墨菲石油 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MarkOne)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromtoCommission file number 1-8590 MURPHY OIL CORPORATION (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: 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 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for thepast 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 an emerginggrowth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 ofthe Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).☐Yes☒No MURPHY OIL CORPORATIONTABLE OF CONTENTS MURPHY OIL CORPORATION AND CONSOLIDATED SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED) MURPHY OIL CORPORATION AND CONSOLIDATED SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(UNAUDITED) The accompanying notes are an integral part of these consolidated financial statements. MURPHY OIL CORPORATION AND CONSOLIDATED SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) MURPHY OIL CORPORATION AND CONSOLIDATED SUBSIDIARIESCONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(UNAUDITED) NOTES TO CONSOLIDATED FINANCIAL STATEMENTS These notes are an integral part of the financial statements of Murphy Oil Corporation and Consolidated Subsidiaries (theCompany 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 adjustments necessaryto present fairly the Company’s financial position as at March31, 2026 and December31, 2025, and the results of operations,cash flows and changes in stockholders’ equity for the interim periods ended March31, 2026 and 2025, in conformity with U.S.generally accepted accounting principles (GAAP).In preparing the financial statements of the Company in conformity with GAAP,management has made a number of estimates and assumptions that affect the reporting of assets, liabilities, revenues, andexpenses 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 report should be readin conjunction with the Company’s 2025 Form 10-K report, as certain notes and other pertinent information have been abbreviatedor omitted in this report.Financial results for the three-month period ended March31, 2026 are not necessarily indicative of futureresults. Note B – New Accounting Principles and Recent Accounting Pronouncements Accounting Principles Adopted Income Tax Disclosures. In December 2023, the Financial Accounting Standards Board (FASB) issuedAccounting StandardsUpdate (ASU)2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures.The update requires financialstatements to include consistent categories and greater disaggregation of information in the rate reconciliation, as well as incometaxes paid disaggregated by jurisdiction. The Company adopted this standard in the fourth quarter of 2025. Interim perioddisclosures are largely unaffected by this update. The adoption did not affect the calculation of income tax expense. 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 interim reportingperiods beginning after December 15, 2027. The standard requires specified information about certain costs and expensespresented on the face of the income statement to be further disaggregated in the notes to the financial statements. In addition, thestandard requires certain expense and cost information that is not separately disaggregated to be qualitatively described. We arecurrently evaluating our expense categories and underlying cost components to identify the quantitative and qualitativedisclosures that will be required upon adoption. We expect this ASU to only impact our disclosures with no impacts on our resultsof operations, cas