Quarterly Stockholder Update by Murphy Oil Corporation
Key Highlights
- ➤Q3 production 186,500 BOEPD, exceeding the high end of guidance
- ➤2026 production guidance raised 6,000 BOEPD at midpoint to 176,000-178,000 BOEPD
- ➤Lac Da Trang North-1X encountered 131 feet of net oil pay offshore Vietnam
- ➤Lac Da Vang achieved first oil September 27, on schedule and within budget
- ➤Chinook #8 reached approximately 15 MBOEPD gross peak production
Expert Statements
Eric M. Hambly, President and Chief Executive Officer of Murphy Oil Corporation
“In the third quarter of 2026, Murphy delivered strong results across our portfolio while expanding our long-term resource potential.”
Eric M. Hambly, President and Chief Executive Officer of Murphy Oil Corporation
“Production also exceeded the high end of guidance, reflecting the continued strength of our base business and the consistent execution by our teams.”
Eric M. Hambly, President and Chief Executive Officer of Murphy Oil Corporation
“Ultimately, our goal is to create lasting value for shareholders by investing in the right opportunities.”
This letter serves as a supplement to our earnings release for the third quarter of 2026. Please see the information regarding forward-looking statements and non-GAAP financial information(1) included at the end of this letter. Unless otherwise noted, the financial and operating highlights and metrics discussed in this letter exclude noncontrolling interest (NCI)(2).
In the third quarter of 2026, Murphy delivered strong results across our portfolio while expanding our long-term resource potential. We advanced our appraisal program at Bubale offshore Côte d'Ivoire, made a new oil discovery at Lac Da Trang (White Camel) North in Vietnam, achieved first oil at Lac Da Vang (Golden Camel), and brought the Chinook #8 development well online in the Gulf of America - all in a single quarter. Production also exceeded the high end of guidance, reflecting the continued strength of our base business and the consistent execution by our teams.
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