Murphy Oil — Jan 6, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000950103-26-000187
Showing in the filing
2025E CAPEX By Area
“$ 1,210 Million”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 15
Board authorized share repurchase program
“$550 MM”
2025E CAPEX By Area for FY2025
“$ 1,210 Million”
4Q 2025 Production for Q4 FY2025
“176 – 184 MBOEPD”
4Q 2025 Oil/Liquids Mix for Q4 FY2025
“48% oil, 54% liquids volumes”
Oil % for FY2025
“48%”
Liquids Volumes % for FY2025
“54%”
4Q 2025 Accrued CAPEX for Q4 FY2025
“$392 MM”
Production for FY2025
“174.5 – 182.5 MBOEPD”
Total Net Production for FY2025
“174.5 – 182.5 MBOEPD”
Oil/Liquids Mix for FY2025
“48% oil, 55% liquids volumes”
Accrued CAPEX for FY2025
“$1,135 - $1,285 MM”
Accrued CAPEX for FY2025
“$1,135 - $1,285 MM”
Lac Da Vang (Golden Camel) first oil target for FY2026
“Targeting first oil in 4Q 2026”
Lac Da Vang (Golden Camel) development durat… for FY2029
“Development through 2029”
Lac Da Vang (Golden Camel) net peak production
“Estimated 10 – 15 MBOEPD net peak production”
Exhibit 99.1 · the passage around this item
… earlier in the release
$1.9 billion undrawn on the credit facility and ~$350 million cash inclusive of NCI 2 See Appendix for reconciliation of non - GAAP measures and slide notes providing definitions and other information 3 As of September 30, 2025 Revolving Credit Facility (RCF) Maturity Profile 1 $ MM Liquidity of ~$2.3 billion 1 Maintaining low leverage of 1.0x 2,3 Free Cash Flow of $192 MM YTD 3Q 2025 2 Returned $240 MM to shareholders YTD 3Q 2025 $550 MM Board authorized share repurchase program 2,3 Minimum of 50% of adjusted FCF 2 allocated to shareholder returns and up to 50% to the balance sheet $0 $400 $800 $1,200 $1,600 $2,000 $2,400 2026 2027 2028 2029 2030 2031 Extend & Upsize $2.0 BN $1.35 BN RCF extended and increased from $1.35 BN to $2.0 BN on Jan 2, 2026
5 5 Murphy January 2026 Investor Presentation 2025 CAPITAL AND PRODUCTION PLAN Accrual CAPEX, based on midpoint of guidance range and excluding noncontrolling interest 36% 30% 12% 12% 9% 2% $ 1,210 Million FY 2025E CAPEX By Area FY 2025 Onshore Wells Online 0 10 20 30 40 1Q 2025A 2Q 2025A 3Q 2025A 4Q 2025E Eagle Ford Shale Kaybob Duvernay Tupper Montney Eagle Ford Shale (Non-Op) Note: Non - op well cadence subject to change . Eagle Ford Shale non - operated wells 25% average working interest 1 Includes $104 MM Pioneer FPSO and $1.4 MM for non - op working interests in the Gulf of America; excludes $23 MM Eagle Ford Shale acquisition 4Q 2025 Guidance FY 2025 Guidance 176 – 184 MBOEPD 48% oil, 54% liquids volumes $392 MM Accrued CAPEX 174.5 – 182.5 MBOEPD 48% oil, 55% liquids volumes $1,135 - $1,285 MM Accrued CAPEX 1 Offshore US Onshore Canada Onshore Exploration Corporate Acquisitions FY Production Tracking Towards High End of Guidance Range
6 6 Murphy January 2026 Investor Presentation OPERATIONS AND EXPLORATION UPDATE
7 7 Murphy January 2026 Investor Presentation 3Q OPERATIONS HIGHLIGHTS 68 MBOEPD TOTAL OFFSHORE PRODUCTION 82% OIL 6% NGL 12% GAS 132 MBOEPD TOTAL ONSHORE PRODUCTION 29% OIL 6% NGL 65% GAS at key operated facilities (King’s Quay, Delta House, and Pioneer) 9 9%+ UPTIME From our Eagle Ford Shale, Tupper Montney, and Kaybob Duvernay a
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.