Murphy Oil (MUR) Research & Development (2009 - 2026)
Murphy Oil (MUR) recorded Research & Development of $33.11 million in Q3 2026, up 1.9% from $32.5 million a year earlier but down 15.8% from the prior quarter.
Powered by 
Analysis
Murphy Oil (MUR) Research & Development (2009 - 2026) Analysis & Trends
On a TTM basis, Murphy Oil's Research & Development came in at $209.53 million as of Sep 30, 2026, up 188.8% year-over-year; for FY2025, it was $111.7 million, down 16.4% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 5.3% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $133.54 million in FY2024 (-43.1%), $234.8 million in FY2023 (+76.3%), $133.2 million in FY2022 (+92.9%) and $69.04 million in FY2021 (-20.2%).
- Quarterly Research & Development has ranged from $9.49 million in Q3 2022 to $115.79 million in Q2 2023 over the past five years.
- On a year-over-year basis, Research & Development has increased for five consecutive quarters, with growth averaging 98.6% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 664.3% in Q2 2023, against a decline of 81.6% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $39.3 million (Q2 2026), $82.82 million (Q1 2026) and $54.3 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 116.00 Mn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 259.00 Mn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 134.00 Mn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | - |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 60.00 Mn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 311.00 Mn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | - |
| 10 | Murphy Oil | 5.28 Bn | 3.71 Bn | - | 33.11 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 33.11 Mn |
| Jun 30, 2026 | 39.30 Mn |
| Mar 31, 2026 | 82.82 Mn |
| Dec 31, 2025 | 54.30 Mn |
| Sep 30, 2025 | 32.50 Mn |
| Jun 30, 2025 | 10.40 Mn |
| Mar 31, 2025 | 14.50 Mn |
| Dec 31, 2024 | 15.14 Mn |
| Sep 30, 2024 | 31.30 Mn |
| Jun 30, 2024 | 42.70 Mn |
| Mar 31, 2024 | 44.43 Mn |
| Dec 31, 2023 | 82.31 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 |
API Access
Murphy Oil Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=MUR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "MUR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=MUR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();