Murphy Oil — Aug 5, 2026 release

Hambly, President and Chief Executive Officer. 2 SHAREHOLDER RETURNS During the second quarter of 2026, we paid $50 million in quarterly dividends. While the Company elected not to repurchase shares in the second quarter, it retains significant flexibility with $550 million remaining under its share repurchase authorization. As of June 30, 2026, there were 143.4 million shares outstanding. FINANCIAL POSITION Murphy had approximately $2.48 billion of liquidity on June 30, 2026, comprised of the undrawn $2.00 billion senior unsecured credit facility and approximately $480 million of cash and cash equivalents, inclusive of NCI. As of June 30, 2026, Murphy’s total debt of $1.55 billion was comprised of long-term, fixed-rate notes, with a weighted average maturity of 8.7 years and a weighted average coupon of 6.3 percent. ONSHORE OPERATIONS SUMMARY In the second quarter of 2026, the onshore business produced approximately 103,800 BOEPD, which included 38 percent liquids. Onshore Oil Production (BOPD) Total Production (BOEPD) Eagle Ford Shale 26,900 39,100 Tupper Montney 200 58,100 Kaybob Duvernay 4,700 6,600 Eagle Ford Shale – Brought online six new wells in Catarina, with an additional eight operated Catarina wells and six non-operated Tilden wells coming online subsequent to quarter end. Onshore Canada – Brought online a four-well pad in Kaybob Duvernay and progressed an eight-well pad in Tupper Montney, which came online subsequent to quarter end. OFFS