Filing Flows › Murphy Oil (MUR) › How it makes money
How Murphy Oil (MUR) makes money
Murphy Oil (MUR) made $855M of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Net crude oil and condensate revenue brought in $731M (86%); Net natural gas revenue brought in $92.3M (11%); Net natural gas liquids revenue brought in $25.9M (3%). Of every dollar of revenue, 30¢ was left as operating profit, 20¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Net crude oil and condensate revenue | $731M | 85.5% | -12% | +18% |
| Net natural gas revenue | $92.3M | 10.8% | +31% | +18% |
| Net natural gas liquids revenue | $25.9M | 3.0% | +8% | +12% |
| Other revenues | $5.8M | 0.7% | +194% | -52% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $855M | 100.0% |
| Operating profit | $256M | 30.0% |
| Income tax | $39.4M | 4.6% |
| Net earnings | $171M | 20.0% |
| Operating cash flow | $541M | 63.2% |
| Free cash flow | $535M | 62.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $855M | +17% |
| Q2 2026 | $928M | +34% |
| Q1 2026 | $734M | +10% |
| Q4 2025 | $625M | -7% |
| Q3 2025 | $733M | -3% |
| Q2 2025 | $696M | -13% |
| Q1 2025 | $666M | -16% |
From Murphy Oil's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Murphy Oil make money?
Murphy Oil (MUR) made $855M of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Net crude oil and condensate revenue brought in $731M (86%); Net natural gas revenue brought in $92.3M (11%); Net natural gas liquids revenue brought in $25.9M (3%). Of every dollar of revenue, 30¢ was left as operating profit, 20¢ was left as net earnings.
What is Murphy Oil's biggest business?
Net crude oil and condensate revenue: $731M in the third quarter 2026, 86% of revenue, +18% from a year earlier.
What is Murphy Oil's profit margin?
Net earnings were $171M, 20.0% of revenue, in the third quarter 2026; the operating margin was 30.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.