Murphy Oil Corporation (MUR)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 272,148 | 673,495 | 1,033,440 | 1,601,020 | 264,664 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,118,380 | 5,194,250 | 5,362,790 | 4,994,770 | 4,320,800 |
| Return on total capital | 5.32% | 12.97% | 19.27% | 32.05% | 6.13% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $272,148K ÷ ($—K + $5,118,380K)
= 5.32%