Murphy Oil Corporation (MUR)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	1,379,356	1,527,397	1,724,070	1,843,787	1,966,376	1,627,498	1,825,820	2,247,565	2,379,279	2,296,063	1,964,879	1,565,200	1,279,536	937,210	642,094	155,227	-8,005	129,539	324,469	700,584
Revenue (ttm)	US$ in thousands	3,019,984	3,193,222	3,393,819	3,405,662	3,450,782	3,592,703	3,805,347	4,188,737	4,220,143	3,996,334	3,517,473	3,080,062	2,801,215	2,478,987	2,216,762	1,743,678	1,751,709	2,068,611	2,393,624	2,753,993
Gross profit margin		45.67%	47.83%	50.80%	54.14%	56.98%	45.30%	47.98%	53.66%	56.38%	57.45%	55.86%	50.82%	45.68%	37.81%	28.97%	8.90%	-0.46%	6.26%	13.56%	25.44%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,379,356K ÷ $3,019,984K
= 45.67%

Murphy Oil Corporation's gross profit margin has shown fluctuations over the periods provided. Starting at 25.44% in March 2020, the margin declined to -0.46% by December 2020, indicating a period of negative gross profit. However, the subsequent quarters saw a gradual recovery, with the margin improving to 55.86% by June 2022. The highest gross profit margin was recorded at 57.45% in September 2022, indicating strong cost management and revenue generation efficiencies.

Thereafter, there were some fluctuations in the gross profit margin, with a noticeable drop to 45.30% in September 2023. However, by December 2023, the margin had recovered to 56.98%. In the last reported period of December 2024, the gross profit margin stood at 45.67%. Overall, the trend shows varying levels of profitability for Murphy Oil Corporation, reflecting changes in revenues and cost structures over the quarters analyzed.