MURPHY OIL CORP

“There were no commodity transactions in place as of December 31, 2025, covering certain future U.S. oil and natural gas sales.”

“There were no derivative foreign exchange contracts in place as of December 31, 2025.”

“At December 31, 2025, long-term debt was $1,382.6 million. The fixed-rate notes have a weighted average coupon of 6.1%. The Company’s previous and Amended RCF agreements provide for variable interest rate borrowings. As of December 31, 2025, we had $100.0 million outstanding under the previous RCF, and a 10% increase in the average interest rate would have increased our quarterly interest expense by approximately $0.3 million. Actual results may vary due to changes in the amount of variable rate debt outstanding.”

“Based on their evaluation, with the participation of the Company’s management, as of December 31, 2025, the principal executive officer and principal financial officer of Murphy Oil Corporation have concluded that the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) were effective to ensure that the information required to be disclosed by Murphy Oil Corporation in reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods sp…”

“(2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on the results of this evaluation, management concluded that the Company’s internal control over financial reporting was effective as of December 31, 2025. KPMG LLP, an independent registered public accounting firm, has made an independent assessment of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2025 and their report is included on page”