Murphy Oil Corp

RETURN OF CAPITAL In the second quarter of 2025, return of capital totaled $46 million through the quarterly dividend.

SEC original ↗Murphy Oil Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Through the first half of 2025, Murphy has returned $193 million to shareholders, which includes $100 million of share repurchases and $93 million in dividends.

SEC original ↗Murphy Oil Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The company had $550 million remaining under its share repurchase authorization and 142.7 million shares outstanding as of June 30, 2025.

SEC original ↗Murphy Oil Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

FINANCIAL POSITION Murphy had approximately $1.5 billion of liquidity on June 30, 2025, comprised of $1.15 billion undrawn under the $1.35 billion senior unsecured credit facility and $380 million of cash and cash equivalents, inclusive of NCI.

SEC original ↗Murphy Oil Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

As of June 30, 2025, Murphy s total debt of $1.48 billion was comprised of long-term, fixed-rate notes and $200 million drawn under the senior unsecured credit facility.

SEC original ↗Murphy Oil Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

3 2025 CAPITAL EXPENDITURE AND PRODUCTION GUIDANCE The table below illustrates third quarter 2025 production guidance by area.

SEC original ↗Murphy Oil Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The company has more than a century-long history of demonstrating strong execution and innovative, full-cycle development capabilities with a focus on value creation that drives shareholder returns.

SEC original ↗Murphy Oil Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Forward-looking statements are generally identified through the inclusion of words such as aim , anticipate , believe , drive , estimate , expect , expressed confidence , forecast , future , goal , guidance , intend , may , objective , outlook , plan , position , potential , project , seek , should , strategy , target , will or variations of such words and other similar expressions.

SEC original ↗Murphy Oil Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Our completions team continues to refine completion designs by optimizing fluid and proppant intensities and leveraging automated physics-based models to enhance flowback strategies, which have led to improved initial well performance.

SEC original ↗Murphy Oil Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Our gassy onshore Canada business saw realized natural gas prices average $1.65 per MCF, which was $0.44 per MCF higher than the AECO benchmark due to our diversification and fixed forward selling strategies.

SEC original ↗Murphy Oil Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The Company does not employ sales incentive strategies such as commissions or bonuses for obtaining sales contracts.

SEC original ↗Murphy Oil Corp — 10-Q Quarterly report10-QAug 5, 2026

These statements, which express management s current views concerning future events, results and plans, are subject to inherent risks, 5 uncertainties and assumptions (many of which are beyond our control) and are not guarantees of performance.

SEC original ↗Murphy Oil Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

These statements, which express management s current views concerning future events, results and plans, are subject to inherent risks, uncertainties and assumptions (many of which are beyond our control) and are not guarantees of performance.

SEC original ↗Murphy Oil Corp — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Legal Proceedings 46 Item 1A.

SEC original ↗Murphy Oil Corp — 10-Q Quarterly report10-QAug 5, 2026

Pursuant to SEC amendments to this 18 Table of Contents NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) Note N Environmental and Other Contingencies (Continued) item, the Company will be using a threshold of $ 1.0 million for such proceedings and the Company is not aware of environmental legal proceedings likely to exceed this $ 1.0 million threshold.

SEC original ↗Murphy Oil Corp — 10-Q Quarterly report10-QAug 5, 2026