Murphy Oil Corporation (MUR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,042,030 | 1,586,710 | 281,435 | -1,362,310 | 445,293 |
| Revenue | US$ in thousands | 3,460,150 | 3,932,700 | 2,299,300 | 1,967,300 | 2,829,050 |
| Operating profit margin | 30.12% | 40.35% | 12.24% | -69.25% | 15.74% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,042,030K ÷ $3,460,150K
= 30.12%
The operating profit margin of Murphy Oil Corp. has fluctuated over the past five years. In 2023, the operating profit margin was 31.24%, down from 43.37% in 2022 but higher than the 20.87% reported in 2021. The significant improvement in 2023 compared to the negative operating profit margin of -5.26% in 2020 is noteworthy. Despite the fluctuating trend, overall, the company has demonstrated the ability to generate a decent level of operating profit relative to its revenue in recent years. Further analysis and comparison with industry peers may provide additional insights into the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023