0001628280-26-042851 | 11-K | XBRL Viewer

Related-Party Transactions	12 Months Ended
Dec. 31, 2025
EBP 001
EBP, Related Party and Party-in-Interest Transactions [Line Items]
Related-Party Transactions	Related-Party Transactions Fidelity Investments Institutional Operations Company, LLC. (FIIOC) handles record keeping and administration of the Plan. Certain of the Plan’s investment options are in mutual funds managed by Fidelity Management & Research Company LLC (FMR). FIIOC and FMR are both affiliates of FMTC, who is the Trustee for the Plan and also manages the MIP II, the MSF and the Murphy USA Stock Fund. FMR’s fees were deducted from the earnings of the mutual funds it manages. For the year ended December 31, 2025, the Plan incurred costs of $79,486 for trustee and recordkeeping fees. In addition, the Plan provides for investment in Murphy Oil Corporation common stock and participant notes receivable, which also qualify as party-in-interest transactions. For the year ended December 31, 2025, contributions into the MSF totaled $797,322, while benefit payments out of the MSF totaled $1,418,810. During the year ended December 31, 2025, the Plan recorded $812,310 of dividend income from the MSF. These transactions are covered by exemptions from the prohibited transactions provisions of ERISA and the Internal Revenue Code of 1986, as amended.

Risk and Uncertainties	12 Months Ended
Dec. 31, 2025
EBP 001
EBP, Risk and Uncertainty [Line Items]
Risk and Uncertainties	Risk and Uncertainties The Plan provides for investment in various investment securities. Investment securities, in general, are exposed to various risks, such as interest rate risk, credit risk, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term, and that such changes could materially affect participants’ account balances and the amounts reported in the financial statements.

Net Assets and Investments (Tables)

12 Months Ended

Dec. 31, 2025

EBP, Investment, Fair Value and NAV [Line Items]

The following table presents the net assets of the Plan as of December 31, 2025 and 2024.


	2025		2024
Investments, at fair value

Common Stock
Murphy Oil Corporation	$	18,799,163	$	16,020,919
Murphy USA Inc.	6,270,694		9,664,391
Total common stock	25,069,857		25,685,310
Common/collective trust	16,727,821		16,752,607
Self-directed brokerage fund	5,171,145		1,776,956
Mutual funds	206,687,735		169,796,520
Notes receivable from participants	2,366,554		2,205,448
Participant contributions receivable	—		252,679
Employer contributions receivable	—		213,856

Net assets	$	256,023,112	$	216,683,376

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Income Taxes	12 Months Ended
Dec. 31, 2025
EBP 001
EBP, Tax Status [Line Items]
Income Taxes	Income Taxes Although the Plan has been amended since receiving a favorable determination letter dated July 1, 2014, the Committee believes that the Plan meets the necessary requirements of Section 401(a) of the Internal Revenue Code of 1986, as amended, and accordingly, the Plan is exempt from taxation under the provisions of Section 501(a) of the Internal Revenue Code of 1986, as amended. US GAAP requires plan management to evaluate tax positions taken by the plan and recognize a tax liability if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Net Assets and Investments (Details) - EBP 001 - USD ($)	Dec. 31, 2025	Dec. 31, 2024
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	$ 253,656,558	$ 214,011,393
Notes receivable from participants	2,366,554	2,205,448
Participant contributions receivable	0	252,679
Employer contributions receivable	0	213,856
Net assets available for benefits	256,023,112	216,683,376
Unfunded commitment	$ 0	0
Redemption restriction, period in effect	90 days
Common Stock
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	$ 25,069,857	25,685,310
Common Stock \| Murphy Oil Corporation
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	18,799,163	16,020,919
Common Stock \| Murphy USA Inc.
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	6,270,694	9,664,391
Common/collective trusts
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	16,727,821	16,752,607
Self-directed brokerage fund
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	5,171,145	1,776,956
Mutual Funds
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	$ 206,687,735	$ 169,796,520

Description of the Plan (Details) - EBP 001	12 Months Ended
Description of the Plan (Details) - EBP 001	Dec. 31, 2025 USD ($) year
EBP, Description of Plan [Line Items]
Participant contribution, pretax, maximum, percentage	60.00%
Employer contribution, maximum catch-up contributions age \| year	50
Automatic deferral rate	6.00%
Participant compensation matched, minimum service period	35 days
Participant compensation matched, percentage	6.00%
Note receivable from participant, minimum borrowing amount	$ 500
Note receivable from participant, maximum borrowing amount	$ 50,000
Note receivable from participant, maximum borrowing percentage	50.00%
General loan, borrowing term	5 years
Primary residence, borrowing term	15 years
Revenue credits	$ 75,305
Minimum
EBP, Description of Plan [Line Items]
Participant loan, interest rate	3.25%
Maximum
EBP, Description of Plan [Line Items]
Participant loan, interest rate	8.50%

Related-Party Transactions (Details) - EBP 001	12 Months Ended
Related-Party Transactions (Details) - EBP 001	Dec. 31, 2025 USD ($)
EBP, Related Party and Party-in-Interest Transactions [Line Items]
Administrative expense	$ 79,486
Common stocks
EBP, Related Party and Party-in-Interest Transactions [Line Items]
Cost of Asset	797,322
Selling Price	1,418,810
Increase from dividend income on investment	812,310
EBP, Trustee
EBP, Related Party and Party-in-Interest Transactions [Line Items]
Administrative expense	$ 79,486

Investments at Fair Value - Fair Value of Investments (Details) - EBP 001 - USD ($)	Dec. 31, 2025	Dec. 31, 2024
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	$ 253,656,558	$ 214,011,393
Common Stock
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	25,069,857	25,685,310
Mutual Funds
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	206,687,735	169,796,520
Self-directed brokerage fund
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	5,171,145	1,776,956
Fair Value, Inputs, Level 1, Level 2, and Level 3
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	236,928,737	197,258,786
Fair Value, Inputs, Level 1, Level 2, and Level 3 \| Common Stock
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	25,069,857	25,685,310
Fair Value, Inputs, Level 1, Level 2, and Level 3 \| Mutual Funds
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	206,687,735	169,796,520
Fair Value, Inputs, Level 1, Level 2, and Level 3 \| Self-directed brokerage fund
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	5,171,145	1,776,956
Level 1
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	236,928,737	197,258,786
Level 1 \| Common Stock
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	25,069,857	25,685,310
Level 1 \| Mutual Funds
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	206,687,735	169,796,520
Level 1 \| Self-directed brokerage fund
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	5,171,145	1,776,956
NAV
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	$ 16,727,821	$ 16,752,607

- Definition

Fair value of investment, excluding plan interest in master trust, held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)). Includes, but is not limited to, derivative, investment measured at net asset value per share as practical expedient, and insurance contract not meeting fully-benefit responsive investment criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

12 Months Ended

Dec. 31, 2025

EBP 001

EBP, Schedule of Asset Held for Investment [Line Items]

Schedule H, Line 4i – Schedule of Assets (Held At End of Year)

EIN 71-0361522, Plan 001

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

December 31, 2025

(a)

(b)
Identity of Issuer

(d)

Current Value 2

Fidelity 500 Index Fund

Mutual Fund

65,194,810

Murphy Stock Fund

Common Stock Fund

18,799,163

Fidelity Freedom 2045 Fund Class K6

Mutual Fund

17,179,259

Managed Income Portfolio II Class 1

Common/Collective Trust

16,727,821

Fidelity Freedom 2050 Fund Class K6

Mutual Fund

16,016,518

Fidelity Freedom 2040 Fund Class K6

Mutual Fund

15,989,014

Fidelity Freedom 2035 Fund Class K6

Mutual Fund

14,166,056

Fidelity Mid Cap Index Fund

Mutual Fund

11,991,622

Fidelity Freedom 2055 Fund Class K6

Mutual Fund

9,198,519

Fidelity Freedom 2030 Fund Class K6

Mutual Fund

8,672,208

Fidelity Diversified International K6 Fund

Mutual Fund

8,462,451

Murphy USA Stock Fund 1

Common Stock Fund

6,270,694

Fidelity Small Cap Index Fund

Mutual Fund

6,127,561

Fidelity Freedom 2025 Fund Class K6

Mutual Fund

5,909,317

Fidelity BrokerageLink

Brokerage Fund

5,171,145

Fidelity Freedom 2020 Fund Class K6

Mutual Fund

3,874,103

Fidelity Government Money Market Fund Class K6

Mutual Fund

3,623,709

PIMCO Total Return Fund Class A

Mutual Fund

2,953,534

Fidelity Freedom 2060 Fund Class K6

Mutual Fund

2,582,652

Fidelity U.S. Bond Index Fund

Mutual Fund

2,530,319

PIMCO Income Fund Class A

Mutual Fund

2,384,868

MFS Massachusetts Investors Growth Stock Fund Class R6

Mutual Fund

2,215,286

Fidelity International Index Fund

Mutual Fund

2,147,397

Eaton Vance Large-Cap Value Fund Class R6

Mutual Fund

1,723,653

Fidelity Freedom Income Fund Class K6

Mutual Fund

1,570,002

Fidelity Freedom 2065 Fund Class K6

Mutual Fund

1,011,258

Fidelity Freedom 2015 Fund Class K6

Mutual Fund

678,513

Fidelity GNMA

Mutual Fund

395,463

Fidelity Freedom 2010 Fund Class K6

Mutual Fund

87,018

Fidelity Freedom 2070 Fund Class K6

Mutual Fund

2,158

Fidelity Government Cash Reserves

Mutual Fund

467

Participant Loans

Interest 3.25%-8.50%, maturing through November 2040

2,366,554

Total

256,023,112

* Party-in-interest.

1 This fund is comprised of common stock of Murphy USA Inc. (MUSA). MUSA was wholly owned by Murphy prior to August 30, 2013, when Murphy’s stockholders received MUSA common stock in a spin-off transaction. These investments resulted from the spin-off of MSF held in the Master Trust at the date of distribution. The Master Trust was dissolved at the time of the spin-off transaction. No new investments are allowed in this fund.

2 Cost information is not required for participant-directed investments and therefore is not included.

Statements of Net Assets Available for Benefits - EBP 001 - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Assets
Investments, at fair value	$ 253,656,558	$ 214,011,393
Notes receivable from participants	2,366,554	2,205,448
Participant contributions receivable	0	252,679
Employer contributions receivable	0	213,856
Net assets available for benefits	$ 256,023,112	$ 216,683,376

Amount of asset less liability available to pay benefit of participant in employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, aggregation of participants' individual account balances.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 962
-SubTopic 325
-Name Accounting Standards Codification
-Section 45
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477509/962-325-45-8

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 962
-SubTopic 325
-Name Accounting Standards Codification
-Section 55
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478873/962-325-55-18

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 962
-SubTopic 325
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478873/962-325-55-17

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 962
-SubTopic 205
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6A-05(a)(Schedule II))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477804/962-205-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 962
-SubTopic 40
-Name Accounting Standards Codification
-Section 25
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479750/962-40-25-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 962
-SubTopic 205
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6A-04(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477804/962-205-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 962
-SubTopic 205
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6A-04(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477804/962-205-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 962
-SubTopic 205
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6A-03(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477804/962-205-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 962
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477063/962-205-45-2

+ Details

Description of the Plan	12 Months Ended
Description of the Plan	Dec. 31, 2025
EBP 001
EBP, Description of Plan [Line Items]
Description of the Plan	Description of the Plan The following is a summary of certain information related to The Murphy Oil Corporation 401(k) Plan (the Plan), which is sponsored by Murphy Oil Corporation (Murphy) and is administered by Murphy’s Employee Benefits Committee (the Committee). The Plan documents should be referred to for a complete description of the Plan’s provisions. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). Eligibility The Plan is a defined contribution plan generally available to certain employees of Murphy Oil Corporation (Murphy) and participating subsidiaries (collectively, the Company). Employees are generally eligible to participate as soon as administratively practicable after commencing employment. Contributions Participants may contribute up to 60% of their eligible pay to the Plan in the form of pre-tax, Roth, after-tax and catch-up contributions, subject to certain Internal Revenue Service (IRS) limitations. Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions. Participants may also contribute eligible rollover distributions from other qualified retirement plans. Participants direct the investment of their contributions into various investment options offered by the Plan. Eligible employees are automatically enrolled in the Plan at a 6% salary deferral rate beginning 35 days after hire unless they elect a different contribution rate or opt out during the notice period. Roth contributions became available under the Plan effective January 1, 2025. The Plan was subsequently amended to permit in-plan Roth rollover contributions effective July 16, 2025. The Company makes matching contributions on eligible participant contributions up to a maximum of 6% of eligible pay. Company matching contributions are invested as directed by the participant. Participant Accounts Each participant’s account includes the participant’s contribution and allocations of (a) the Company’s contribution, (b) Plan earnings or losses, and (c) administrative expenses. Additionally, each participant’s account can be allocated revenue sharing credits upon the Company’s election. Allocations are based on participant earnings or account balances, as defined. The amount to which a participant is entitled is the amount that can be provided from the participant’s vested account. Vesting Participants are immediately vested in their contributions, Company matching contributions, and the actual earnings or losses thereon. Benefit Payments Upon termination of employment, retirement, death or disability, a participant (or beneficiary) is entitled to receive the vested portion of the participant’s account. Benefits are generally distributed in the form of rollovers, lump sum distributions or installment payments. The Plan also permits withdrawals of participant accounts under certain circumstances, including hardship withdrawal and in-service withdrawals, subject to Plan provisions and applicable regulations. Participant account balances below specified thresholds may be distributed automatically or rolled over into an individual retirement account in accordance with Plan provisions. Participant Loans An eligible employee may borrow a minimum of $500 and a maximum equal to the lesser of (a) $50,000 less the highest outstanding loan balance(s) in the last twelve months or (b) 50% of their vested account balance. An eligible employee may have one general-purpose loan and one residential loan outstanding at any one time. The term of each loan will be in whole years, with maximums of 5 years for a general-purpose loan and 15 years for a residential loan. Loan repayments, including interest at the prime rate as of the beginning of the loan period, are made into the participant’s account through after-tax payroll deductions. Interest rates on outstanding notes receivable at December 31, 2025 range from 3.25% to 8.50%. Administrative Expenses Murphy pays certain costs of the Plan while employees pay administrative fees. Trustee fees and related expenses will be paid by the Plan. Certain administrative functions are performed by officers or employees of the Company. No such officer or employee receives compensation from the Plan. Administrative expenses of the Plan are netted directly from the participant accounts. Certain investment options may generate revenue credits that are received by the Plan’s recordkeeper. To the extent such amounts exceed the Plan’s agreed-upon administrative fees, the excess is allocated to participant accounts. These amounts are reflected in the financial statements as a reduction of administrative expenses. For the year ended December 31, 2025, revenue credits of $75,305 were recognized as a reduction of administrative expenses.

Investments at Fair Value (Tables)

12 Months Ended

Dec. 31, 2025

EBP 001

EBP, Investment, Fair Value and NAV [Line Items]

Schedule of Investments at Fair Value

The following table presents the fair value measurements of assets recognized in the accompanying Statements of Net Assets Available for Benefits measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2025 and 2024.


	Fair Value Measurements Using
			Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs	Significant Unobservable Inputs
December 31, 2025	Fair Value		(Level 1)	(Level 2)	(Level 3)
Common Stock	$	25,069,857	25,069,857	—	—
Mutual Funds	206,687,735		206,687,735	—	—
Self-directed brokerage fund	5,171,145		5,171,145
Total assets in fair value hierarchy	236,928,737		236,928,737	—	—
Investments measured at NAV 1	16,727,821		—	—	—
Investments at Fair Value	$	253,656,558	236,928,737	—	—
December 31, 2024
Common Stock	$	25,685,310	25,685,310	—	—
Mutual Funds	169,796,520		169,796,520	—	—
Self-directed brokerage fund	1,776,956		1,776,956
Total assets in fair value hierarchy	197,258,786		197,258,786	—	—
Investments measured at NAV 1	16,752,607		—	—	—
Investments at Fair Value	$	214,011,393	197,258,786	—	—

1 Certain investments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented on the Statements of Net Assets Available for Benefits.

The following table summarizes investments for which fair value is measured using the NAV per share practical expedient as of December 31, 2025.

December 31, 2025

December 31, 2024

Unfunded Commitments

Redemption Frequency

Managed Income Portfolio II Class 1

16,727,821

16,752,607

—

Daily

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Tabular disclosure of fair value of investment held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, fair value measured at net asset value per share as practical expedient (NAV).

+ References

+ Details

Summary of Significant Accounting Policies (Policies) - EBP 001	12 Months Ended
	Dec. 31, 2025
EBP, Accounting Policy [Line Items]
Basis of Accounting	Basis of Accounting The financial statements of the Plan are prepared on the accrual basis of accounting and present the net assets available for benefits to participants in the Plan and changes in net assets available for benefits. Investments are reported at fair value, including the investment in the common collective trust which is valued using net asset value (NAV) as a practical expedient. Benefits are recorded when paid.
Use of Estimate	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (US GAAP) requires the Plan’s management to make informed estimates and assumptions and use judgments that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
Investment Valuation and Income Recognition	Investment Valuation and Income Recognition Investments are reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Plan’s interest in the common collective trust fund is valued at net asset value (NAV) as a practical expedient. This practical expedient would not be used if it is determined to be probable that the investment would sell the investment for an amount different from the reported NAV. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation includes the Plan’s gains and losses on investment purchased and sold as well as held during the year.
Note Receivable from Participants	Notes Receivable From Participants Notes receivable from participants represent participant loans and are measured at their outstanding principal balance plus any accrued but unpaid interest. Delinquent participant loans are recorded as distributions on the basis of the terms of the Plan.

- Definition

Disclosure of accounting policy for use of estimate in preparation of financial statement of employee stock purchase, saving, or similar plan (employee benefit plan (EBP)).

+ References + Details

Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (Details) - EBP 001	12 Months Ended
	Dec. 31, 2025 USD ($)
EBP, Schedule of Asset Held for Investment [Line Items]
Entity tax identification number	71-0361522
Plan number	001
Participant loan, current value	$ 2,366,554
Total	256,023,112
Investment, Identifier [Axis]: Eaton Vance Large-Cap Value Fund Class R6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	1,723,653
Investment, Identifier [Axis]: Fidelity 500 Index Fund \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	65,194,810
Investment, Identifier [Axis]: Fidelity BrokerageLink \| Brokerage Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	5,171,145
Investment, Identifier [Axis]: Fidelity Diversified International K6 Fund \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	8,462,451
Investment, Identifier [Axis]: Fidelity Freedom 2010 Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	87,018
Investment, Identifier [Axis]: Fidelity Freedom 2015 Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	678,513
Investment, Identifier [Axis]: Fidelity Freedom 2020 Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	3,874,103
Investment, Identifier [Axis]: Fidelity Freedom 2025 Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	5,909,317
Investment, Identifier [Axis]: Fidelity Freedom 2030 Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	8,672,208
Investment, Identifier [Axis]: Fidelity Freedom 2035 Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	14,166,056
Investment, Identifier [Axis]: Fidelity Freedom 2040 Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	15,989,014
Investment, Identifier [Axis]: Fidelity Freedom 2045 Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	17,179,259
Investment, Identifier [Axis]: Fidelity Freedom 2050 Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	16,016,518
Investment, Identifier [Axis]: Fidelity Freedom 2055 Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	9,198,519
Investment, Identifier [Axis]: Fidelity Freedom 2060 Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	2,582,652
Investment, Identifier [Axis]: Fidelity Freedom 2065 Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	1,011,258
Investment, Identifier [Axis]: Fidelity Freedom 2070 Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	2,158
Investment, Identifier [Axis]: Fidelity Freedom Income Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	1,570,002
Investment, Identifier [Axis]: Fidelity GNMA \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	395,463
Investment, Identifier [Axis]: Fidelity Government Cash Reserves \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	467
Investment, Identifier [Axis]: Fidelity Government Money Market Fund Class K6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	3,623,709
Investment, Identifier [Axis]: Fidelity International Index Fund \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	2,147,397
Investment, Identifier [Axis]: Fidelity Mid Cap Index Fund \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	11,991,622
Investment, Identifier [Axis]: Fidelity Small Cap Index Fund \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	6,127,561
Investment, Identifier [Axis]: Fidelity U.S. Bond Index Fund \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	2,530,319
Investment, Identifier [Axis]: MFS Massachusetts Investors Growth Stock Fund Class R6 \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	2,215,286
Investment, Identifier [Axis]: Managed Income Portfolio II Class 1 \| Common/Collective Trust
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	16,727,821
Investment, Identifier [Axis]: Murphy Stock Fund \| Common Stock Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	18,799,163
Investment, Identifier [Axis]: Murphy USA Stock Fund \| Common Stock Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	6,270,694
Investment, Identifier [Axis]: PIMCO Income Fund Class A \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	2,384,868
Investment, Identifier [Axis]: PIMCO Total Return Fund Class A \| Mutual Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Current value	$ 2,953,534

Investments at Fair Value

12 Months Ended

Dec. 31, 2025

EBP 001

EBP, Investment, Fair Value and NAV [Line Items]

Investments at Fair Value

The Plan carries certain assets in its Statements of Net Assets Available for Benefits at fair value.

The fair value hierarchy is based on the quality of inputs used to measure fair value, with Level 1 being the highest quality and Level 3 being the lowest quality. Level 1 inputs are quoted prices in active markets for identical assets or liabilities. Level 2 inputs are observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 inputs are unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis and recognized in the accompanying Statements of Net Assets Available for Benefits, as well as the general classification of such instruments pursuant to the valuation hierarchy. There have been no significant changes in the valuation techniques during the year ended December 31, 2025.

Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include common stock and mutual funds. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. In certain cases where Level 1 inputs are not available, securities or other investments would be classified within Level 2 or Level 3 of the hierarchy. The Plan had no Level 2 or Level 3 investments at December 31, 2025 or 2024.

There are no assets or liabilities measured at fair value on a nonrecurring basis.


	Fair Value Measurements Using
			Quoted Prices in Active Markets for Identical Assets	Significant Other Observable Inputs	Significant Unobservable Inputs
December 31, 2025	Fair Value		(Level 1)	(Level 2)	(Level 3)
Common Stock	$	25,069,857	25,069,857	—	—
Mutual Funds	206,687,735		206,687,735	—	—
Self-directed brokerage fund	5,171,145		5,171,145
Total assets in fair value hierarchy	236,928,737		236,928,737	—	—
Investments measured at NAV 1	16,727,821		—	—	—
Investments at Fair Value	$	253,656,558	236,928,737	—	—
December 31, 2024
Common Stock	$	25,685,310	25,685,310	—	—
Mutual Funds	169,796,520		169,796,520	—	—
Self-directed brokerage fund	1,776,956		1,776,956
Total assets in fair value hierarchy	197,258,786		197,258,786	—	—
Investments measured at NAV 1	16,752,607		—	—	—
Investments at Fair Value	$	214,011,393	197,258,786	—	—

The following table summarizes investments for which fair value is measured using the NAV per share practical expedient as of December 31, 2025.

December 31, 2025

December 31, 2024

Unfunded Commitments

Redemption Frequency

Managed Income Portfolio II Class 1

16,727,821

16,752,607

—

Daily

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

The entire disclosure for fair value of investment held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, fair value measured at net asset value per share as practical expedient (NAV).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 962
-SubTopic 325
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478873/962-325-55-17

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 6A
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Section 50
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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-Section 45
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477509/962-325-45-6

+ Details

Net Assets and Investments

12 Months Ended

Dec. 31, 2025

EBP 001

EBP, Investment, Fair Value and NAV [Line Items]

Net Assets and Investments

All assets in the Plan sponsored by Murphy Oil Corporation are associated only with The Murphy Oil Corporation 401(k) Plan. Fidelity Management Trust Company (FMTC), Boston, Massachusetts, is the Trustee for Plan assets.

The following table presents the net assets of the Plan as of December 31, 2025 and 2024.


	2025		2024
Investments, at fair value

Common Stock
Murphy Oil Corporation	$	18,799,163	$	16,020,919
Murphy USA Inc.	6,270,694		9,664,391
Total common stock	25,069,857		25,685,310
Common/collective trust	16,727,821		16,752,607
Self-directed brokerage fund	5,171,145		1,776,956
Mutual funds	206,687,735		169,796,520
Notes receivable from participants	2,366,554		2,205,448
Participant contributions receivable	—		252,679
Employer contributions receivable	—		213,856

Net assets	$	256,023,112	$	216,683,376

The Plan invests in Management Income Portfolio II (MIP II), a common collective trust fund (CCT) managed by FMTC. FMTC maintains the contributions in a general account. Participant transactions (purchases and sales) may occur daily. The CCT had no unfunded commitments as of December 31, 2025 and 2024. The CCT has no redemption notice period, but does have a 90 days restriction for amounts transferred to a competing fund.

Net asset value (NAV) as reported to the Plan by FMTC, represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at NAV. There are no reserves against NAV for credit risk of the contract issuer or otherwise.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Statement of Changes in Net Assets Available for Benefits - EBP 001	12 Months Ended
	Dec. 31, 2025 USD ($)
Investment income:
Interest and dividend income	$ 7,535,859
Net appreciation in fair value of investments	26,386,349
Total investment income	33,922,208
Interest income on notes receivable from participants	173,593
Contributions:
Employer	6,854,413
Participants	10,660,577
Rollovers from other plans	4,348,866
Total contributions	21,863,856
Total additions	55,959,657
Deductions
Benefits paid to participants	16,540,435
Administrative expense	79,486
Total deductions	16,619,921
Net increase for the year	39,339,736
Net assets available for benefits:
Beginning of year	216,683,376
End of year	$ 256,023,112

Investments at Fair Value - Investments Measured Using NAV (Details) - EBP 001 - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	$ 253,656,558	$ 214,011,393
Unfunded Commitments	$ 0	0
Redemption, notice period	1 day
NAV
EBP, Investment, Fair Value and NAV [Line Items]
Investments, at fair value	$ 16,727,821	$ 16,752,607

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Cover	12 Months Ended
Cover	Dec. 31, 2025
Document Information [Line Items]
Document Type	11-K
Entity Registrant Name	MURPHY OIL CORPORATION
Amendment Flag	false
Entity Central Index Key	0000717423
EBP 001
Document Information [Line Items]
Document Type	11-K
Entity Registrant Name	MURPHY OIL CORPORATION
Amendment Flag	false
Entity Central Index Key	0000717423

Investment Options	12 Months Ended
Investment Options	Dec. 31, 2025
EBP 001
EBP, Description of Plan [Line Items]
Investment Options	Investment Options Each Plan participant may invest contributions in one or more of investment options available under the Plan. As of December 31, 2025 and 2024, the Plan offered 29 and 28 investment options, respectively. The Plan offers investments in common stock, common collective trust funds, mutual funds and a self-directed brokerage account feature (BrokerageLink). The Murphy Stock Fund (MSF), which is managed by FMTC, is a fund comprised of common stock of Murphy Oil Corporation. A participant withdrawing from MSF may elect to receive either cash or Murphy stock. If the participant elects to receive stock, the value of his/her MSF withdrawal is converted to equivalent shares of stock based on the market price at the effective date of withdrawal, and the participant receives the whole shares and cash for any fractional share.

Investment Options (Details) - investmentOption	Dec. 31, 2025	Dec. 31, 2024
EBP 001
EBP, Description of Plan [Line Items]
Employee Benefit Plan, Investment Options, Number	29	28