Murphy Oil Corporation, commonly known as Murphy Oil, is a prominent player in the gas and diesel oil industry, headquartered in the United States. Founded in 1950, the company has established a strong presence in key operational regions, including North America and offshore areas.
Specialising in the exploration and production of oil and natural gas, Murphy Oil is recognised for its commitment to sustainable practices and innovative technologies. The company offers a diverse range of products, including crude oil and natural gas liquids, which are distinguished by their quality and reliability.
With a solid market position, Murphy Oil has achieved significant milestones, including successful offshore drilling projects and strategic partnerships that enhance its operational efficiency. As a leader in the energy sector, Murphy Oil continues to drive advancements in the gas and diesel oil market.
+2 vs industry average
Murphy Oil’s score of 21 is lower than 46% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 41% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Murphy Oil's reported carbon emissions
Murphy Oil, a US-based company in the Gas/Diesel Oil industry, reported a total of approximately 49.3 billion kg CO2e in emissions for 2023. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. For 2023, Scope 1 emissions were approximately 1.08 billion kg CO2e, with Scope 2 emissions at about 28.2 million kg CO2e. Scope 3 emissions for the same year were approximately 48.2 billion kg CO2e, predominantly from the use of sold products. In 2022, Murphy Oil reported total emissions of approximately 48.0 billion kg CO2e, with Scope 1 emissions around 1.06 billion kg CO2e and Scope 2 emissions at approximately 31.7 million kg CO2e. Their Scope 3 emissions for 2022 were estimated at about 47.0 billion kg CO2e. Murphy Oil has established climate commitments. Notably, the company aims to eliminate routine flaring by 2030. Furthermore, they are committed to reducing their Scope 1 and Scope 2 greenhouse gas (GHG) emissions intensity by 15% to 20% by 2030, using a 2019 baseline, excluding its former Malaysia operations. This intensity reduction target applies to both Scope 1 and Scope 2 emissions.
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Murphy Oil’s Climate Goals (2030 & 2050)
4 goals2030
We have also committed to zero routine flaring by 2030
We have also committed to zero routine flaring by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 4 climate goals
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Murphy Oil
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