Murphy Oil Corporation (MUR)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	661,600	744,600	1,017,600	1,269,857	964,921	933,921	514,021	100,364	-73,700	-414,000	-765,900	-1,020,000	-1,148,700	-1,048,500	284,000	693,500	1,149,800	1,324,900	329,800	283,000
Revenue (ttm)	US$ in thousands	3,460,196	3,591,249	3,935,004	4,221,516	3,932,761	3,696,433	3,023,733	2,472,233	2,299,257	1,890,485	1,681,685	1,343,585	1,967,330	2,274,583	2,669,783	3,202,233	2,829,049	2,695,197	2,368,608	2,014,238
Net profit margin		19.12%	20.73%	25.86%	30.08%	24.54%	25.27%	17.00%	4.06%	-3.21%	-21.90%	-45.54%	-75.92%	-58.39%	-46.10%	10.64%	21.66%	40.64%	49.16%	13.92%	14.05%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $661,600K ÷ $3,460,196K
= 19.12%

The net profit margin of Murphy Oil Corp. has shown some variability over the past eight quarters. In Q1 2023, the net profit margin was relatively high at 30.32%, indicating that the company was efficient in translating revenue into profit during that period. However, the net profit margin declined in subsequent quarters, reaching its lowest point of 4.10% in Q1 2022. This suggests that the company's profitability was significantly impacted during that quarter.

Overall, the net profit margin of Murphy Oil Corp. has fluctuated within a range of 4.10% to 30.32% over the analyzed period. It is important for investors and stakeholders to further investigate the factors contributing to these fluctuations in order to assess the company's financial performance and sustainability.