Murphy Oil — Nov 5, 2025 release

4 Excludes $23 million Eagle Ford Shale acquisition. 5 Lease operating expense per barrel of oil equivalent sold for total oil and gas continuing operations. 1 Highlights for the third quarter include: • Delivered sequential increase in production to 200,000 BOEPD and 94,000 BOPD; production outperformed high-end of guidance on strong new well productivity and no storm downtime in the Gulf of America • Paid down $50 million of debt under the senior unsecured credit facility and returned $46 million to shareholders through quarterly dividend • Reaffirmed full year production and CAPEX guidance Subsequent to the third quarter: • Completed installation of platform jacket and initiated development drilling at Lac Da Vang (Golden Camel) development project in Vietnam ahead of schedule “I am pleased with our operational performance across our asset base including Eagle Ford, Tupper Montney, and Gulf of America. I am proud of our team for continuing to innovate and evolve our completions and flowback designs to achieve higher capital efficiency in our onshore operations. We saw great performance from our Gulf of America asset and successfully completed all planned workover activity. Additionally, subsequent to quarter end, we executed major milestones on our Lac Da Vang (Golden Camel) project. We remain focused on core execution as we progress our impactful offshore exploration and appraisal program across three continents in the fourth quarter,” stated Eric