墨菲石油 2025年季度报告

MURPHY OIL CORPORATION (Exact name of registrant as specified in its charter) 71-0361522(I.R.S. Employer Identification Number)77024(Zip Code) (281)675-9000 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or anemerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. MURPHY OIL CORPORATION Table of Contents Table of Contents Table of Contents NOTES TO CONSOLIDATED FINANCIAL STATEMENTS These notes are an integral part of the financial statements of Murphy Oil Corporation and Consolidated Subsidiaries(the Company or Murphy) on pages2through6of this Form 10-Q report. Note A – Basis of Presentation The unaudited financial statements presented herein, in the opinion of Murphy’s management, include all adjustmentsnecessary to present fairly the Company’s financial position as at March31, 2025 and December31, 2024, and theresults of operations, cash flows and changes in stockholders’ equity for the interim periods ended March31, 2025 and2024, in conformity with U.S. generally accepted accounting principles (GAAP).In preparing the financial statements ofthe Company in conformity with GAAP, management has made a number of estimates and assumptions that affect thereporting of assets, liabilities, revenues, and expenses and the disclosure of contingent assets and liabilities.Actual results may differ from the estimates.Consolidated financial statements and notes to consolidated financial statements included in this Form 10-Q reportshould be read in conjunction with the Company’s 2024 Form 10-K report, as certain notes and other pertinentinformation have been abbreviated or omitted in this report.Financial results for the three-month period ended Note B – New Accounting Principles and Recent Accounting Pronouncements Accounting Principles Adopted Reportable Segment Disclosures.In November 2023, the Financial Accounting Standards Board (FASB) issuedAccounting Standards Update (ASU) 2023-07 Segment Reporting (Topic 280): Improvements to Reportable SegmentDisclosures. The standard requires additional disclosures about operating segments, including segment expenseinformation provided to the chief operating decision maker, and extends certain disclosure requirements to interim Recent Accounting Pronouncements Expense Disaggregation Disclosures.In November 2024, the FASB issuedASU 2024-03 Income Statement—ReportingComprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income StatementExpenses.The standard becomes effective for annual reporting periods beginning after December 15, 2026, and interimreporting periods beginning after December 15, 2027. The standard requires specified information about certain costs Income Tax Disclosures. In December 2023, the FASB issuedASU2023-09 Income Taxes (Topic 740): Improvements toIncome Tax Disclosures.The standard becomes effective for annual periods beginning after December 15, 2024. Theupdate requires financial statements to include consistent categories and greater disaggregation of information in the Table of Contents Note C – Revenue from Contracts with Customers Nature of Goods and Services The Company explores for and produces crude oil, natural gas and natural gas liquids (collectively referred to as oil andnatural gas) in select basins around the world. The Company’s revenue from sales of oil and natural gas production For operated oil and natural gas production where a non-operated working interest owner does not take in kind itsproportionate interest in the produced commodity, the Company acts as an agent for the working interest owner and U.S. -In the U.S., the Company primarily produces oil and natural gas from fields in the Eagle Ford Shale area of SouthTexas and in the Gulf of America.Revenue is generally recognized when oil and natural gas is transferred to the Canada -In Canada, contracts include long-term floating commodity index priced and natural gas physical forward salesfixed price contracts. For the offshore business in Canada, contracts are based on index prices and revenue is recognized The Company reviews performance based ontwokey geographical segments and between onshore and offshoresources of revenue within these geographies. Table of Contents NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)Note C - Revenue from Contracts with Customers (Continued) The Company’s revenues and other income for the three-month perio