Murphy Oil Corporation (MUR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,028,470 | 2,621,530 | 2,379,280 | 1,279,540 | -8,005 |
| Revenue | US$ in thousands | 3,028,470 | 3,448,850 | 4,220,140 | 2,801,220 | 1,751,710 |
| Gross profit margin | 100.00% | 76.01% | 56.38% | 45.68% | -0.46% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,028,470K ÷ $3,028,470K
= 100.00%
The gross profit margin of Murphy Oil Corporation has displayed considerable variability over the years, reflecting fluctuations in the company's revenue and cost of goods sold. The margin was negative (-0.46%) at the end of December 31, 2020, indicating that the company's cost of goods sold exceeded its revenue. However, there has been a notable improvement in subsequent years, with the margin increasing to 45.68% by December 31, 2021, and further rising to 56.38% by December 31, 2022. This upward trend continued, reaching 76.01% by December 31, 2023, suggesting that the company effectively managed its production costs and enhanced its pricing strategies.
The most recent data point of 100.00% as of December 31, 2024, indicates that Murphy Oil Corporation achieved a gross profit margin equivalent to its total revenue, signaling that the company generated substantial gross profit relative to its cost of goods sold. This significant improvement in the gross profit margin reflects positive operational efficiency and strategic decision-making within the company, potentially enhancing its overall profitability and financial performance.
Peer comparison
Dec 31, 2024