Murphy Oil
Murphy Oil Corporation, commonly known as Murphy Oil, is a prominent player in the global energy sector, headquartered in El Dorado, Arkansas, USA. Founded in 1950, the company has established itself as a significant independent oil and natural gas exploration and production firm, with major operational regions spanning North America and offshore areas in the Gulf of Mexico. Specialising in the exploration, production, and marketing of crude oil and natural gas, Murphy Oil is recognised for its commitment to sustainable practices and innovative technologies. The company’s core offerings include upstream oil and gas production, with a focus on high-quality reserves that set it apart in a competitive market. With a strong market position, Murphy Oil has achieved notable milestones, including successful exploration projects and strategic partnerships that enhance its operational efficiency and growth potential.
DitchCarbon Score
How does Murphy Oil's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Murphy Oil's score of 19 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Murphy Oil's reported carbon emissions
In 2023, Murphy Oil Corporation reported total carbon emissions of approximately 1,083,362,000 kg CO2e from Scope 1 and 2, with Scope 1 emissions accounting for about 1,083,362,000 kg CO2e and Scope 2 emissions at approximately 28,170,000 kg CO2e. The company also disclosed significant Scope 3 emissions, primarily from the use of sold products, amounting to approximately 24,300,000,000 kg CO2e. Over the years, Murphy Oil has demonstrated a commitment to reducing its carbon footprint. In 2022, the company reported total emissions of about 1,056,513,000 kg CO2e from Scope 1 and 2, indicating a slight reduction from previous years. The emissions for 2021 were approximately 925,239,000 kg CO2e, showcasing a trend towards lower emissions. Despite these reductions, Murphy Oil has not publicly set specific reduction targets or climate pledges, which may limit its accountability in the context of global climate commitments. The company continues to operate within the oil and gas sector, which is under increasing scrutiny for its environmental impact, particularly regarding greenhouse gas emissions. Overall, while Murphy Oil has made strides in reducing its emissions, the absence of formal reduction targets may hinder its long-term sustainability efforts in the face of growing climate challenges.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,689,920,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 236,381,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Murphy Oil is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
