Murphy Oil Corporation (MUR) financial statements (2022 and earlier)

Company profile

Business Address 9805 KATY FWY
HOUSTON, TX 77024
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments521311307387965984456
Cash and cash equivalents521311307387965873283
Short-term investments     112173
Receivables258262427332243357523
Inventory, net of allowances, customer advances and progress billings54667688105127167
Inventory54667688105127167
Prepaid expense323441523564213
Disposal group, including discontinued operation1532812421232738
Other undisclosed current assets      51
Total current assets:8811,0009748801,3721,5591,448
Noncurrent Assets
Operating lease, right-of-use asset881928 
Property, plant and equipment 8,2699,9709,7588,2208,3169,818
Other noncurrent assets2929475658420227
Other undisclosed noncurrent assets8,513395728360212  
Total noncurrent assets:9,4249,62110,74410,1738,4898,73710,045
TOTAL ASSETS:10,30510,62111,71911,0539,86110,29611,494
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0245988182051801311,530
Accounts payable623407602    
Accrued liabilities36115119718615710375
Taxes payable40411919242838
Other undisclosed accounts payable and accrued liabilities      1,416
Debt1104 111057019
Restructuring reserve2      
Asset retirement obligation132 3955131432
Disposal group, including discontinued operation 14133437
Other undisclosed current liabilities5 7257262878587
Total current liabilities:1,1647169438468341,5021,675
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,4652,9882,8033,2272,9072,4233,041
Capital lease obligations126134196210
Operating lease, liability761845 
Other undisclosed long-term debt and lease obligation1,7042,1432,8033,1012,7732,2272,831
Liabilities, other than long-term debt1,5931,6771,4391,7821,5001,4541,472
Asset retirement obligations8408168261,027709682793
Deferred tax liabilities, net13015969240
Deferred income tax liabilities183180 
Disposal group, including discontinued operation, liabilities     86 
Other liabilities571681613624632617439
Other undisclosed noncurrent liabilities761845729    
Total noncurrent liabilities:4,8205,5104,9715,0094,4073,8774,512
Total liabilities:5,9846,2275,9145,8555,2415,3796,187
Stockholders' equity
Stockholders' equity attributable to parent4,1574,2145,4674,8294,6204,9175,307
Common stock195195195195195195195
Treasury stock, value(1,655)(1,691)(1,717)(1,249)(1,276)(1,297)(1,306)
Additional paid in capital927942949980918917910
Accumulated other comprehensive loss(528)(601)(574)(610)(462)(628)(705)
Retained earnings5,2195,3706,6145,5145,2455,7306,212
Stockholders' equity attributable to noncontrolling interest163180337368   
Total stockholders' equity:4,3214,3945,8055,1984,6204,9175,307
TOTAL LIABILITIES AND EQUITY:10,30510,62111,71911,0539,86110,29611,494

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,2991,9672,8292,5712,2251,8743,033
Revenue, net2,0981,8102,787
Cost of revenue(1,584)(1,805)(1,981)(1,591)(1,550)(1,815)(2,648)
Cost of goods and services sold   (556)(468)(559)(832)
Gross profit:71516384897967560385
Operating expenses(434)(1,525)(402)(350)(353)(553)(3,667)
Other operating expense, net(21)(16)     
Other undisclosed operating income2116     
Operating income (loss):281(1,362)445630322(493)(3,282)
Nonoperating expense(239)(187)(242)(197)(250)(18)(79)
Foreign currency transaction gain, before tax     6088
Other nonoperating income (expense)(17)(17)(23)(16)(68)6392
Interest and debt expense(222)(169)27(182)(182)  
Income (loss) from continuing operations before equity method investments, income taxes:(179)(1,718)230251(110)(511)(3,361)
Other undisclosed income (loss) from continuing operations before income taxes222169(27)1821821879
Income (loss) from continuing operations before income taxes:43(1,549)20343272(493)(3,282)
Income tax expense (benefit)6294(15)(9)(383)2191,026
Income (loss) from continuing operations:49(1,255)189423(311)(274)(2,256)
Income (loss) from discontinued operations(1)(7)1,064(4)(1)(2)(15)
Net income (loss):48(1,262)1,253419(312)(276)(2,271)
Net income (loss) attributable to noncontrolling interest(121)114(104)(8)   
Net income (loss) available to common stockholders, diluted:(74)(1,149)1,150411(312)(276)(2,271)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):48(1,262)1,253419(312)(276)(2,271)
Other comprehensive income (loss)74(27)36(148)16676(534)
Comprehensive income (loss):121(1,290)1,289272(146)(200)(2,805)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(121)114(104)(8)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (114)1048   
Comprehensive income (loss), net of tax, attributable to parent:(0)(1,290)1,289272(146)(200)(2,805)

Statements sources

The financial statements are based on the company's filings with the 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.

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