Murphy Oil — Nov 5, 2025 release

Onshore Oil Production (BOPD) Total Production (BOEPD) New Wells Online (Operated) Eagle Ford Shale 35,000 49,000 10 Tupper Montney 200 78,000 — Kaybob Duvernay 3,000 5,000 4 OFFSHORE OPERATIONS SUMMARY Excluding NCI, in the third quarter of 2025, the offshore business produced approximately 68 MBOEPD, which included 88 percent liquids. Offshore Oil production (BOPD) Total Production (BOEPD) Gulf of America 50,000 62,000 Canada 6,000 6,000 Gulf of America – Murphy completed the Khaleesi #2 and Marmalard #3 workovers and returned the wells to production in the third quarter, concluding the planned workover program. During the quarter, Murphy recorded a pretax impairment totaling $115 million ($92 million excluding NCI) on the operated Dalmatian asset due to reserve reductions in the quarter, as certain future projects in the field were less competitive for capital allocation. Vietnam – Subsequent to the third quarter, Murphy installed the platform jacket and initiated development drilling at the Lac Da Vang (Golden Camel) development project. The project remains on schedule for first oil in the fourth quarter of 2026. 3 2025 PRODUCTION AND CAPITAL EXPENDITURE GUIDANCE The table below illustrates fourth quarter 2025 production guidance by area. 4Q 2025 Guidance Producing Asset Oil (BOPD) NGLs (BOPD) Natural Gas (MCFD) Total (BOEPD) Eagle Ford Shale 25,000 6,100 31,200 36,300 Gulf of America, excl. NCI 50,000 4,000 49,500 62,300 Tupper Montney 200 — 403,700 67,500 Kaybob Duvernay 3,600 500 8,300 5,500 Offshore Canada 8,200 — — 8,200 Other 200 — — 200 Total Net Production, excl. NCI 1 (BOEPD) 1