MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED)
+Added: Outlook (Continued)
+Added: As of May 5, 2025, the Company has entered into forward fixed price delivery contracts to manage risk associated with certain future oil and natural gas sales prices as follows:
+Added: Price/MCF Remaining Period
+Added: Area Commodity Type 1
+Added: Start Date End Date
+Added: Canada Natural Gas Fixed price forward sales 40 C$2.75 4/1/2025 12/31/2025
+Added: Canada Natural Gas Fixed price forward sales 50 C$3.03 1/1/2026 12/31/2026
+Added: 1 Fixed price forward sale contracts listed above are accounted for as normal sales and purchases for accounting purposes.
+Added: Price/MCF Remaining Period
+Added: Area Commodity Type Start Date End Date
+Added: United States Natural Gas Fixed price derivative swap 40 $3.58 4/1/2025 6/30/2025
+Added: United States Natural Gas Fixed price derivative swap 60 $3.65 7/1/2025 9/30/2025
+Added: United States Natural Gas Fixed price derivative swap 60 $3.74 10/1/2025 12/31/2025
Forward-Looking Statements
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Factors that could cause one or more of these future events, results or plans not to occur as implied by any forward-looking statement, which consequently could cause actual results or activities to differ materially from the expectations expressed or implied by such forward-looking statements, include, but are not limited to:
−Removed: macro conditions in the oil and gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices;
+Added: macro conditions in the oil and natural gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices;
geopolitical concerns;
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or adverse developments in the U.S.
−Removed: or global capital markets, credit markets, banking system or economies in general, including inflation.
−Removed: For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the U.S.
+Added: or global capital markets, credit markets, banking system or economies in general, including inflation, trade policies, tariffs and other trade restrictions.
+Added: For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Item 1A.
+Added: Risk Factors” in our most recent Annual Report on Form 10-K filed with the U.S.
Securities and Exchange Commission (“SEC”) and on page 40 of this Form 10-Q report, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com.
5 unchanged sentences
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.