# Murphy Oil Corporation

> Murphy Oil Corporation is a Houston-based independent oil and natural gas producer selling crude oil, natural gas and natural gas liquids to commercial buyers. Its North American production base supports international exploration and offshore development, including a new producing hub in Vietnam.

- **Founded:** 1950
- **Headquarters:** Houston, United States
- **Founders:** Charles Haywood Murphy Sr. (Founder of the predecessor family business), Charles Haywood Murphy Jr. (Led the family business and the 1950 incorporated company)
- **Products:** Crude oil and condensate, Natural gas and natural gas liquids, Lac Da Vang development
- **Notable:** Lac Da Vang reached first oil on September 27, 2026., 2025 lease operating expense per BOE fell 20% year over year to $10.89., 2025 shareholder distributions totaled $286 million through dividends and repurchases.

## Products & services

- **Crude oil and condensate** — Commercial hydrocarbon production from onshore and offshore assets.
- **Natural gas and natural gas liquids** — Production and sales from North American operations including Tupper Montney, Eagle Ford and Kaybob Duvernay.
- **Lac Da Vang development** — Operated offshore Vietnam project with 40% working interest; first oil September 27, 2026.

## Achievements

- Lac Da Vang reached first oil on September 27, 2026.
- 2025 lease operating expense per BOE fell 20% year over year to $10.89.
- 2025 shareholder distributions totaled $286 million through dividends and repurchases.
- PTSC M&C reported nearly 4.5 million project work hours without a lost-time injury at the July 2026 loadout milestone.

## Latest updates

- **2026-10** — Reported first oil at Lac Da Vang, successful Bubale West-1X appraisal, Lac Da Trang North-1X discovery and Chinook #8 production.
- **2026-08** — Reported Q2 production of about 169,000 BOE/day excluding NCI, Hai Su Vang-4X dry hole and a revised 2026 capital midpoint of $1.55 billion.
- **2026-07** — PTSC M&C announced loadout of the Lac Da Vang-A topside and compressor module.
- **2026-01** — Reported 2025 results, new Morocco exploration agreement and $500 million notes issuance.

## Links

- Website: https://www.murphyoilcorp.com/
- LinkedIn: https://www.linkedin.com/company/murphy-oil
- Twitter/X: https://twitter.com/murphyoilcorp
- Facebook: https://facebook.com/people/Murphy-Oil-Corporation/100079464607710/

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Profile page: https://yespress.io/murphy-oil-corporation
Published by YesPress — https://yespress.io
Last updated: 2026-10-23