QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: The Company is exposed to market risks associated with interest rates, prices of crude oil, natural gas and petroleum products, and foreign currency exchange rates.
−Removed: As described in Note L – Financial Instruments and Risk Management , Murphy makes use of derivative financial and commodity instruments to manage risks associated with existing or anticipated transactions.
−Removed: There were commodity transactions in place as of December 31, 2021, covering certain future U.S.
−Removed: crude oil sales volumes in 2022.
−Removed: A 10% increase in the respective benchmark price of these commodities would have increased the net payable associated with these derivative contracts by approximately $100.9 million, while a 10% decrease would have decreased the recorded payable by a similar amount, resulting in a receivable.
+Added: The Company is exposed to market risks associated with prices of crude oil, natural gas and petroleum products, foreign currency exchange rates and interest rates.
+Added: As described in Note L , Murphy makes use of derivative financial and commodity instruments to manage risks associated with existing or anticipated transactions.
+Added: There were no outstanding crude oil derivative contracts as of December 31, 2022.
There were no derivative foreign exchange contracts in place as of December 31, 2022.
+Added: At December 31, 2022, long-term debt was $1,822.4 million.
+Added: The fixed-rate notes have a weighted average coupon of 6.2%.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.