Balanced mid-cap E&P: ~48% US (deepwater Gulf of America oil + Eagle Ford liquids) and ~42% Canada (Tupper Montney gas, Kaybob Duvernay), with a growing offshore Vietnam development (Lac Da Vang, first oil ~2026) and Cote d'Ivoire exploration.
FY2025 was pressured by softer prices and lower volumes (182 mboe/d; net income $104M). Balance sheet stays disciplined (~$1.4bn debt), with an 8% dividend increase for 2026 and 103% reserve replacement maintaining an ~11-year reserve life.
Its EV/EBITDA of 5.0x is below the 5.9x median across the 142-company universe, the free-cash-flow yield of 5.3% is lower than the 6.5% median, and at $10.46/boe of proved reserves it is cheaper than the $13.51/boe median.
On a balanced screen across the universe, Murphy Oil Corporation scores 51/100, strongest on safety (74/100). Sub-scores: value 42, quality 47, growth 40, risk 26 (higher = riskier).
Murphy Oil Corporation holds approximately 0.71 billion boe of proved (1P) reserves with FY2025 production of about 182 thousand boe/d (77% liquids), a reserve life of roughly 10.7 years. Break-even: ~$43 (Brent FCF breakeven) — Corporate cash-flow breakeven roughly $40-45/bbl Brent, covering base capex plus the dividend.
For Murphy Oil Corporation, no SEC standardized measure is disclosed (non-US filer or listed NOC), so a public-source proved-NAV floor is not computable from US filings. See the interactive screener's NAV tab for peers where an SEC figure exists.
| Country / region | Prod. share | Country risk | Key jurisdiction risk |
|---|---|---|---|
| United States | 49% | 23 | Stable, deep; federal-lands leasing and permitting policy swings. |
| Canada | 43% | 8 | Stable; pipeline egress constraints, oil-sands emissions policy. |
| Other | 6% | 50 | diversified/unspecified exposure — universe-average proxy |
| Vietnam | 2% | 42 | State-led; slow approvals, South China Sea disputes. |
Enerquill Advisory provides asset valuation, petroleum fiscal modelling and risk analysis for oil, gas and LNG transactions — including bespoke, deal-specific NAV and acquirer–target screens that go well beyond this public data.
Work with us →About Enerquill| Asset | Location | Type | Notes |
|---|---|---|---|
| Gulf of America (deepwater) | United States | Offshore oil | King's Quay FPS hub; Khaleesi/Mormont/Samurai |
| Eagle Ford Shale | United States | Onshore liquids | Karnes/Catarina oil-weighted shale |
| Tupper Montney | Canada | Onshore gas | Largest-volume asset, BC dry gas |
| Kaybob Duvernay | Canada | Onshore liquids | Alberta condensate-rich acreage |
| Hibernia / Terra Nova | Canada | Offshore oil | Non-operated Atlantic Canada interests |
| Lac Da Vang | Vietnam | Offshore development | First oil ~2026 |
| Cote d'Ivoire (CI-705/708/709) | Cote d'Ivoire | Offshore exploration | Frontier exploration optionality |
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Production (mboe/d) | 158 | 172 | 186 | 185 | 182 |
| Proved reserves (bnboe) | 0.70 | 0.71 | 0.73 | 0.72 | 0.71 |
| Revenue ($bn) | 2.8 | 3.5 | 3.5 | 3.0 | 2.7 |
| EBITDA ($bn) | 1.1 | 2.0 | 1.9 | 1.6 | 1.5 |
| Net income ($bn) | -0.1 | 1.0 | 0.7 | 0.4 | 0.1 |
| Free cash flow ($bn) | 0.3 | 1.0 | 0.8 | 0.6 | 0.3 |
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✓ FY2025 figures verified against primary sources: