Murphy Oil — Aug 5, 2026 release

3Q 2026 Guidance Producing Asset Oil (BOPD) NGLs (BOPD) Natural Gas (MCFD) Total (BOEPD) Eagle Ford Shale 28,400 6,400 33,100 40,300 Gulf of America, excl. NCI 38,800 3,300 39,900 48,800 Tupper Montney 100 — 436,000 72,800 Kaybob Duvernay 3,800 600 9,500 6,000 Offshore Canada 6,900 — — 6,900 Other 200 — — 200 Total Net Production, excl. NCI 1 (BOEPD) 171,000 to 179,000 Capital Expenditures, excl. NCI 2 ($ MM) $380 - $460 Exploration Expense 3 ($ MM) $135 Full Year 2026 Guidance Total Net Production, excl. NCI 4 (BOEPD) 167,000 to 175,000 Capital Expenditures, excl. NCI 5 ($ MM) $1,500 to $1,600 Exploration Expense 6 ($ MM) $300 1 Excludes noncontrolling interest of MP GOM of 4,800 BOPD of oil, 200 BOPD of NGLs and 1,800 MCFD natural gas 2 Excludes noncontrolling interest of MP GOM of $20 million 3 Includes assumed dry hole expense of $100 MM in 3Q 2026 4 Excludes noncontrolling interest of MP GOM of 5,500 BOPD of oil, 200 BOPD of NGLs and 1,700 MCFD natural gas 5 Excludes noncontrolling interest of MP GOM of $65 million 6 Includes dry hole expense of $80 MM in 1H 2026, and assumed dry hole expense of $100 MM for 2H 2026 The table below details the 2026 onshore well delivery plan by quarter. 2026 Onshore Wells Online 1Q 2026A 2Q 2026A 3Q 2026E 4Q 2026E 2026E Total Eagle Ford Shale 15 6 8 6 35 Kaybob Duvernay – 4 – – 4 Tupper Montney – – 8 – 8 Non-Op Eagle Ford Shale – – 6 4 10 Note: All well counts are shown gross. Eagle Ford Shale