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Murphy Oil vs Viper Energy: MUR and VNOM compared
Murphy Oil is the larger company: $855M of revenue in its latest quarter (Q3 2026) against $661M for Viper Energy (Q3 2026). Viper Energy is growing faster (+58% against +17% a year earlier). Viper Energy is more profitable, with an operating margin of 60.4% against 30.0%.
Where the money goes: MUR and VNOM
Murphy Oil (MUR) · Q3 2026
Murphy Oil, Q3 2026: revenue $855M (+17% year over year), operating margin 30.0%, net earnings $171M, operating cash flow $541M. The chart follows the revenue to costs, profit and cash.
Viper Energy (VNOM) · Q3 2026
Viper Energy, Q3 2026: revenue $661M (+58% year over year), operating margin 60.4%, net earnings $140M, operating cash flow $447M. The chart follows the revenue to costs, profit and cash.
| Murphy Oil (MUR) | Viper Energy (VNOM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $855M | $661M |
| Revenue growth, Y/Y | +17% | +58% |
| Operating margin | 30.0% | 60.4% |
| Net earnings | $171M | $140M |
| Net margin | 20.0% | 21.2% |
| Operating cash flow | $541M | $447M |
| Free cash flow | $535M | — |
| Market value | $5.3B | $7.9B |
| P/E | 11.2× | 36.3× |
| Analysts’ mean target | $42.47 | $55.63 |
Where the revenue comes from
Murphy Oil
- Net crude oil and condensate revenue: $731M (86%)
- Net natural gas revenue: $92.3M (11%)
- Net natural gas liquids revenue: $25.9M (3%)
- Other revenues: $5.8M (1%)
Viper Energy
- Oil income: $557M (84%)
- Natural gas liquids income: $80.0M (12%)
- Natural gas income: $19.0M (3%)
- Other revenues: $5.0M (1%)
Questions
Which is bigger, Murphy Oil or Viper Energy?
Murphy Oil is the larger company: $855M of revenue in its latest quarter (Q3 2026) against $661M for Viper Energy (Q3 2026).
Is Murphy Oil or Viper Energy growing faster?
Viper Energy is growing faster (+58% against +17% a year earlier).
Which is more profitable, Murphy Oil or Viper Energy?
Viper Energy is more profitable, with an operating margin of 60.4% against 30.0%.
More: Murphy Oil earnings · how Murphy Oil makes money · Viper Energy earnings · how Viper Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.