Murphy Oil — Aug 5, 2026 release

1 Highlights for the second quarter include: • Produced 169,000 BOEPD, at the upper end of quarterly guidance primarily due to continued strong well performance at Tupper Montney • Earned net income of $232 million in 2Q 2026 compared to $22 million in 2Q 2025, with the increase driven by stronger commodity prices and continued operational outperformance • Announced oil discovery at the Bubale-1X exploration well in Block CI-709 offshore Côte d'Ivoire, with the well encountering 100 feet of net pay across two reservoirs • Concluded the Hai Su Vang (Golden Sea Lion) appraisal program in Vietnam with the completion of the Hai Su Vang-4X appraisal well, which was expensed as a dry hole • Completed drilling operations and initiated completion activities at the Chinook #8 development well in the Gulf of America • Finalized pipeline installation and launched the FSO (Floating Storage and Offloading vessel) at the Lac Da Vang development project in Vietnam • Executed onshore program as planned, bringing online six Eagle Ford Shale wells and four Kaybob Duvernay wells Subsequent to the second quarter: • Spud the Bubale West-1X appraisal well in Block CI-103 offshore Côte d'Ivoire • Spud the Lac Da Trang (White Camel) North-1X exploration well in Block 15-1/05 in Vietnam • Completed the installation of topsides and mobilized FSO to final location for the Lac Da Vang development project • Expanded the full-year capital program to advance high-impact appraisal and development opportunities, increasing the CAPEX midpoint from $1.25 billion to $1.55 billion • Published the 2026 Sustainability Report, highlighting Murphy’s commitment to responsible operations, corporate governance, and long-term shareholder value creation “Murphy enters the second half of 2026 with a growing exploration pipeline and multiple pathways to long-term shareholder value creation. Bubale-1X has broadened our opportunity set, Hai Su Vang has progressed from appraisal to development planning, and Lac Da Vang is nearing first oil. The breadth of our portfolio creates optionality, allowing us to prioritize the highest-value opportunities and maximize shareholder returns,” stated Eric M. Hambly, President and Chief Executive Officer. 2 SHAREHOLDER RETURNS During the second quarter of 2026, we paid $50 million in quarterly dividends. While the Company elected not to repurchase shares in the second quarter, it retains significant flexibility with $550 million remaining under its share repurchase authorization. As of June 30, 2026, there were 143.4 million shares outstanding. FINANCIAL POSITION Murphy had approximately $2.48 billion of liquidity on June 30, 2026, comprised of the undrawn $2.00 billion senior unsecured credit facility and approximately $480 million o