Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
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. As described in Note K , Murphy periodically makes use of derivative financial and commodity instruments to manage risks associated with existing or anticipated transactions.
There were no outstanding crude oil derivative contracts as of December 31, 2023.
There were no derivative foreign exchange contracts in place as of December 31, 2023.
At December 31, 2023, long-term debt was $1,328.4 million. The fixed-rate notes have a weighted average coupon of 6.2%.
Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Information required by this item appears on pages 65 through 120 of this Form 10-K report.
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PART II
Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None
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