Murphy at a Glance Murphy is an independent exploration and production company, with a diverse portfolio that provides exploration upside Multi-Basin Production 3Q 2024 Production1 Gulf of Mexico Offshore Canada Onshore United States…
Advancing Strategic Priorities DELEVER EXECUTE EXPLORE RETURN Reduced debt by 50 MM in Produced 185 MBOEPD in 3Q 2024 Drilled discovery at operated Hai Progressed Murphy 3.0 of YTD 3Q 20241 Su Vang-1X well in Vietnam Completed…
Strong Balance Sheet Positioned to Withstand Commodity Price Cycles Enhancing Financial Position Through Capital Markets Transactions in 4Q 2024 Issued Tendered Called 600 MM of 6.000% Senior + 521 MM + 79 MM of senior notes in…
Delivering Shareholder Returns Within Capital Allocation Framework1 Adjusted Free Cash Murphy 3.0 Flow Formula Murphy 2.0 Long-term debt Murphy 1.0 1.3 BN Long-term debt Long-term debt of 1.3 BN 1.8 BN Cash Flow From Operations…
Reducing Debt While Generating Shareholder Returns Total Debt Reduction MM Consistent Focus on Balance Sheet and Increasing Shareholder Returns 3,000 2,500 Reduced debt by 60% since YE 2020 2,000 Returned 110% of adjusted free cash…
Long History of Benefitting Shareholders Paying dividends for 60-year history 7.4 Billion Maintaining balance sheet integrity with no equity issuances Returned to Shareholders Since 1961 Peer Cumulative Shareholder Returns vs Market…
Ongoing Commitment to Sustainability Goals Acting to Support All Stakeholders CONTINUED POSITIVELY IMPACTING OUR STRONG ENVIRONMENTAL STEWARDSHIP PEOPLE AND COMMUNITIES GOVERNANCE OVERSIGHT ADVANCING OUR CLIMATE GOALS Well-defined…
Eagle Ford Shale Update Enhancing Portfolio Through Strong Execution Eagle Ford Shale Acreage 3Q 2024 32 MBOEPD, 72% Oil, 86% Liquids 5 operated wells online in Tilden 3 new wells and 2 refracs KARNES 3 gross non-operated wells…
Tupper Montney Update Consistent Well Outperformance While Managing Price Risk 3Q 2024 429 MMCFD Net, 100% Natural Gas Tupper Montney Acreage 2024 well delivery program completed in 2Q 2024 TUPPER WEST 4Q 2024 Plan Initiate drilling…
Offshore Update Focusing on Executing Highly-Accretive Development Projects Total Offshore 3Q 2024 75 MBOEPD, 81% Oil Highly-Accretive Development and Tieback Projects Gulf of Mexico 67 MBOEPD, 79% Oil Field Drilling Completions Online…
Lac Da Vang Field Development Project Update Cuu Long Basin, Vietnam Cuu Long Basin Lac Da Vang Field Development Overview BLOCK 15-01/05 LAC DA TRANG NORTH WEST Murphy 40% (Op), PetroVietnam Exploration Production 35%, SK Earthon…
Hai Su Vang-1X Exploration Update Cuu Long Basin, Vietnam Cuu Long Basin Hai Su Vang-1X, Block 15-2/17 BLOCK 15-01/05 LAC DA TRANG SU TU VANG Murphy 40% (Op), PetroVietnam Exploration NORTH WEST Production 35%, SK Earthon 25% LAC…
Lac Da Hong-1X Exploration Update Cuu Long Basin, Vietnam Lac Da Hong-1X, Block 15-1/05 Cuu Long Basin BLOCK 15-01/05 LAC DA TRANG Murphy 40% (Op), PetroVietnam Exploration NORTH WEST Production 35%, SK Earthon 25% LAC DA TRANG…
Development and Exploration Update Tano Basin, Cte dIvoire Asset Overview Tano Basin 1.5 MM gross acres, equivalent to 256 Gulf of Mexico blocks CTE DIVOIRE GHANA Completed seismic reprocessing in 4Q 2024 CI-102 Baleine Diverse…
LOOKING AHEAD www.murphyoilcorp.com NYSE: MUR 22
North America Onshore Locations More Than 50 Years of Robust Inventory with Low Breakeven Rates Diversified, Low Breakeven Portfolio Eagle Ford Shale and Kaybob Duvernay Multi-basin portfolio provides optionality in 25 years of…
Offshore Development Opportunities Multi-Year Inventory of High-Return Projects Diversified, Low Breakeven Opportunities in Offshore Portfolio Resources To Be Developed By Year Percent MMBOE by Year Multi-year inventory of identified…
Disciplined Strategy Leads to Long-Term Value With Current Assets DELEVER EXECUTE EXPLORE RETURN NEAR-TERM LONG-TERM Reducing debt to reach 1.0 BN debt target in mid-20251 with no debt Realizing average annual production of 210-220…
Progressing On 2024 Goals Delivering shareholder returns through capital allocation framework Enhancing financial position through capital markets Exceeding production guidance across onshore assets Executing Gulf of Mexico…
INVESTOR UPDATE JANUARY 2025 www.murphyoilcorp.com NYSE: MUR 27
Current Fixed Price Contracts AECO Price Risk Mitigation Tupper Montney, Canada Volumes Price Commodity Type (MMCF/D) (MCF) Start Date End Date Natural Gas Fixed Price Forward Sales at AECO1 162 C2.39 10/1/2024 12/31/2024 Natural…
2023 Proved Reserves Maintaining Proved Reserves and Reserve Life Total proved reserves 724 MMBOE at YE 2023 vs 697 MMBOE at YE 2022 2023 Proved Reserves By Area Achieved 139% total reserve replacement Added 13 MMBOE of proved…
North America Onshore Well Locations Eagle Ford Shale Operated Well Locations Tupper Montney Well Locations Inter-Well Gross Remaining Inter-Well Gross Remaining Area Net Acres Reservoir Spacing (ft) Locations Area Net Acres Spacing…
Eagle Ford Shale Peer Acreage Acreage as of November 5, 2024 www.murphyoilcorp.com NYSE: MUR 39
Kaybob Duvernay Peer Acreage Murphy Paramount Whitecap Veren Chevron Kiwetinohk PCC Cenovus GMT Hitic Halo Cygnet Duvernay Energy Open Crown Other Leased Battery Facility 6 Miles Acreage as of November 5,…
Gulf of Mexico Murphy Blocks PRODUCING ASSETS Gulf of Mexico Exploration Area Asset Operator Murphy WI1 Ocotillo Cascade Murphy 80% Chinook Murphy 86% Silver Dollar Clipper Murphy 80% Silver Dollar West Dalmatian Murphy 56%…
Exploration Update Sergipe-Alagoas Basin, Brazil Sergipe-Alagoas Basin Asset Overview ExxonMobil 50% (Op), Enauta Energia S.A. 30%, Murphy 20% BRAZIL Hold WI in 9 blocks, spanning 1.6 MM gross acres 2.8 BN BOE discovered in basin…
Exploration Update Potiguar Basin, Brazil Asset Overview Potiguar Basin Murphy 100% (Op) Murphy WI Block Other Block Hold WI in 3 blocks, spanning 775 M Discovered Field gross acres Kilometers Proven oil basin in proximity to…
INVESTOR UPDATE JANUARY 2025 www.murphyoilcorp.com NYSE: MUR 45
Loading...
