TacticScale
Energy · Oil & Gas E&P · MUR

What Murphy Oil Does & How It Makes Money (MUR)

Updated October 2026 · reflects Murphy Oil's latest reported financials

Houston-based oil and gas exploration and production company. Murphy Oil makes money by producing crude oil, natural gas, and natural gas liquids from its fields and selling them.

Murphy Oil's story, moat and numbers — in a 3-minute visual book.

Explore Murphy Oil on TacticScale →

How Murphy Oil makes money

Murphy Oil makes money by producing crude oil, natural gas, and natural gas liquids from its fields and selling them. Its revenue rises and falls with commodity prices and production volumes.

What Murphy Oil does

Murphy Oil Corporation is an independent upstream energy company that explores for and produces crude oil, natural gas, and natural gas liquids. It operates in the United States and Canada as well as internationally, and is headquartered in Houston, Texas. The company was incorporated in 1950 as Murphy Corporation and took the name Murphy Oil Corporation in 1964. As a pure exploration and production business, its results depend mainly on oil and gas prices and on how much it can produce from its properties.

Products & services

What is Murphy Oil worth?

On an owner-earnings DCF, Murphy Oil's most-likely value is about $34 versus a recent price near $39 (11% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$26) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Fairly priced — no edge
Owner-earnings fair value · recent price ≈ $39
Fair value (most likely)
$34
Range
$29–$46
No-growth floor
$26
Price
~$39

Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

Sector Energy Industry Oil & Gas E&P HQ United States Ticker MUR Official site

Related companies

Murphy USA (MUSA) · Northern Oil and Gas (NOG) · EOG Resources (EOG) · Occidental Petroleum (OXY) · ConocoPhillips (COP)

Understand Murphy Oil in 3 minutes →