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 from Scope 1, which includes direct emissions from owned or controlled sources. This figure comprises 934,000 kg CO2e from process emissions, 25,210,000 kg CO2e from fugitive emissions, and 734,158,000 kg CO2e from stationary combustion. Additionally, the company emitted about 28,170,000 kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Notably, Scope 3 emissions, primarily from the use of sold products, reached approximately 24,300,000,000 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. Furthermore, the company is committed to eliminating routine flaring by 2030, aligning with the World Bank's definition of routine flaring. The emissions data reflects a consistent reporting practice, with disclosures made for all relevant scopes since 2016. The company has demonstrated a commitment to transparency and accountability in its climate strategy, as evidenced by its detailed sustainability reports.
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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.
