Murphy Oil Corporation (MUR)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	661,600	965,047	-73,664	-1,148,780	1,149,730
Revenue	US$ in thousands	3,460,150	3,932,700	2,299,300	1,967,300	2,829,050
Net profit margin		19.12%	24.54%	-3.20%	-58.39%	40.64%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $661,600K ÷ $3,460,150K
= 19.12%

The net profit margin of Murphy Oil Corp. has displayed significant fluctuations over the past five years. In 2023, the net profit margin stood at 19.18%, showing a decrease from the previous year's figure of 24.75%. However, it is noteworthy that in 2023, the company's profitability improved compared to the negative net profit margin of -3.24% in 2021 and the substantially lower figure of -58.78% in 2020. The notable peak in net profit margin was seen in 2019 at 40.82%, indicating strong profitability during that period. Overall, the trend in Murphy Oil Corp.'s net profit margin suggests a mix of positive and negative performance over the past five years, with varying levels of profitability achieved annually.