Murphy Oil Corporation (MUR)

Operating 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
Operating income (ttm)	US$ in thousands	550,354	751,451	949,934	932,253	1,042,028	1,163,320	1,538,899	1,925,630	1,917,263	1,903,155	1,373,438	831,614	281,435	-184,195	-685,621	-1,069,542	-1,362,309	-1,243,445	-738,926	-193,786
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
Operating profit margin		18.22%	23.53%	27.99%	27.37%	30.20%	32.38%	40.44%	45.97%	45.43%	47.62%	39.05%	27.00%	10.05%	-7.43%	-30.93%	-61.34%	-77.77%	-60.11%	-30.87%	-7.04%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $550,354K ÷ $3,019,984K
= 18.22%

The operating profit margin of Murphy Oil Corporation shows a significant improvement from negative values in 2020 and early 2021 to positive figures from March 2022 onwards. The company experienced a turnaround in performance, with the operating profit margin steadily increasing over the years. The margin improved from 10.05% in December 2021 to a peak of 47.62% in September 2022, demonstrating strong operational efficiency and profitability. However, there was a slight decline in the margin in the following quarters, stabilizing around the range of 20-30% in 2024. Overall, the positive trend in the operating profit margin indicates enhanced profitability and effective cost management by Murphy Oil Corporation during the period under consideration.