Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The Company’s revenues and other income for the three-month periods ended March 31, 2025 and 2024 were as follows.

	Three Months Ended March 31,
(Thousands of dollars)	2025		2024
Net crude oil and condensate revenue
United States - Onshore	$	109,458	$	142,543
United States - Offshore 1	352,362		480,439
Canada - Onshore	14,730		13,873
Canada - Offshore	74,469		54,775
Other	—		(98)
Total crude oil and condensate revenue	551,019		691,532
Net natural gas liquids revenue
United States - Onshore	8,487		7,836
United States - Offshore 1	9,249		10,374
Canada - Onshore	1,747		1,437
Total natural gas liquids revenue	19,483		19,647
Net natural gas revenue
United States - Onshore	7,967		4,276
United States - Offshore 1	19,941		12,889
Canada - Onshore	74,320		66,259
Total natural gas revenue	102,228		83,424
Revenue from production	672,730		794,603
Sales of purchased natural gas 2
Canada - Onshore	—		245
Total sales of purchased natural gas	—		245
Total revenue from sales to customers	672,730		794,848
(Loss) on derivative instruments	(9,459)		—
Gain on sale of assets and other operating income	2,440		1,564
Total revenues and other income	$	665,711	$	796,412

1 Includes revenue attributable to noncontrolling interest in MP GOM.

2 Purchases of natural gas are reported on a gross basis when Murphy takes control of the product and has risks and rewards of ownership. Sales of purchased natural gas are reported when the contractual performance obligations are satisfied. This occurs at the time the product is delivered to a third-party purchaser at the contractually determinable price.

Schedule of Current Long-Term Contracts Outstanding

As of March 31, 2025, the Company had the following sales contracts in place which are expected to generate revenue from sales to customers for a period over 12 months starting at the inception of the contract:

Location	Commodity	End Date	Description	Approximate Volumes
U.S.	Natural Gas and NGLs	Q2 2030	Deliveries from dedicated acreage in Eagle Ford Shale	As produced
Canada	Natural Gas	Q4 2025	Contracts to sell natural gas at USD index pricing	25 MMCFD
Canada	Natural Gas	Q4 2026	Contracts to sell natural gas at USD index pricing	49 MMCFD
Canada	Natural Gas	Q4 2027	Contracts to sell natural gas at USD index pricing	30 MMCFD
Canada	Natural Gas	Q4 2028	Contracts to sell natural gas at USD index pricing	10 MMCFD
Canada	Natural Gas	Q4 2025	Contracts to sell natural gas at CAD fixed pricing	40 MMCFD
Canada	Natural Gas	Q4 2026	Contracts to sell natural gas at CAD fixed pricing	50 MMCFD
Canada	NGLs	Q2 2025	Contracts to sell NGLs at CAD index pricing	As produced