United States Offshore was Murphy Oil’s largest region in fiscal 2025, bringing in $1.46B of $2.69B (54%).
| Geography | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Malaysia | — | — | — | — | |||||||||||
| U.S | — | — | — | — | |||||||||||
| United States Offshore | $2.45B | $2.19B | $1.87B | $1.46B | |||||||||||
| United States - Onshore | $984.27M | $730.66M | $636.88M | $694.40M | |||||||||||
| United States | — | — | — | — | |||||||||||
| United States Onshore | — | — | — | — | |||||||||||
| Malaysia - Block K | — | — | — | — | |||||||||||
| Canada - Onshore | $643.85M | $437.40M | $314.31M | $343.18M | |||||||||||
| Canada | — | — | — | — | |||||||||||
| Canada Onshore | — | — | — | — | |||||||||||
| Malaysia - Sarawak | — | — | — | — | |||||||||||
| Republic Of The Congo | — | — | — | — | |||||||||||
| Canada - Offshore | — | $78.65M | $193.96M | $187.03M | |||||||||||
| Canada Offshore | $117.75M | — | — | — | |||||||||||
| Corporate & Other | — | — | — | — | |||||||||||
| Other | $22.82M | $11.02M | $6.54M | $5.71M | |||||||||||
| Total | $4.22B | $3.45B | $3.02B | $2.69B |
Murphy Oil brought in $2.69B from its five regions in fiscal 2025, the year ended December 31, 2025. That was down 10.9% from $3.02B in fiscal 2024. United States Offshore was the largest at $1.46B (54.3%), ahead of United States - Onshore at $694.40M (25.8%) and Canada - Onshore at $343.18M (12.8%). The other two regions brought in $192.74M combined.
Compared with fiscal 2024, Canada - Onshore grew fastest, up 9.2% to $343.18M, while United States Offshore fell the most, down 21.8% to $1.46B.
Murphy Oil began breaking out Canada - Offshore in fiscal 2023, when it brought in $78.65M. Murphy Oil stopped reporting Canada Offshore as a separate region after fiscal 2022, when it brought in $117.75M.
United States was Murphy Oil’s largest segment in fiscal 2025, bringing in $2.15B of $2.69B (80%).
| Segment | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $3.44B | $2.92B | $2.50B | $2.15B | |||||||||||
| Exploration & Production | — | — | — | — | |||||||||||
| Canada | $761.50M | $516.00M | $508.20M | $530.20M | |||||||||||
| Corporate & Other | — | — | — | — | |||||||||||
| Other | $23.00M | $11.00M | $6.60M | $5.70M | |||||||||||
| Total | $4.22B | $3.45B | $3.02B | $2.69B |
Murphy Oil brought in $2.69B from its three segments in fiscal 2025, the year ended December 31, 2025. That was down 10.9% from $3.02B in fiscal 2024. United States was the largest at $2.15B (80.1%), ahead of Canada at $530.20M (19.7%) and Other at $5.70M (0.2%).
Compared with fiscal 2024, Canada grew 4.3% to $530.20M, while United States fell 14.0% to $2.15B. From fiscal 2022 to 2025, combined revenue from these segments fell from $4.22B to $2.69B, a compound annual decline of 13.9%. United States' share of the total fell from 81.4% to 80.1%.
Net Crude Oil & Condensate Revenue was Murphy Oil’s largest product and service line in fiscal 2025, bringing in $2.23B of $2.69B (83%).
| Product and Service | FY 2016 | FY 2018 | FY 2019 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Crude Oil & Condensate Revenue | $3.36B | $2.92B | $2.64B | $2.23B | ||||
| Crude Oil & Condensate | — | — | — | — | ||||
| Net Natural Gas Revenue | $537.83M | $370.86M | $300.03M | $382.33M | ||||
| Natural Gas | — | — | — | — | ||||
| Net Natural Gas Liquids Revenue | $142.78M | $89.53M | $79.17M | $80.17M | ||||
| Natural Gas Liquids | — | — | — | — | ||||
| Sales Of Purchased Natural Gas | $181.70M | $72.22M | $3.74M | — | ||||
| Total | $4.22B | $3.45B | $3.02B | $2.69B |
Murphy Oil brought in $2.69B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. Murphy Oil regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $3.02B. Net Crude Oil & Condensate Revenue was the largest at $2.23B (82.8%), ahead of Net Natural Gas Revenue at $382.33M (14.2%) and Net Natural Gas Liquids Revenue at $80.17M (3.0%).
Compared with fiscal 2024, Net Natural Gas Revenue grew fastest, up 27.4% to $382.33M, while Net Crude Oil & Condensate Revenue fell the most, down 15.5% to $2.23B.
Murphy Oil stopped reporting Sales Of Purchased Natural Gas as a separate line after fiscal 2024, when it brought in $3.74M.
Murphy Oil (MUR) reports its revenue by geography, by segment and by product and service. In fiscal 2025, United States Offshore was its largest region, bringing in $1.46B (54.3% of the total), followed by United States - Onshore at $694.40M (25.8%).
United States Offshore was Murphy Oil's largest region in fiscal 2025, bringing in $1.46B, or 54.3% of the $2.69B total across its five regions.
United States was Murphy Oil's largest segment in fiscal 2025, bringing in $2.15B, or 80.1% of the $2.69B total across its three segments.
Net Crude Oil & Condensate Revenue was Murphy Oil's largest product and service line in fiscal 2025, bringing in $2.23B, or 82.8% of the $2.69B total across its three product and service lines.
Among Murphy Oil's regions that make up at least 2% of revenue, Canada - Onshore grew fastest in fiscal 2025, up 9.2% from $314.31M to $343.18M.
Every figure comes from Murphy Oil's annual financial filings, as reported. Each line keeps the name Murphy Oil gives it, and years follow its fiscal calendar.
Murphy Oil's revenue by geography goes back to fiscal 2011, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.