Murphy Oil Corporation (MUR)

Financial leverage ratio

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Total assets US$ in thousands 9,832,630 9,667,480 9,766,700 10,309,000 10,304,900
Total stockholders’ equity US$ in thousands 5,118,380 5,194,250 5,362,790 4,994,770 4,320,800
Financial leverage ratio 1.92 1.86 1.82 2.06 2.38

December 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,832,630K ÷ $5,118,380K
= 1.92