Murphy Oil - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Murphy Oil M&A Summary

Murphy Oil has acquired 4 companies, including 1 in the last 5 years. It has also divested 3 assets.

Murphy Oil’s largest acquisition to date was in 2019, when it acquired LLOG Exploration - Deep Water Gulf of Mexico Assets for $1.4B. It’s largest disclosed sale occurred in 2019, when it sold Murphy Oil - Malaysian subsidiaries to PTT Exploration and Production Public for $2.1B. Murphy Oil has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include oil/gas exploration (100%).

Murphy Oil Business Overview

Where is Murphy Oil headquartered?

Murphy Oil is headquartered in Houston, Texas.

What is Murphy Oil’s revenue?

Murphy Oil disclosed revenue of 3,449M USD for 2023 and 4,220M USD for 2022.

How many employees does Murphy Oil have?

Murphy Oil has 725 employees.

What sector is Murphy Oil in?

Murphy Oil is an oil/gas exploration company.

When was Murphy Oil founded?

Murphy Oil was founded in 1950.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity4
    • M&A Sell Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

Murphy Oil

Murphy Oil Corp.

9805 Katy Freeway Suite G-200,
Houston, Texas 77024
United States,
(281) 675-9000
www.murphyoilcorp.com

Murphy Oil is an international oil and gas provider committed to exploration, devoted to an innovative Global Offshore strategy, and steadfast in the efficient growth of our North American Onshore interests. Murphy Oil was founded in 1950 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $1.7B $1.7B
Sell (0.0/yr) # 3 - - - - - 3
vol $2.7B $2.7B
  7

Most Recent M&A

Company Date Value Type
LLOG Exploration LLC - Deep Water Gulf of Mexico Assets 2019-04-23 1.4B USD Divestiture
Covington, Louisiana
Murphy Oil Corp. - Malaysian subsidiaries 2019-03-21 2.1B USD Divestiture
, Malaysia
Murphy Oil - Montney Natural Gas Assets 2016-01-27 538M USD Divestiture
Dawson Creek, British Columbia
Ethanol Plant - Hankinson 2009-10-01 92M USD Add-on Acquisition
Hankinson, North Dakota
Medusa Spar LLC 2002-04-16 - Stake Purchase
Canyon,, Mississippi
Beau Canada Exploration Ltd. 2000-10-01 255M USD Add-on Acquisition
Calgary, Alberta
Deltic Timber Corp. 1996-12-31 - Spin Off
El Dorado, Arkansas · www.deltic.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Murphy Oil Company Ltd.    - Shell Canada Energy Ltd. 2012-11-13 2
Calgary, Alberta Calgary, Alberta

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 4 (100%) 1.7B (100%) 2 (67%) 2.7B (100%)
Forest Products - - 1 (33%) -
Total 4 $1.7B 3 $2.7B

By Geo

State/Country Buy Value Sell Value
United States 3 1.5B 1 -
  North Dakota 1 92M - -
  Mississippi 1 - - -
  Louisiana 1 1.4B - -
  Arkansas - - 1 -
Canada 1 255M 1 538M
  Alberta 1 255M - -
  British Columbia - - 1 538M
Malaysia - - 1 2.1B
Domestic 3 (75%) 1.5B (85%) 1 (33%) -
Cross-border 1 (25%) 255M (15%) 2 (67%) 2.7B (100%)
Total 4 $1.7B 3 $2.7B

Top M&A Advisors

Financial Deals
Tudor, Pickering, Holt & Co., LLC
 1
BofA Securities
 1
Legal Deals
Gibson, Dunn & Crutcher
 1

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 1 $255M
< $100M 1 $92M
TOTAL $1.7B
Largest LLOG Exploration LLC - Deep Water Gulf of Mexico Assets
$1.4B (2019-04-23)
sell # Total
> $1B 1 $2.1B
$100M to $1B 1 $538M
TOTAL $2.7B
Largest Murphy Oil Corp. - Malaysian subsidiaries
$2.1B (2019-03-21)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
1 (25%)
Divested to
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

3,449   19% 2023
4,220   51% 2022
2,801   60% 2021
1,752   38% 2020
2,817   9% 2019
2,587   24% 2018
2,098   16% 2017
1,810   36% 2016
2,787   48% 2015
5,289   1% 2014
5,312   16% 2013
4,608   2012
(millions of USD) Show More Show Less

Employees

725

Established

1950

Public

NYSE: MUR

Former Name

Murphy Corp.

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