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 27 is higher than 61% 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, with Scope 1 emissions accounting for about 1,083,362,000 kg CO2e, Scope 2 emissions at approximately 28,170,000 kg CO2e, and significant Scope 3 emissions from the use of sold products reaching about 24,300,000,000 kg CO2e. This represents a slight increase in Scope 1 emissions compared to 2022, where total emissions were approximately 1,056,513,000 kg CO2e. Murphy Oil has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 greenhouse gas emissions intensity by 15% to 20% by 2030, using a 2019 baseline, excluding operations in Malaysia, which were divested in 2019. Additionally, the company has committed to eliminating routine flaring by 2030, aligning with the World Bank's definition of routine flaring. The company has consistently disclosed its emissions across all relevant scopes, demonstrating transparency in its climate reporting. Murphy Oil's initiatives reflect a proactive approach to addressing climate change and reducing its carbon footprint in the oil and gas sector.
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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 participating in any of the initiatives that 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.
