Item 3. Legal Proceedings
Item 3. LEGAL PROCEEDINGS
Discussion of the Company’s legal proceedings are included in Note Q beginning on page 101 .
Item 4. MINE SAFETY DISCLOSURES
Not applicable.
28
Table of Contents
PART I
Information about our Executive Officers
The present corporate office, length of service in office, and age at February 1, 2026, for each of the Company’s executive officers are reported in the following listing. Executive officers are elected annually but may be removed from office at any time by the Board.
Eric M. Hambly – Age 51; President and Chief Executive Officer since January 2025. Mr. Hambly served as President and Chief Operating Officer from February 2024 to December 2024. Mr. Hambly also served as Executive Vice President, Operations from 2020 to 2024 and Executive Vice President, Onshore from 2018 to 2020.
Thomas J. Mireles – Age 53; Executive Vice President & Chief Financial Officer since 2022. Mr. Mireles was Senior Vice President, Technical Services from 2018 to 2022. Mr. Mireles also served as the Senior Vice President, Eastern Hemisphere of Murphy Exploration & Production Company from 2016 to 2018.
E. Ted Botner – Age 61; Executive Vice President, General Counsel & Corporate Secretary since February 2024. Mr. Botner served as Senior Vice President, General Counsel & Corporate Secretary from 2020 to 2024. He also served as Vice President, Law & Corporate Secretary from 2015 to 2020.
Daniel R. Hanchera - Age 68; Senior Vice President, Business Development since 2022. Mr. Hanchera served as Senior Vice President, Business Development of Murphy Exploration & Production Company from 2014 to 2022.
Maria A. Martinez – Age 51; Senior Vice President, Human Resources, Administration and Communications since August 2025. Ms. Martinez was Vice President, Human Resources and Administration from 2018 to August 2025.
Atif Riaz - Age 38; Vice President, Investor Relations & Treasurer since November 2025. Mr. Riaz was Vice President & Treasurer from August 2025 to October 2025. He also served as Chief Information & Digital Officer from October 2021 to August 2025 and as General Manager, Process Transformation from 2019 to 2021.
Paul D. Vaughan – Age 59; Vice President & Controller since 2022. Mr. Vaughan was Vice President & Controller, U.S., Central and South America of Murphy Exploration & Production Company from 2017 to 2022.
29
Table of Contents
PART II
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The Company’s common stock is traded on the New York Stock Exchange using “MUR” as the trading symbol. There were 1,808 stockholders of record as of January 31, 2026.
Information on dividends per share by quarter for 2025 and 2024 are reported on page 127 of this Form 10-K report. Dividends are authorized and determined by the Board at its sole discretion and depend upon a number of factors, including available liquidity, market conditions, applicable legal requirements and other factors.
Information concerning securities authorized for issuance under equity compensation plans will be disclosed in our definitive Proxy Statement for the Annual Meeting of Stockholders on May 13, 2026.
Issuer Purchases of Equity Securities
The Board has authorized a share repurchase program whereby the Company can repurchase up to $1,100.0 million of its common stock. Pursuant to the share repurchase program, the Company may repurchase shares through open market purchases, privately negotiated transactions and other means in accordance with federal securities laws. This repurchase program has no time limit and may be suspended or discontinued completely at any time without prior notice as determined by the Company at its discretion and dependent upon a variety of factors.
During the three months ended December 31, 2025, the Company did not repurchase any shares of its common stock. Since the inception of the share repurchase program through the end of the fourth quarter of 2025, the Company has repurchased 15.0 million shares of its common stock in open-market transactions. As of December 31, 2025, the Company had $550.1 million of its common stock remaining available to repurchase under the program.
30
Table of Contents
PART II