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 89% 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, which includes direct emissions from operations, and 28,170,000 kg CO2e from Scope 2, which covers indirect emissions from purchased electricity. Notably, their Scope 3 emissions, primarily from the use of sold products, reached about 24,300,000,000 kg CO2e. This indicates a significant reliance on fossil fuel products, contributing to their overall carbon footprint. Murphy Oil has set ambitious climate commitments, aiming to eliminate routine flaring by 2030, aligning with the World Bank's definition of routine flaring. Additionally, they have pledged to reduce their Scope 1 and 2 greenhouse gas emissions intensity by 15% to 20% by 2030, using 2019 as a baseline, excluding operations in Malaysia, which were divested in 2019. These initiatives reflect Murphy Oil's commitment to mitigating climate change impacts and enhancing sustainability within their operations. Overall, Murphy Oil's emissions data and climate commitments underscore the company's recognition of the need for significant reductions in greenhouse gas emissions as part of their long-term strategy to address climate change.
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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.
