Murphy Oil Corporation (MUR)
Return on equity (ROE)
| 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 |
| Total stockholders’ equity | US$ in thousands | 5,362,790 | 5,340,030 | 5,234,310 | 5,137,560 | 4,994,770 | 4,708,940 | 4,312,800 | 4,032,840 | 4,157,310 | 3,949,510 | 3,880,600 | 3,935,190 | 4,214,340 | 4,343,440 | 4,568,540 | 4,886,150 | 5,467,460 | 5,676,650 | 4,740,010 | 4,948,780 |
| ROE | 12.34% | 13.94% | 19.44% | 24.72% | 19.32% | 19.83% | 11.92% | 2.49% | -1.77% | -10.48% | -19.74% | -25.92% | -27.26% | -24.14% | 6.22% | 14.19% | 21.03% | 23.34% | 6.96% | 5.72% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $661,600K ÷ $5,362,790K
= 12.34%
To analyze Murphy Oil Corp.'s return on equity (ROE) performance over the last eight quarters, we observe a fluctuating trend. ROE is a measure of a company's profitability that indicates how efficiently it generates profits from its shareholder's equity.
In Q1 2022, the ROE stood at 2.49%, indicating a relatively low profitability level. However, from Q2 2022 to Q4 2022, there was a notable improvement in ROE, reaching as high as 19.84% in Q3 2022. This upward trajectory suggests the company was becoming more efficient in generating returns for shareholders during this period.
In Q1 2023, there was a substantial increase in ROE to 24.72%, reflecting a significant surge in profitability. This could be a result of various factors such as increased revenue, cost-cutting measures, or more efficient asset utilization.
Subsequently, in Q2 and Q3 2023, the ROE figures remained relatively strong at 19.44% and 13.95%, respectively, indicating a continuation of the company's profitability trend. However, in Q4 2023, there was a slight dip in ROE to 12.34%, which may warrant further investigation into the company's operations and financial performance.
Overall, Murphy Oil Corp.'s ROE trend shows fluctuations over the past eight quarters, with periods of significant improvement followed by slight declines. Monitoring ROE over time provides insights into the company's ability to generate profits from shareholder equity and helps assess its financial health and performance.
Peer comparison
Dec 31, 2023