Murphy Oil Corporation (MUR)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 11,583 | 1,042,030 | 1,586,710 | 1,020,880 | -293,137 |
| Revenue | US$ in thousands | 3,028,470 | 3,448,850 | 4,220,140 | 2,801,220 | 1,751,710 |
| Operating profit margin | 0.38% | 30.21% | 37.60% | 36.44% | -16.73% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $11,583K ÷ $3,028,470K
= 0.38%
Murphy Oil Corporation's operating profit margin has shown significant fluctuations over the period from December 31, 2020, to December 31, 2024. In 2020, the company reported a negative operating profit margin of -16.73%, indicating that its operating expenses exceeded its operating income. However, in the subsequent years, there was a notable improvement in the company's performance, with operating profit margins increasing to 36.44% in 2021, 37.60% in 2022, and 30.21% in 2023.
It is important to note the substantial drop in the operating profit margin to 0.38% in 2024. This significant decrease suggests that Murphy Oil Corporation's profitability may have been impacted by various factors such as changes in commodity prices, operating costs, or other external economic conditions.
Overall, while the operating profit margin has shown volatility, the company has demonstrated the ability to achieve high levels of profitability in some years, albeit with some challenges in maintaining consistency. Analyzing the reasons behind the fluctuations in the operating profit margin will be crucial for stakeholders to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024