UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
MURPHY OIL CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 1-8590 | 71-0361522 | ||||||||||||
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| 9805 Katy Fwy, Suite G-200 | ||||||||||||||
| Houston, | Texas | 77024 | ||||||||||||
| (Address of principal executive offices, including zip code) | ||||||||||||||
| Paul D. Vaughan | |||||||||||
| Vice President and Controller | |||||||||||
(281) | 675-9000 | ||||||||||
| (Name and telephone number, including area code, of the person to contact in connection with this report.) | |||||||||||
Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:
| ☐ | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ____. | ||||
| ☒ | Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023. | ||||
Section 2 - Resource Extraction Issuer Disclosure
Item 2.01. Resource Extraction Issuer Disclosure and Report
Disclosure of Payments by Resource Extraction Issuers
The following information is furnished pursuant to Item 2.01, “Resource Extraction Issuer Disclosure and Report” of Form SD. The specified payment disclosure required by Form SD is included in Exhibit 2.01 to this report.
Section 3 - Exhibits
Item 3.01. Exhibits
The following exhibit is furnished as part of this report.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
MURPHY OIL CORPORATION | ||||||||
| Date: September 23, 2024 | By: | /s/ PAUL D. VAUGHAN | ||||||
| Paul D. Vaughan | ||||||||
| Vice President and Controller | ||||||||
Exhibit 2.01
Resource Extraction Payment Report
Overview
The table below summarizes the relevant payments to governments made by Murphy Oil Corporation in the year ended December 31, 2023, by country and payment type.
| Amounts in $USD Millions | ||||||||||||||||||||
| Country | Taxes | Royalties | Fees | Production Entitlements | Community and Social Responsibility (required by law or contract) | Total Amount paid by Country | ||||||||||||||
| Brunei | 1.1 | 1.1 | ||||||||||||||||||
| Canada | 8.5 | 71.8 | 3.4 | 17.7 | 101.4 | |||||||||||||||
Côte d'Ivoire | 11.4 | 1.2 | 12.6 | |||||||||||||||||
| Mexico | 11.2 | 11.2 | ||||||||||||||||||
| United States | 369.5 | 13.0 | 382.5 | |||||||||||||||||
| Vietnam | 0.3 | 0.3 | ||||||||||||||||||
| Total | 9.6 | 441.3 | 39.0 | 17.7 | 1.5 | 509.1 | ||||||||||||||
Details of payments made to the governments of each country are provided in the following pages.
Exhibit 2.01
Brunei
| Amounts in $USD Millions | |||||||||||||||||||||||
| Payee Name | Payment Currency | Reporting Currency | Fiscal Year | Business Segment | Taxes | Total Amount paid by Payee | |||||||||||||||||
| Government of Brunei Darussalam | USD | USD | 2023 | Other | 1.1 | 1.1 | |||||||||||||||||
| Total | 1.1 | 1.1 | |||||||||||||||||||||
| Project Name | Payment Currency | Reporting Currency | Fiscal Year | Business Segment | Taxes | Total Amount paid by Project | Offshore | ||||||||||||||||
| Oil-Well-BN-BE | USD | USD | 2023 | Other | 1.1 | 1.1 | Offshore-South China Sea | ||||||||||||||||
| Total | 1.1 | 1.1 | |||||||||||||||||||||
Exhibit 2.01
Canada
| Amounts in $USD Millions | ||||||||||||||||||||||||||||||||
| Payee Name | Payment Currency | Reporting Currency 1 | Fiscal Year | Business Segment | Taxes | Royalties | Fees | Production Entitlements | Total Amount paid by Payee | |||||||||||||||||||||||
| Government of Canada | CAD | USD | 2023 | Canada | 3.7 | 11.0 | 14.7 | |||||||||||||||||||||||||
| Municipal District of Greenview, Alberta | CAD | USD | 2023 | Canada | 1.0 | 1.0 | ||||||||||||||||||||||||||
| Government of Alberta | CAD | USD | 2023 | Canada | 1.9 | 5.4 | 0.8 | 8.1 | ||||||||||||||||||||||||
| Government of Alberta | In-Kind 2 | USD | 2023 | Canada | 17.7 | 17.7 | ||||||||||||||||||||||||||
| Government of British Columbia | CAD | USD | 2023 | Canada | 1.9 | 26.0 | 2.4 | 30.3 | ||||||||||||||||||||||||
| Government of Newfoundland and Labrador | CAD | USD | 2023 | Canada | 29.4 | 0.2 | 29.6 | |||||||||||||||||||||||||
| Total | 8.5 | 71.8 | 3.4 | 17.7 | 101.4 | |||||||||||||||||||||||||||
| Project Name | Payment Currency | Reporting Currency 1 | Fiscal Year | Business Segment | Taxes | Royalties | Fees | Production Entitlements | Total Amount paid by Project | Offshore | ||||||||||||||||||||||
| Oil-Well-CA-NL | CAD | USD | 2023 | Canada | 40.4 | 0.2 | 40.6 | Offshore-North Atlantic Ocean | ||||||||||||||||||||||||
| Natural Gas-Well-CA-BC | CAD | USD | 2023 | Canada | 1.9 | 26.0 | 2.4 | 30.3 | ||||||||||||||||||||||||
| Oil-Well-CA-AB | CAD | USD | 2023 | Canada | 6.6 | 5.4 | 0.8 | 12.8 | ||||||||||||||||||||||||
| Oil-Well-CA-AB | In-Kind 2 | USD | 2023 | Canada | 17.7 | 17.7 | ||||||||||||||||||||||||||
| Total | 8.5 | 89.5 | 3.4 | 17.7 | 101.4 | |||||||||||||||||||||||||||
1 The conversion to U.S. dollars is based on the exchange rate as of December 31, 2023.
2 Payments made in-kind are reported at fair market value based on realized sales price in Canadian dollars, and then converted to U.S. dollars at the exchange rate as of December 31, 2023.
Exhibit 2.01
Côte d'Ivoire
| Amounts in $USD Millions | ||||||||||||||||||||||||||
| Payee Name | Payment Currency | Reporting Currency 1 | Fiscal Year | Business Segment | Fees | Community and Social Responsibility (required by law or contract) | Total Amount paid by Payee | |||||||||||||||||||
| Receveur des Grandes Entreprises | XOF | USD | 2023 | Other | 7.7 | 7.7 | ||||||||||||||||||||
| Petroci Comite de Negociation de CP | USD | USD | 2023 | Other | 2.6 | 2.6 | ||||||||||||||||||||
| Direction Generale des Hydrocarbures | XOF | USD | 2023 | Other | 0.3 | 1.2 | 1.5 | |||||||||||||||||||
| Petroci Comite de Negociation de CP | XOF | USD | 2023 | Other | 0.8 | 0.8 | ||||||||||||||||||||
| Total | 11.4 | 1.2 | 12.6 | |||||||||||||||||||||||
| Project Name | Payment Currency | Reporting Currency 1 | Fiscal Year | Business Segment | Fees | Community and Social Responsibility (required by law or contract) | Total Amount paid by Project | Offshore | ||||||||||||||||||
| Oil/Natural Gas-Well-CI-AB | XOF | USD | 2023 | Other | 8.0 | 8.0 | Offshore-Gulf of Guinea | |||||||||||||||||||
| Oil-Well-CI-AB | XOF | USD | 2023 | Other | 0.8 | 1.2 | 2.0 | Offshore-Gulf of Guinea | ||||||||||||||||||
| Oil/Natural Gas-Well-CI-AB | USD | USD | 2023 | Other | 1.7 | 1.7 | Offshore-Gulf of Guinea | |||||||||||||||||||
| Oil-Well-CI-AB | USD | USD | 2023 | Other | 0.9 | 0.9 | Offshore-Gulf of Guinea | |||||||||||||||||||
| Total | 11.4 | 1.2 | 12.6 | |||||||||||||||||||||||
1 The conversion to U.S. dollars is based on the exchange rate as of December 31, 2023.
Exhibit 2.01
Mexico
| Amounts in $USD Millions | |||||||||||||||||||||||
| Payee Name | Payment Currency | Reporting Currency 1 | Fiscal Year | Business Segment | Fees | Total Amount paid by Payee | |||||||||||||||||
| Fondo Mexicano del Petroleo para la Estabilizacion y el Desarrollo | MXN | USD | 2023 | Other | 7.2 | 7.2 | |||||||||||||||||
| Servicio de Administracion Tributaria | MXN | USD | 2023 | Other | 4.0 | 4.0 | |||||||||||||||||
| Total | 11.2 | 11.2 | |||||||||||||||||||||
| Project Name | Payment Currency | Reporting Currency 1 | Fiscal Year | Business Segment | Fees | Total Amount paid by Project | Offshore | ||||||||||||||||
| Oil/Natural Gas-Well-MX-TAB | MXN | USD | 2023 | Other | 11.2 | 11.2 | Offshore-Gulf of Mexico | ||||||||||||||||
| Total | 11.2 | 11.2 | |||||||||||||||||||||
1 The conversion to U.S. dollars is based on the exchange rate as of December 31, 2023.
Exhibit 2.01
United States of America
| Amounts in $USD Millions | ||||||||||||||||||||||||||
| Payee Name | Payment Currency | Reporting Currency | Fiscal Year | Business Segment | Royalties | Fees | Total Amount paid by Payee | |||||||||||||||||||
| U.S. Department of the Interior | USD | USD | 2023 | United States | 369.5 | 1.4 | 370.9 | |||||||||||||||||||
| U.S. Office of Natural Resources Revenue | USD | USD | 2023 | United States | 11.6 | 11.6 | ||||||||||||||||||||
| Total | 369.5 | 13.0 | 382.5 | |||||||||||||||||||||||
| Project Name | Payment Currency | Reporting Currency | Fiscal Year | Business Segment | Royalties | Fees | Total Amount paid by Project | Offshore | ||||||||||||||||||
| Oil-Well-US-LA | USD | USD | 2023 | United States | 355.3 | 12.1 | 367.4 | Offshore-Gulf of Mexico | ||||||||||||||||||
| Natural Gas-Well-US-LA | USD | USD | 2023 | United States | 14.2 | 0.9 | 15.1 | Offshore-Gulf of Mexico | ||||||||||||||||||
| Total | 369.5 | 13.0 | 382.5 | |||||||||||||||||||||||
Exhibit 2.01
Vietnam
| Amounts in $USD Millions | |||||||||||||||||||||||
| Payee Name | Payment Currency | Reporting Currency | Fiscal Year | Business Segment | Community and Social Responsibility (required by law or contract) | Total Amount paid by Payee | |||||||||||||||||
| Vietnam Oil and Gas Group | USD | USD | 2023 | Other | 0.3 | 0.3 | |||||||||||||||||
| Total | 0.3 | 0.3 | |||||||||||||||||||||
| Project Name | Payment Currency | Reporting Currency | Fiscal Year | Business Segment | Community and Social Responsibility (required by law or contract) | Total Amount paid by Project | Offshore | ||||||||||||||||
| Oil-Well-VN-43 | USD | USD | 2023 | Other | 0.2 | 0.2 | Offshore-South China Sea | ||||||||||||||||
| Oil-Well-VN-29 | USD | USD | 2023 | Other | 0.1 | 0.1 | Offshore-South China Sea | ||||||||||||||||
| Total | 0.3 | 0.3 | |||||||||||||||||||||