Murphy Oil (MUR) Operating Margin (2009 - 2026)
Murphy Oil's (MUR) quarterly Operating Margin came in at 18.88% in Q1 2026, down 274.0% YoY from 10.85% in Q1 2025, and up 95.07% on a QoQ basis from 9.68% in Q4 2025.
Murphy Oil (MUR) Operating Margin (2009 - 2026) Analysis & Trends
Murphy Oil (MUR) has 18 years of Operating Margin data on file, last reported at 18.88% in Q1 2026.
- Quarterly Operating Margin fell 274.0% year-over-year to 18.88% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 10.75% (down 975.0% YoY) and the FY2025 annual result came in at 11.2%, down 876.0% from the prior year.
- Operating Margin rose to 18.88% in Q1 2026, from 9.68% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 64.57% in Q3 2022 to a low of 4.83% in Q1 2022.
- A 5-year average of 23.61% and a median of 21.62% in 2025 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin surged 4482 bps — and 2023, when it plunged 2583 bps.
- Tracing MUR's Operating Margin over 5 years: stood at 32.87% in 2022, then dropped by 27 bps to 24.09% in 2023, then sank by 47 bps to 12.72% in 2024, then retreated by 24 bps to 9.68% in 2025, then surged by 95 bps to 18.88% in 2026.
- The last three Operating Margin figures came in at 18.88% (Q1 2026), 9.68% (Q4 2025), and 0.8% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 53.17% |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | 84.71% |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 40.93% |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 45.16% |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | 91.41% |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 32.14% |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 39.52% |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 21.77% |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 77.96% |
| 10 | Murphy Oil | 5.37 Bn | 4.88 Bn | - | 38.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.21% |
| Mar 31, 2026 | 18.88% |
| Dec 31, 2025 | 9.68% |
| Sep 30, 2025 | 0.80% |
| Jun 30, 2025 | 13.50% |
| Mar 31, 2025 | 21.62% |
| Dec 31, 2024 | 12.72% |
| Sep 30, 2024 | 23.77% |
| Jun 30, 2024 | 23.01% |
| Mar 31, 2024 | 19.38% |
| Dec 31, 2023 | 24.09% |
| Sep 30, 2023 | 39.58% |
| Jun 30, 2023 | 20.28% |
| Mar 31, 2023 | 35.33% |
| Dec 31, 2022 | 32.87% |
| Sep 30, 2022 | 64.57% |
| Jun 30, 2022 | 46.11% |
| Mar 31, 2022 | -4.83% |
| Dec 31, 2021 | 40.67% |
| Sep 30, 2021 | 32.49% |