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 assets From our Gulf of America and offshore Canada assets in completion cost per lateral foot in YTD 2025 compared to 2024 9 % REDUCTION of full plant capacity achieved at Tupper West 5 MONTHS PERFORMANCE Three wells online in 3Q were all - time top wells drilled in Dimmit County history 1 RECORD realized natural gas price compared to AECO given sales diversification and fixed price sales 3Q oil production above guidance normalized for no storm downtime 56 MBOPD Advanced high - impact development well expected online in 2H 2026 CHINOOK completed with Khaleesi #2 and Marmalard #3 online 2025 WORKOVERS Eagle Ford Shale Onshore Canada Onshore Offshore Note: Production volumes exclude noncontrolling interest 1 Comparing three - month cumulative oil per 1,000 feet 94 % HIGHER #8 WELL 8 8 Murphy January 2026 Investor Presentation VIETNAM FIELD DEVELOPMENT PROJECT ON TRACK Lac Da Vang (Golden Camel) Development 1 Murphy 40% (Op), PetroVietnam Exploration Production 35%, SK Earthon 25% 2 Floating storage and offloading vessel Project Updates • Installed LDV - A platform jacket in 4Q 2025 • Spud first development well in 4Q 2025 • Targeting first oil in 4Q 2026 • Development through 2029 Field Overview 1 • 100 MMBOE estimated gross recoverable resource • Estimated 10 – 15 MBOEPD net peak production Timing 2025 Key Milestones 1Q 2025 Initiate FSO 2 construction 3Q 2025 Complete Pipe Laying Campaign 4Q 2025 Install LDV - A platform jacket 4Q 2025 Begin development drilling Lac Da Vang (Golden Camel) – Rig Mobilization 9 9 Murphy January 2026 Investor Presentation Proven Offshore Expertise Data - driven portfolio with diverse shallow and deepwater capital - efficient projects Aligns with Global Energy Needs Sustained investment in conventional oil to meet long - term energy demand Sustainable, Organic Growth Strategy balances existing producing assets with high - impact exploration prospects EXPLORING BEYOND SHALE 9 Murphy January 2026 Investor Presentation Leveraging unique offshore capabilities to drive shareholder value Gulf of America Côte d’lvoire Vietnam Exploration Core Focus Areas 10 10 Murphy January 2026 Investor Presentation EXECUTING EXPLORATION PROGRAM AS PLANNED 1 Mean to upward gross resource potential See Appendix for additional information on exploration wells Vietnam Sharpening resource estimate range for Hai Su V

later in the release …

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.