Murphy Oil (MUR) Research & Development (2009 - 2026)
Murphy Oil's (MUR) quarterly Research & Development came in at $82.8 million in Q1 2026, up 471.51% YoY from $14.5 million in Q1 2025, and up 52.54% on a QoQ basis from $54.3 million in Q4 2025.
Murphy Oil (MUR) Research & Development (2009 - 2026) Analysis & Trends
Murphy Oil (MUR) has 18 years of Research & Development data on file, last reported at $82.8 million in Q1 2026.
- Quarterly Research & Development rose 471.51% year-over-year to $82.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $180.0 million (up 73.76% YoY) and the FY2025 annual result came in at $111.7 million, down 16.35% from the prior year.
- Research & Development grew to $82.8 million in Q1 2026, from $54.3 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $115.8 million in Q2 2023 to a low of $9.5 million in Q3 2022.
- A 5-year average of $40.9 million and a median of $32.5 million in 2025 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2023 — Research & Development surged 664.26% — and 2024, when it slumped 81.64%.
- Tracing MUR's Research & Development over 5 years: stood at $61.0 million in 2022, then soared by 34.91% to $82.3 million in 2023, then tumbled by 81.64% to $15.1 million in 2024, then jumped by 259.24% to $54.3 million in 2025, then soared by 52.54% to $82.8 million in 2026.
- The last three Research & Development figures came in at $82.8 million (Q1 2026), $54.3 million (Q4 2025), and $32.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 75.00 Mn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 47.00 Mn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | - |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 16.00 Mn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 37.00 Mn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | - |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | Murphy Oil | 5.47 Bn | 4.98 Bn | - | 39.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.30 Mn |
| Mar 31, 2026 | 82.80 Mn |
| Dec 31, 2025 | 54.28 Mn |
| Sep 30, 2025 | 32.50 Mn |
| Jun 30, 2025 | 10.40 Mn |
| Mar 31, 2025 | 14.49 Mn |
| Dec 31, 2024 | 15.11 Mn |
| Sep 30, 2024 | 31.28 Mn |
| Jun 30, 2024 | 42.70 Mn |
| Mar 31, 2024 | 44.40 Mn |
| Dec 31, 2023 | 82.29 Mn |
| Sep 30, 2023 | 26.51 Mn |
| Jun 30, 2023 | 115.79 Mn |
| Mar 31, 2023 | 10.18 Mn |
| Dec 31, 2022 | 60.99 Mn |
| Sep 30, 2022 | 9.49 Mn |
| Jun 30, 2022 | 15.15 Mn |
| Mar 31, 2022 | 47.57 Mn |
| Dec 31, 2021 | 19.20 Mn |
| Sep 30, 2021 | 24.52 Mn |