INVESTOR UPDATE MAY 2025 www.murphyoilcorp.com NYSE: MUR 1
Agenda 01 04 Murphy at a Glance Exploration 02 05 Murphy Priorities Looking Ahead 03 06 Murphy 2025 Plan Appendix www.murphyoilcorp.com NYSE: MUR 3
Murphy at a Glance Murphy is an independent exploration and production company, with a diverse portfolio that provides exploration upside Multi-Basin Production 1Q 2025 Production1 Gulf of America Offshore Canada Onshore United States…
Advancing Strategic Priorities in 1Q 2025 Drilled the Achieved 1 million work hours with Maintaining Consistent Longest Laterals Zero Lost Time Injuries1 Operational Excellence in company history in the on the platform construction…
Capital Allocation Plan1 Delivers Shareholder Returns Total Shares Outstanding by Year Since 2013 MM shares 190 180 550 MM 170 Targeting long-term debt of 1.0 BN 160 Minimum of 50% of adjusted FCF Board authorized share 150…
Strong Balance Sheet Underpins Financial Flexibility Financial Highlights Maintaining ample liquidity with senior unsecured credit Conservative facility and cash on hand Financial Policies Targeting long-term debt of 1.0 billion No…
Strategic, Value-Creating Pioneer FPSO Acquisition Gulf of America Walker Ridge Area Transaction Details Purchase price of 104 MM net Compelling 2-year payback, independent of oil price Medusa Powerball Signed 5-year agreement…
MURPHY 2025 PLAN www.murphyoilcorp.com NYSE: MUR 10
2025 Capital and Production Plan Allocating Capital to Develop Assets and Increase Future Resource Potential 2Q 2025 Guidance 177 185 MBOEPD, 48% oil, 53% liquids volumes FY 2025E CAPEX By Area 300 MM accrued CAPEX Maintaining FY 2025…
Eagle Ford Shale Update Enhancing Portfolio Through Capital Efficiency Gains Eagle Ford Shale Acreage 1Q 2025 25 MBOEPD, 67% Oil, 83% Liquids 1 gross non-operated well online in Karnes Drilled the longest Eagle Ford Shale lateral in…
Tupper Montney Update Capital Efficiencies Gained Through Improved Field Development Plan 1Q 2025 340 MMCFD Net, 100% Natural Gas Tupper Montney Acreage 5 operated wells online Drilled the two longest Tupper Montney laterals in company…
Kaybob Duvernay Update Future Oil-Weighted Optionality 1Q 2025 4 MBOEPD, 58% Oil, 71% Liquids Kaybob Duvernay Acreage No new wells online KAYBOB NORTH Progressed 2025 drilling program KAYBOB EAST 2025 Plan 4 operated wells online in…
Offshore Update Executing Highly-Accretive Development Projects Total Offshore 1Q 2025 71 MBOEPD, 83% Oil Operated 2025 Gulf of America Projects Field / Facility Activity Online Gulf of America 1Q 2025 62 MBOEPD, 81% Oil Operated…
Lac Da Vang (Golden Camel) Field Development Project Update Cuu Long Basin, Vietnam Field Overview Cuu Long Basin Murphy 40% (Op), PetroVietnam Exploration Production 35%, Discovery Well LAC DA CAM SU TU VANG COMPLEX SK Earthon 25%…
EXPLORATION www.murphyoilcorp.com NYSE: MUR 18
Exploration Strategy Overview Key Strategies Exploration Core Focus Areas Increasing exposure to international emerging and frontier basins Balancing portfolio between shallow-water and deep-water opportunities Exploiting unique…
Gulf of America Exploration Update Focused on Low-Risk, Infrastructure-Led Exploration 2025 Exploration Plan Gulf of America Exploration Area Prospects located near Murphy-operated Ocotillo 1 Delta House FPS1 Silver Dollar…
Lac Da Hong-1X (Pink Camel) Discovery Cuu Long Basin, Vietnam Cuu Long Basin Lac Da Hong-1X (Pink Camel) Oil Discovery, Block 15-1/05 Discovery Well SU TU VANG LAC DA CAM COMPLEX Murphy WI Block Murphy 40% (Op), PetroVietnam…
Hai Su Vang-1X (Golden Sea Lion) Discovery Update Cuu Long Basin, Vietnam Cuu Long Basin Hai Su Vang-1X (Golden Sea Lion) Oil Discovery, Block 15-2/17 SU TU VANG Discovery Well LAC DA CAM COMPLEX Murphy WI Block Murphy 40% (Op),…
North America Onshore Locations 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 20 years of inventory < 50 /…
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…
Near-Term Strategy Maintaining Modest Production Growth From Current Assets While Testing Material Upside 2025-2026 Asset Plan1 Existing Producing Assets Near-Term Organic Growth Generating Low, Single-Digit Production Growth…
Sets Up For Long-Term Success Multi-Basin Portfolio Provides Long Runway of Opportunities Long-Term Asset Plan Existing Producing Assets Future Organic Growth Prioritizing offshore growth while maintaining onshore investment…
INVESTOR UPDATE MAY 2025 www.murphyoilcorp.com NYSE: MUR 29
2Q 2025 Guidance Oil NGLs Gas Total Producing Asset (BOPD) (BOPD) (MCFD) (BOEPD) US Eagle Ford Shale 25,200 4,700 25,700 34,200 Gulf of America excluding NCI1 51,300 4,300 53,700 64,600 Canada Tupper Montney 300 - 421,000 70,500…
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 40 C2.75 4/1/2025 12/31/2025 Natural Gas…
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…
2024 Proved Reserves Maintaining Proved Reserves and Reserve Life Total proved reserves of 713 MMBOE at YE 2024, 83% total reserve 2024 Proved Reserves By Area replacement Added 12 MMBOE of proved reserves for non-operated St. Malo…
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 May 5, 2025 www.murphyoilcorp.com NYSE: MUR 40
Kaybob Duvernay Peer Acreage Murphy Paramount Whitecap Veren CNRL Kiwetinohk PCC Cenovus GMT Hitic Halo Logan Cygnet Duvernay Energy Open Crown Other Leased Battery Facility 6 Miles Acreage as of May 5,…
Gulf of America Murphy Blocks PRODUCING ASSETS Gulf of America Exploration Area Asset Operator Murphy WI1 Ocotillo 1 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 MAY 2025 www.murphyoilcorp.com NYSE: MUR 46
Loading...
