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Murphy Oil Corp
Murphy Oil's GHG Emissions Data Preview
In 2024, Murphy Oil completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Murphy Oil has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Murphy Oil’s Greenhouse Gas (GHG) Emissions Data
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Insights into Murphy Oil's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofMurphy Oil amounted to1,011,727metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Murphy Oildecreased by 8.98%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Murphy Oil's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Murphy Oil's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Murphy Oil were 986,645 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Murphy Oil reduced its Scope 1 emissions over time?
Since 2019, Murphy Oil's Scope 1 emissions have decreased by 19.13%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Murphy Oil's Scope 1 emissions decreased by 8.93%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Murphy Oil's Scope 2 emissions?
In 2024, Murphy Oil reported Scope 2 greenhouse gas (GHG) emissions of 25,082 tCOâ‚‚e using the location-based method.a
Has Murphy Oil reduced its Scope 2 emissions over time?
Since 2019, Murphy Oil's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 17.35%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year(2023), Murphy Oil's Scope 2 emissions(Location-Based) fell by 10.96% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does Murphy Oil use for Scope 2 reporting?
In 2024, Murphy Oil reported its Scope 2 emissions using the location-based method.a
Murphy Oil's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into Murphy Oil's Value Chain Emissions
In 2024, Murphy Oil reported 23,200,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Murphy Oil includes a breakdown across 1of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Murphy Oil's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Murphy Oil's Scope 3 emissions?
In 2024, Murphy Oil reported total Scope 3 emissions of 23,200,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0%of these emissions originated from upstream activities such as purchased goods and capital goods, while 100%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Murphy Oil's Scope 3 emissions remained relatively stable, indicating that Murphy Oil's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Murphy Oil disclose?
In 2024, Murphy Oil reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Murphy Oil's Scope 3 emissions?
In 2024, the largest contributors to Murphy Oil's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 23,200,000 tCOâ‚‚e(100%)
Murphy Oil's Scope 3 Emissions by Categories
Insights into Murphy Oil’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Murphy Oil reported Scope 1 greenhouse gas (GHG) emissions of 986,645 tCOâ‚‚e and total revenues of USD 3,019 millions. This translates into an emissions intensity of 326.86 tCOâ‚‚e per millions USD.a
Murphy Oil's Scope 1 Emissions Intensity Compared to Peers
How does Murphy Oil's GHG emissions intensity compare to its peers?
In 2024, Murphy Oil reported a Scope 1 emissions intensity of 326.86 tCOâ‚‚e per millions USD. Compared to the peer group median of 332.41, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Murphy Oil rank on GHG emissions intensity within its industry?
In 2024, Murphy Oil ranked 12 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Murphy Oil is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Murphy Oil's Total Carbon Footprint
In 2024, Murphy Oil reported a total carbon footprint of 24,211,727 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.72% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Murphy Oil's total carbon footprint was Scope 3 emissions, accounting for 95.82% of the company's total carbon footprint, followed by Scope 1 emissions at 4.08%.a