Murphy Oil Corporation (MUR)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 407,171 | 661,559 | 965,047 | 48,753 | -1,255,290 |
| Total stockholders’ equity | US$ in thousands | 5,194,250 | 5,362,790 | 4,994,800 | 4,320,800 | 4,394,100 |
| ROE | 7.84% | 12.34% | 19.32% | 1.13% | -28.57% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $407,171K ÷ $5,194,250K
= 7.84%
Murphy Oil Corporation's return on equity (ROE) has experienced some fluctuations over the past five years. Starting at -28.57% on December 31, 2020, the ROE improved to 1.13% by the end of 2021. Subsequently, there was a significant increase to 19.32% on December 31, 2022, indicating a substantial improvement in the company's ability to generate profits from shareholders' equity. The ROE then decreased slightly to 12.34% by the end of 2023, followed by a further decline to 7.84% by the end of 2024.
Overall, Murphy Oil Corporation's ROE trend suggests a volatile performance in utilizing shareholders' equity to generate profits. It is essential for the company to focus on sustaining and improving its ROE to ensure long-term profitability and shareholder value.
Peer comparison
Dec 31, 2024