million (Q1 2026), $565.2 million (Q4 2025), and $727.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 114.95 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 4.55 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 54.24 Mn |
| 10 | Murphy Oil | 5.47 Bn | 4.98 Bn | - | 573.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 573.64 Mn |
| Mar 31, 2026 | 595.29 Mn |
| Dec 31, 2025 | 565.22 Mn |
| Sep 30, 2025 | 727.19 Mn |
| Jun 30, 2025 | 603.36 Mn |
| Mar 31, 2025 | 521.82 Mn |
| Dec 31, 2024 | 585.77 Mn |
| Sep 30, 2024 | 579.31 Mn |
| Jun 30, 2024 | 618.45 Mn |
| Mar 31, 2024 | 642.36 Mn |
| Dec 31, 2023 | 641.35 Mn |
| Sep 30, 2023 | 582.14 Mn |
| Jun 30, 2023 | 649.71 Mn |
| Mar 31, 2023 | 544.92 Mn |
| Dec 31, 2022 | 651.08 Mn |
| Sep 30, 2022 | 550.34 Mn |
| Jun 30, 2022 | 549.45 Mn |
| Mar 31, 2022 | 595.09 Mn |
| Dec 31, 2021 | 428.92 Mn |
| Sep 30, 2021 | 407.33 Mn |