Murphy Oil

Murphy Oil Corporation
Company typePublic company
IndustryPetroleum industry
PredecessorCH Murphy & Co.
Founded1944; 80 years ago (1944)
FounderTheodosia Murphy Nolan, Bertie Murphy Deming Smith, and Charles H. Murphy Sr.[1]
HeadquartersHouston, Texas, United States
Key people
Claiborne P. Deming, Chairman
Roger Jenkins, CEO
ProductsPetroleum
Natural gas
Production output
167.356 thousand barrels of oil equivalent (1,023,860 GJ) per day (2021)
RevenueIncrease $2.801 billion (2021)
Increase -$73.7 million (2021)
Total assetsDecrease $10.305 billion (2021)
Total equityDecrease $4.157 billion (2021)
Number of employees
696 (2021)
Websitewww.murphyoilcorp.com
Footnotes / references
[2]
Murphy Oil's Houston office
Murphy Oil's Houston office, currently the global headquarters

Murphy Oil Corporation is a company engaged in hydrocarbon exploration headquartered in Houston, Texas.[2]

The company is ranked 625th on the Fortune 500[3] and 1860th on the Forbes Global 2000.[4]

As of December 31, 2020, the company had 714.9 million barrels of oil equivalent (4.374×109 GJ) of estimated proved reserves, of which 51% was petroleum, 42% was natural gas, and 7% was natural gas liquids.[2]

The company's developed reserves are in the United States and Canada. The company also has undeveloped reserves in Australia, Brazil, Brunei, Mexico, and Vietnam.[2]

In the United States, the company's reserves are primarily in the Eagle Ford Group area of South Texas and in the deepwater Gulf of Mexico.[2]

The company's Canadian operations are mostly heavy crude oil projects in the Western Canadian Sedimentary Basin.[2] Murphy’s East Coast Canada assets are located offshore Newfoundland in two producing oil fields in the Jeanne d’Arc Basin. The company holds a 6.5% non-operated working interest in Hibernia and 18% non-operated working interest in Terra Nova.[5]

Of the company's 2020 production of 174.636 thousand barrels of oil equivalent (1,068,400 GJ) per day, 59% was petroleum, 5% was natural gas liquids, and 36% was natural gas.[2]

  1. ^ Roberts, Jeannie. "Murphy Oil founder Polly Winter, 92, dies". Arkansas Democrat Gazette. Arkansas Online.
  2. ^ a b c d e f g "Murphy Oil Corporation 2021 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  3. ^ "Fortune 500: Murphy Oil". Fortune.
  4. ^ "Forbes Global 2000". Forbes.
  5. ^ https://www.murphyoilcorp.com/operations_listing/offshore-canada/