Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The Company’s revenues and other income for the three-month and nine-month periods ended September 30, 2025 and 2024 were as follows.

	Three Months Ended September 30,				Nine Months Ended September 30,
(Thousands of dollars)	2025		2024		2025		2024
Net crude oil and condensate revenue
United States - Onshore	$	209,051	$	161,965	$	484,610	$	450,463
United States - Offshore 1	356,903		399,940		1,052,345		1,382,071
Canada - Onshore	18,115		20,852		45,428		54,305
Canada - Offshore	35,211		80,226		155,421		178,327
Other	88		(795)		3,036		3,414
Total crude oil and condensate revenue	619,368		662,188		1,740,840		2,068,580
Net natural gas liquids revenue
United States - Onshore	13,736		8,134		32,117		23,281
United States - Offshore 1	8,353		9,812		25,913		29,523
Canada - Onshore	1,094		2,402		4,363		5,434
Total natural gas liquids revenue	23,183		20,348		62,393		58,238
Net natural gas revenue
United States - Onshore	9,571		4,265		25,637		11,893
United States - Offshore 1	15,741		12,311		52,408		35,700
Canada - Onshore	53,103		54,057		195,483		170,871
Total natural gas revenue	78,415		70,633		273,528		218,464
Revenue from production	720,966		753,169		2,076,761		2,345,282
Sales of purchased natural gas 2
Canada - Onshore	—		—		—		3,742
Total sales of purchased natural gas	—		—		—		3,742
Total revenue from sales to customers	720,966		753,169		2,076,761		2,349,024
Gain (loss) on derivative instruments	5,722		(1,344)		7,071		(1,344)
Gain on sale of assets and other operating income	6,297		6,506		10,434		9,834
Total revenues and other income	$	732,985	$	758,331	$	2,094,266	$	2,357,514

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 September 30, 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	Q4 2026	Contracts to sell NGLs at CAD index pricing	As produced