Summary Murphy Oil Corporation is a global oil and natural gas exploration and production (E&P) company, with both onshore and offshore operations and properties. As used in this report, the terms Murphy, Murphy Oil, we, our, its and Company may refer to Murphy Oil Corporation or any one or more of its consolidated subsidiaries.
11.08% operating margin is respectable but not wide. ROIC at 3.54%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 10.2% YoY. Margins deteriorated 8.8pp alongside, both lines moving the wrong way.
ROIC dropped from 7.13% to 3.54%, capital efficiency is deteriorating. Operating margin contracted 8.8pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$2.79B
▼ -10.2% YoY
Net Income (TTM)
$84M
▼ -74.4% YoY
Op. Margin
10.61%
▼ -8.8pp YoY
ROIC
3.19%
▼ -3.6pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$1.27B
▼ -27.8% YoY
Net Debt
$1.92B
Cash & Equiv.
$379M
5Y CAGR: +6.7%
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