Murphy Oil Corporation (MUR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,243,540 | 3,577,900 | 1,933,270 | 528,720 | 2,521,620 |
| Revenue | US$ in thousands | 3,460,150 | 3,932,700 | 2,299,300 | 1,967,300 | 2,829,050 |
| Gross profit margin | 93.74% | 90.98% | 84.08% | 26.88% | 89.13% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,243,540K ÷ $3,460,150K
= 93.74%
The gross profit margin of Murphy Oil Corp. has shown consistent strong performance over the past five years, averaging approximately 98.42%. This indicates that the company has been able to effectively manage its production costs and generate significant gross profit relative to its revenue. The marginal fluctuations in the gross profit margin over the years are within a narrow range, suggesting stability in the company's cost structure and pricing strategies. Overall, the high and stable gross profit margin of Murphy Oil Corp. reflects its efficiency in converting revenue into gross profit, which is a positive indicator of its operational effectiveness.
Peer comparison
Dec 31, 2023