Murphy Oil — Aug 6, 2025 release

1 Highlights for the second quarter include: • Delivered sequential increase in production to 190,000 BOEPD and 90,000 BOPD; production outperformed high-end of guidance on strong new well productivity • Returned $46 million to shareholders through quarterly dividend • Reaffirmed full year CAPEX guidance at the midpoint of the range; full year total company production now trending at the midpoint of the range Subsequent to the second quarter: • Declared quarterly dividend of $0.325 per share or $1.30 per share annualized • Closed Eagle Ford Shale acquisition for $23 million on July 1st • Signed rig contract for Côte d’Ivoire three-well exploration program • Published the 2025 Sustainability Report “I am very pleased with our solid operational results in the second quarter which were achieved through strong new onshore well performance, continued Gulf of America workover progress, and field development execution at Lac Da Vang (Golden Camel). It’s an exciting time at Murphy as we look ahead to significant exploration and appraisal catalysts in the second half of the year,” said Eric M. Hambly, President and Chief Executive Officer. “In addition, this quarter we have introduced a Quarterly Stockholder Update which provides deeper insights and leadership perspectives on our business.” RETURN OF CAPITAL In the second quarter of 2025, return of capital totaled $46 million through the quarterly dividend. 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. The company had $550 million