Murphy Oil Corporation (MUR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
9805 KATY FWY HOUSTON, TX 77024 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 317 | 492 | 521 | 311 | 307 | 387 | |||
| Cash and cash equivalents | 317 | 492 | 521 | 311 | 307 | 387 | |||
| Receivables | 344 | 391 | 258 | 262 | 427 | 332 | |||
| Inventory, net of allowances, customer advances and progress billings | 54 | 55 | 54 | 66 | 76 | 88 | |||
| Inventory | 54 | 55 | 54 | 66 | 76 | 88 | |||
| Prepaid expense | 37 | 35 | 32 | 34 | 41 | 52 | |||
| Disposal group, including discontinued operation | 15 | 328 | 124 | 21 | |||||
| Total current assets: | 752 | 972 | 881 | 1,000 | 974 | 880 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 745 | 946 | 881 | 928 | ✕ | ||||
| Property, plant and equipment | 8,225 | 8,269 | 9,970 | 9,758 | |||||
| Other noncurrent assets | 44 | 44 | 29 | 29 | 47 | 56 | |||
| Other undisclosed noncurrent assets | 0 | 8,346 | 8,513 | 395 | 728 | 360 | |||
| Total noncurrent assets: | 9,015 | 9,337 | 9,424 | 9,621 | 10,744 | 10,173 | |||
| TOTAL ASSETS: | 9,767 | 10,309 | 10,305 | 10,621 | 11,719 | 11,053 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 638 | 1,037 | 1,024 | 598 | 818 | 205 | |||
| Taxes payable | ✕ | ✕ | ✕ | 40 | 41 | 19 | 19 | ||
| Accounts payable | 447 | 544 | 623 | 407 | 602 | ||||
| Accrued liabilities | 191 | 493 | 361 | 151 | 197 | 186 | |||
| Debt | 1 | 1 | 1 | 104 | 11 | ||||
| Restructuring reserve | 2 | ||||||||
| Asset retirement obligation | 11 | 94 | 132 | 39 | 55 | ||||
| Disposal group, including discontinued operation | 14 | 13 | 3 | ||||||
| Other undisclosed current liabilities | 197 | 126 | 5 | 72 | 572 | ||||
| Total current liabilities: | 847 | 1,258 | 1,164 | 716 | 943 | 846 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,328 | 1,822 | 2,465 | 2,988 | 2,803 | 3,227 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 126 | ||
| Other undisclosed long-term debt and lease obligation | 1,328 | 1,822 | 1,704 | 2,143 | 2,803 | 3,101 | |||
| Liabilities, other than long-term debt | 2,042 | 2,080 | 1,593 | 1,677 | 1,439 | 1,782 | |||
| Asset retirement obligations | 904 | 817 | 840 | 816 | 826 | 1,027 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 130 | ||
| Deferred income tax liabilities | 277 | 215 | 183 | 180 | ✕ | ||||
| Other liabilities | 310 | 305 | 571 | 681 | 613 | 624 | |||
| Operating lease, liability | 552 | 743 | 761 | 845 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 761 | 845 | 729 | ||||||
| Total noncurrent liabilities: | 3,370 | 3,902 | 4,820 | 5,510 | 4,971 | 5,009 | |||
| Total liabilities: | 4,217 | 5,160 | 5,984 | 6,227 | 5,914 | 5,855 | |||
| Equity | |||||||||
| Equity, attributable to parent | 5,363 | 4,995 | 4,157 | 4,214 | 5,467 | 4,829 | |||
| Common stock | 195 | 195 | 195 | 195 | 195 | 195 | |||
| Treasury stock, value | (1,738) | (1,615) | (1,655) | (1,691) | (1,717) | (1,249) | |||
| Additional paid in capital | 880 | 894 | 927 | 942 | 949 | 980 | |||
| Accumulated other comprehensive loss | (521) | (535) | (528) | (601) | (574) | (610) | |||
| Retained earnings | 6,546 | 6,055 | 5,219 | 5,370 | 6,614 | 5,514 | |||
| Equity, attributable to noncontrolling interest | 187 | 154 | 163 | 180 | 337 | 368 | |||
| Total equity: | 5,550 | 5,149 | 4,321 | 4,394 | 5,805 | 5,198 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,767 | 10,309 | 10,305 | 10,621 | 11,719 | 11,053 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,460 | 3,933 | 2,299 | 1,967 | 2,829 | 2,571 | ||
| Cost of revenue | (2,020) | (2,035) | (1,584) | (1,805) | (1,981) | (1,591) | ||
| Cost of goods and services sold | (52) | (172) | (556) | |||||
| Gross profit: | 1,440 | 1,897 | 715 | 163 | 848 | 979 | ||
| Operating expenses | (398) | (311) | (434) | (1,525) | (402) | (350) | ||
| Other operating expense, net | (47) | (138) | (21) | (16) | ||||
| Other undisclosed operating income | 47 | 138 | 21 | 16 | ||||
| Operating income (loss): | 1,042 | 1,587 | 281 | (1,362) | 445 | 630 | ||
| Nonoperating expense | (121) | (136) | (239) | (187) | (242) | (197) | ||
| Interest and debt expense | (112) | (151) | (222) | (169) | 27 | (182) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 809 | 1,300 | (179) | (1,718) | 230 | 251 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 112 | 151 | 222 | 169 | (27) | 182 | ||
| Income (loss) from continuing operations before income taxes: | 921 | 1,450 | 43 | (1,549) | 203 | 432 | ||
| Income tax expense (benefit) | (196) | (309) | 6 | 294 | (15) | (9) | ||
| Income (loss) from continuing operations: | 725 | 1,141 | 49 | (1,255) | 189 | 423 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 48 | (1,262) | 1,253 | 419 | |
| Income (loss) from discontinued operations | (1) | (2) | (1) | (7) | 1,064 | (4) | ||
| Net income (loss): | 724 | 1,139 | 48 | (1,262) | 1,253 | 419 | ||
| Net income (loss) attributable to noncontrolling interest | (62) | (174) | (121) | 114 | (104) | (8) | ||
| Net income (loss) available to common stockholders, diluted: | 662 | 965 | (74) | (1,149) | 1,150 | 411 | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 724 | 1,139 | 48 | (1,262) | 1,253 | 419 | ||
| Other comprehensive income (loss) | 14 | (7) | 74 | (27) | 36 | (148) | ||
| Comprehensive income (loss): | 737 | 1,132 | 121 | (1,290) | 1,289 | 272 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (62) | (174) | (121) | 114 | (104) | (8) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (114) | 104 | 8 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 675 | 958 | (0) | (1,290) | 1,289 | 272 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.