UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
MURPHY OIL CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 1-8590 | 71-0361522 | ||||||||||||
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| 9805 Katy Fwy, Suite G-200 | ||||||||||||||
| Houston, | Texas | 77024 | ||||||||||||
| (Address of principal executive offices, including zip code) | ||||||||||||||
| Paul D. Vaughan | |||||||||||
| Vice President and Controller | |||||||||||
(281) | 675-9000 | ||||||||||
| (Name and telephone number, including area code, of the person to contact in connection with this report.) | |||||||||||
Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:
| ☐ | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ____. | ||||
| ☒ | Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2025. | ||||
Section 2 - Resource Extraction Issuer Disclosure
Item 2.01. Resource Extraction Issuer Disclosure and Report
Disclosure of Payments by Resource Extraction Issuers
The following information is furnished pursuant to Item 2.01, “Resource Extraction Issuer Disclosure and Report” of Form SD. The specified payment disclosure required by Form SD is included in Exhibit 2.01 to this report.
Section 3 - Exhibits
Item 3.01. Exhibits
The following exhibit is furnished as part of this report.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
MURPHY OIL CORPORATION | ||||||||
| Date: September 17, 2026 | By: | /s/ PAUL D. VAUGHAN | ||||||
| Paul D. Vaughan | ||||||||
| Vice President and Controller | ||||||||
Exhibit 2.01
Resource Extraction Payment Report
Payments Overview1,2
The table below summarizes the relevant payments to governments made by Murphy Oil Corporation in the year ended December 31, 2025, by country and payment type.
For payments where the Payment Currency differs from the Reporting Currency, the conversion to U.S. dollars is based on the exchange rate as of December 31, 2025.
| $USD Million | |||||||||||||||||||||||
| Country | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Community and Social Responsibility | Total Amount paid by Country | ||||||||||||||||
| Canada | $ | 11.5 | $ | 48.2 | $ | 4.1 | $ | 10.8 | $ | — | $ | — | $ | 74.6 | |||||||||
| Côte d'Ivoire | $ | — | $ | — | $ | 0.1 | $ | — | $ | — | $ | 2.3 | $ | 2.4 | |||||||||
| United States | $ | — | $ | 235.6 | $ | 4.2 | $ | — | $ | 5.3 | $ | — | $ | 245.1 | |||||||||
| Vietnam | $ | 2.7 | $ | — | $ | — | $ | — | $ | — | $ | 0.3 | $ | 3.0 | |||||||||
| Total | 14.2 | 283.8 | 8.4 | 10.8 | 5.3 | 2.6 | 325.1 | ||||||||||||||||
Details of payments made to the governments of each country are provided in the following pages.
1 Murphy Oil Corporation did not make any payments for dividends or infrastructure improvement in the scope of this disclosure in 2025.
2 Amounts reported in this exhibit are shown in millions of U.S. dollars. All payments were made in the fiscal year 2025.
Murphy Oil Corporation 2025 Resource Extraction Payment Report
1
1
Exhibit 2.01
Canada
| $USD Million | |||||||||||||||||||||||
| Payee Name | Payment Currency | Business Segment | Taxes | Royalties | Fees | Production Entitlements | Total Amount paid by Payee | ||||||||||||||||
| Government of Canada | CAD | Canada | 6.4 | 7.9 | 14.3 | ||||||||||||||||||
| Municipal District of Greenview, Alberta | CAD | Canada | 0.8 | 0.8 | |||||||||||||||||||
| Government of Alberta | CAD | Canada | 3.5 | 6.3 | 0.7 | 10.5 | |||||||||||||||||
| Government of Alberta | In-Kind1 | Canada | 10.8 | 10.8 | |||||||||||||||||||
| Government of British Columbia | CAD | Canada | 0.8 | 12 | 3.2 | 16.0 | |||||||||||||||||
| Government of Newfoundland and Labrador | CAD | Canada | 22 | 0.2 | 22.2 | ||||||||||||||||||
| Total | 11.5 | 48.2 | 4.1 | 10.8 | 74.6 | ||||||||||||||||||
| $USD Million | ||||||||||||||||||||||||||
| Project Name | Payment Currency | Business Segment | Taxes | Royalties | Fees | Production Entitlements | Total Amount paid by Project | Onshore / Offshore | ||||||||||||||||||
| Oil-Well-CA-NL | CAD | Canada | 1.2 | 29.9 | 0.2 | 31.3 | Offshore-North Atlantic Ocean | |||||||||||||||||||
| Natural Gas-Well-CA-BC | CAD | Canada | 0.9 | 12.0 | 3.2 | 16.1 | Onshore | |||||||||||||||||||
| Oil -Well-CA-AB | CAD | Canada | 9.4 | 6.3 | 0.7 | 16.4 | Onshore | |||||||||||||||||||
| Oil -Well-CA-AB | In-Kind1 | Canada | 10.8 | 10.8 | Onshore | |||||||||||||||||||||
| Total | 11.5 | 48.2 | 4.1 | 10.8 | 74.6 | |||||||||||||||||||||
1 Payments made in-kind are reported at the monthly average sale price in Canadian dollars, which is then converted to U.S. dollars at the exchange rate as of the fiscal year ended 2025.
Murphy Oil Corporation 2025 Resource Extraction Payment Report
2
2
Exhibit 2.01
Côte d'Ivoire
| $USD Million | |||||||||||||||||
| Payee Name | Payment Currency | Business Segment | Fees | Community and Social Responsibility | Total Amount paid by Payee | ||||||||||||
| Direction Generale des Hydrocarbures | USD | Other | 2.3 | 2.3 | |||||||||||||
| I'Agence Nationale de l'Environment | USD | Other | 0.1 | 0.1 | |||||||||||||
| Total | 0.1 | 2.3 | 2.4 | ||||||||||||||
| $USD Million | ||||||||||||||||||||
| Project Name | Payment Currency | Business Segment | Fees | Community and Social Responsibility | Total Amount paid by Project | Onshore / Offshore | ||||||||||||||
| Oil/Natural Gas-Well-CI-AB | USD | Other | 0.1 | 2.3 | 2.4 | Offshore-Gulf of Guinea | ||||||||||||||
| Total | 0.1 | 2.3 | 2.4 | |||||||||||||||||
Murphy Oil Corporation 2025 Resource Extraction Payment Report
3
3
Exhibit 2.01
United States of America
| $USD Million | ||||||||||||||||||||
| Payee Name | Payment Currency | Business Segment | Royalties | Fees | Bonuses | Total Amount paid by Payee | ||||||||||||||
| US Dept Interior Natural Resources | USD | United States | 235.6 | 1.0 | 236.6 | |||||||||||||||
| US Office of Natural Resources | USD | United States | 3.2 | 5.3 | 8.5 | |||||||||||||||
| Total | 235.6 | 4.2 | 5.3 | 245.1 | ||||||||||||||||
| $USD Million | |||||||||||||||||||||||
| Project Name | Payment Currency | Business Segment | Royalties | Fees | Bonuses | Total Amount paid by Project | Onshore / Offshore | ||||||||||||||||
| Oil-Well-US-LA | USD | United States | 216.7 | 3.5 | 5.3 | 225.5 | Offshore-Gulf of America | ||||||||||||||||
| Natural Gas-Well-US-LA | USD | United States | 18.9 | 0.7 | 19.6 | Offshore-Gulf of America | |||||||||||||||||
| Total | 235.6 | 4.2 | 5.3 | 245.1 | |||||||||||||||||||
Murphy Oil Corporation 2025 Resource Extraction Payment Report
4
4
Exhibit 2.01
Vietnam
| $USD Million | |||||||||||||||||
| Payee Name | Payment Currency | Business Segment | Taxes | Community and Social Responsibility | Total Amount paid by Payee | ||||||||||||
| Vietnam Oil And Gas Group | USD | Other | 0.3 | 0.3 | |||||||||||||
| Cuc Thue Thanh Pho Ho Chi Minh | USD | Other | 2.7 | 2.7 | |||||||||||||
| Total | 2.7 | 0.3 | 3.0 | ||||||||||||||
| $USD Million | ||||||||||||||||||||
| Project Name | Payment Currency | Business Segment | Taxes | Community and Social Responsibility | Total Amount paid by Project | Onshore / Offshore | ||||||||||||||
| Oil-Well-VN-31 | USD | Other | 0.1 | 0.1 | Offshore-South China Sea | |||||||||||||||
| Oil-Well-VN-43 | USD | Other | 2.7 | 0.2 | 2.9 | Offshore-South China Sea | ||||||||||||||
| Total | 2.7 | 0.3 | 3.0 | |||||||||||||||||
Murphy Oil Corporation 2025 Resource Extraction Payment Report
5
5