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Companies Murphy OIL Corp

Murphy OIL (MUR): executive pay, fiscal 2025

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CEO total pay$7,651,445CEO Eric Hambly · source
Say-on-pay support98.88%Latest vote · source
CEO vs. named peers15th pct.Of 15 peer CEOs
CEO pay ratio38:1To the median employee · source

CEO pay, last three years

  • $4,556,315FY2023
  • $4,775,630FY2024
  • $7,651,445FY2025

CEO total pay was $7,651,445 in fiscal 2025, up from $4,775,630 in fiscal 2024.

FY2025: salary $950,000 · bonus $0 · stock awards $4,917,315 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Murphy OIL Corp in fiscal 2025?
As disclosed, Eric Hambly (President and Chief Executive Officer) was the highest-paid executive at Murphy OIL Corp in fiscal 2025, with total compensation of $7,651,445.
How does Murphy OIL Corp's chief executive pay compare to its disclosed peer group?
As disclosed, Eric Hambly's total compensation ranked at the 15th percentile of Murphy OIL Corp's disclosed peer group.
What is Murphy OIL Corp's CEO-to-median employee pay ratio?
As disclosed, Murphy OIL Corp's CEO-to-median employee pay ratio was 38:1.
How did shareholders vote on Murphy OIL Corp's executive compensation?
As disclosed, 98.88% of shareholders supported Murphy OIL Corp's executive compensation in the latest say-on-pay vote.
How much does Murphy OIL Corp spend in total on board compensation for fiscal 2025?
As disclosed, Murphy OIL Corp reported total board compensation of $2,964,197 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Eric Hambly$950,000$0$4,917,315$0$1,324,063$401,447$58,620$7,651,445
President and Chief Executive Officer
Thomas Mireles627,50002,504,1990702,450424,07239,2704,297,491
Executive Vice President and Chief Financial Officer
E. Ted Botner524,30801,457,1120469,192563,27933,0793,046,970
Executive Vice President, General Counsel and Corporate Secretary
Daniel Hanchera460,2750835,8490411,569163,28329,1081,900,084
Senior Vice President
Maria Martinez423,2420557,2200343,420124,92326,7661,475,571
Senior Vice President

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Eric Hambly$7,651,445$4,775,630$4,556,315↑ +2,875,815
Thomas Mireles4,297,4914,502,3784,521,177↓ −204,887
E. Ted Botner3,046,9703,289,7933,391,119↓ −242,823
Daniel Hanchera1,900,0842,160,0732,180,864↓ −259,989
Maria Martinez1,475,571———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Company’s executive compensation program is designed to attract, motivate, and retain the Named Executive Officers who are critical to the Company’s success. Under these programs, the Named Executive Officers are rewarded for the achievement of specific annual, long-term and strategic goals, corporate goals, and the realization of increased stockholder value.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners LLC
Clawback policytrue
Anti-hedging—
Anti-pledging—
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
E. Ted BotnerPSU2025-02-044,6209,240—18,480$240,055
Daniel HancheraRSU2025-02-04——13,860—360,083
Daniel HancheraPSU2025-02-048,31516,630—33,260367,689
Maria MartinezRSU2025-02-04——9,240—240,055
Thomas MirelesPSU2025-02-047,94015,880—31,760412,562
Thomas MirelesRSU2025-02-04——26,460—687,431
Eric HamblyPSU2025-02-0415,59031,180—62,360810,056
Daniel HancheraPSU2025-02-042,0804,160—8,320108,077
Eric HamblyPSU2025-02-0462,355124,710—249,4202,757,338
Maria MartinezPSU2025-02-045,54511,090—22,180245,200
E. Ted BotnerPSU2025-02-0418,47536,950—73,900816,965
Eric HamblyRSU2025-02-04——51,960—1,349,921
Maria MartinezPSU2025-02-041,3852,770—5,54071,965
Thomas MirelesPSU2025-02-0431,75563,510—127,0201,404,206
E. Ted BotnerRSU2025-02-04——15,400—400,092

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
E. Ted Botner$400,092$1,057,020$072.5%
Daniel Hanchera360,083475,766056.9%
Maria Martinez240,055317,165056.9%
Thomas Mireles687,4311,816,768072.5%
Eric Hambly1,349,9213,567,394072.5%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Maria MartinezPSU22,279—$696,233
Maria MartinezRSU32,425—1,013,297
Daniel HancheraPSU37,281—1,165,031
Daniel HancheraRSU45,478—1,421,175
E. Ted BotnerRSU60,433—1,888,519
E. Ted BotnerPSU80,682—2,521,301
Thomas MirelesRSU106,763—3,336,341
Eric HamblyRSU135,365—4,230,148
Thomas MirelesPSU142,334—4,447,949
Eric HamblyPSU228,151—7,129,710
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Claiborne P. DemingIndependent · Board Chair$165,000$275,058$0$0$7,500$447,558
R. Madison MurphyIndependent · Finance (Chair) · Health, Safety, Environment and Corporate Responsibility110,000200,0200030,000358,308
Jeffrey W. NolanIndependent · Compensation · Finance · Nominating and Governance (Chair)99,375200,0200030,000329,395
Laura A. SuggIndependent · Compensation (Chair) · Finance · Nominating and Governance110,000200,0200015,000325,020
Robert N. Ryan JrIndependent · Compensation90,000200,0200030,000320,020
Lawrence R. DickersonIndependent · Audit (Chair) · Nominating and Governance117,000200,020000317,020
Elisabeth W. KellerIndependent · Audit · Health, Safety, Environment and Corporate Responsibility (Chair) · Nominating and Governance105,000200,020000305,020
Michelle A. EarleyIndependent · Audit · Compensation · Health, Safety, Environment and Corporate Responsibility90,000200,02000104290,124
Robert B. Tudor IIIIndependent · Audit90,000200,020000290,020

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$200,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 20,000 / 15,000
Stock ownership guideline$5

Total cost of the board

ComponentFY2025
Cash retainers and fees$976,375
Equity awards (grant-date value)$1,875,218
All other compensation$112,604
Total cost of the board$2,964,197

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Murphy OIL as a peer

Companies that benchmark against MUR

20 companies name MUR as a compensation peer

Each company listed discloses MUR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MUR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Murphy OIL Corp names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1EOG Resources, Inc.2025Ezra Yacob$1,434,615$12,729,628$0$2,718,800$17,576,636
2Diamondback Energy, Inc.2025Kaes Van t Hof1,109,50011,101,46202,676,35014,931,423
3Ovintiv Inc.2025Brendan McCracken1,185,0009,900,00502,136,75013,693,140
4APA Corporation2025John Christmann IV1,300,0006,018,4361,897,9963,454,36013,202,517
5Devon Energy Corporation2025Clay Gaspar938,1259,633,68901,612,00012,566,384
6Permian Resources Corporation2025William Hickey III011,432,8420011,432,842
7Expand Energy Corporation2025Domenic Dell'Osso947,3468,890,444——9,879,106
8Matador Resources Company2025Joseph Foran1,800,0004,222,40003,726,0009,775,611
9Talos Energy, Inc.2025Paul Goodfellow819,5556,513,94801,870,7819,351,093
10Chord Energy Corporation2025Daniel Brown850,0006,362,91001,275,0008,567,235
11Range Resources Corporation2025Dennis Degner932,5006,143,87701,128,0008,375,421
12Murphy OIL Corp2025Eric Hambly950,0004,917,31501,324,0637,651,445
13Kosmos Energy Ltd.2025Andrew Inglis1,196,6813,715,420004,976,958
14SM Energy Company2025Elizabeth McDonald576,3692,299,9950536,0244,475,172
—Spdr S P Oil Gas Exploration Production ETF——————not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Murphy OIL Corpnot disclosednot disclosednot disclosedMeridian Compensation Partners LLC
APA Corporation189.8%PSU 60 · Options 20 · RSU 20Yes — Relative TSRPearl Meyer & Partners, LLC
Chord Energy Corporationnot disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Devon Energy Corporation124%PSU 60 · RSU 40Yes — Relative TSRMeridian Compensation Partners, LLC
Diamondback Energy, Inc.161%PSU 60 · RSU 40Yes — Total Stockholder Return (relative to TSR performance peer group)Meridian
EOG Resources, Inc.125%PSU 60 · RSU 40Yes — Relative TSR vs Performance Peer GroupMeridian Compensation Partners, LLC
Expand Energy Corporationnot disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
Kosmos Energy Ltd.not disclosedPSU 67 · RSU 33not disclosedMeridian Compensation Partners, LLC
Matador Resources Companynot disclosedCash LTI 50 · PSU 50NoMeridian Compensation Partners, LLC
Ovintiv Inc.140%RSU 50 · PSU 50Yes — Relative TSRFW Cook
Permian Resources Corporation150%PSU 100Yes — Relative TSRMeridian Compensation Partners, LLC
Range Resources Corporationnot disclosedPSU 60 · RSU 40Yes — Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
SM Energy Company93%PSU 60 · RSU 40Yes — Absolute TSRFrederic W. Cook & Co., Inc.
Spdr S P Oil Gas Exploration Production ETFnot disclosednot disclosednot disclosednot disclosed
Talos Energy, Inc.not disclosedRSU 50 · PSU 50not disclosedMeridian

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-13117,714,410988,954346,86198.88%Passed
20252025-05-14112,573,5817,030,317568,54394.12%Passed
20242024-05-08123,604,5981,684,081214,47898.66%Passed
20232023-05-10122,813,9192,586,070283,13597.94%Passed
20222022-05-11125,268,6261,567,495182,86598.76%Passed
20212021-05-1294,391,41121,438,879285,05881.49%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-05-1398.88%a
20252025-05-1494.12%b
20242024-05-0898.66%c

a. Approved under the standard stated in the filing — “Abstentions have the same effect of votes "AGAINST" a proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not counted as votes cast and have no effect on the outcome of any of the proposals.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not counted as votes cast and have no effect on the outcome of any of the proposals.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)38 : 1
CEO total compensation$7,651,445
Median employee compensation$203,493
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (60 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Eric Hambly. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · page 35. As printed: 7,651,445. View filing ↗
  • Section 01, Thomas Mireles. DEF 14A, filed 2026-03-27. Section “Executive Compensation”. As printed: 4,297,491. View filing ↗
  • Section 01, E. Ted Botner. DEF 14A, filed 2026-03-27. Section “Executive Compensation”. As printed: 3,046,970. View filing ↗
  • Section 01, Daniel Hanchera. DEF 14A, filed 2026-03-27. Section “Executive Compensation”. As printed: 1,900,084. View filing ↗
  • Section 01, Maria Martinez. DEF 14A, filed 2026-03-27. Section “Executive Compensation”. As printed: 1,475,571. View filing ↗
  • Section 03, E. Ted Botner PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Daniel Hanchera RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Daniel Hanchera PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Maria Martinez RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Mireles PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Mireles RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Eric Hambly PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Daniel Hanchera PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Eric Hambly PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Maria Martinez PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, E. Ted Botner PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Eric Hambly RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Maria Martinez PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Mireles PSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, E. Ted Botner RSU. DEF 14A, filed 2026-03-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-03-27. Section “CEO Pay Ratio”. As printed: 38 : 1. View filing ↗
  • Section 08, Claiborne P. Deming. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 447,558. View filing ↗
  • Section 08, R. Madison Murphy. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 358,308. View filing ↗
  • Section 08, Jeffrey W. Nolan. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 329,395. View filing ↗
  • Section 08, Laura A. Sugg. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 325,020. View filing ↗
  • Section 08, Robert N. Ryan Jr. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 320,020. View filing ↗
  • Section 08, Lawrence R. Dickerson. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 317,020. View filing ↗
  • Section 08, Elisabeth W. Keller. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 305,020. View filing ↗
  • Section 08, Michelle A. Earley. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 290,124. View filing ↗
  • Section 08, Robert B. Tudor III. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 290,020. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-14. Item 5.07 · say-on-pay result. As reported: 98.88% (votes for as printed: 117,714,410). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-15. Item 5.07 · say-on-pay result. As reported: 94.12% (votes for as printed: 112,573,581). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-10. Item 5.07 · say-on-pay result. As reported: 98.66% (votes for as printed: 123,604,598). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 976,375 + equity 1,875,218 + all other 112,604 = 2,964,197, summed across the director compensation table rows.
  • EOG Resources, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in EOG Resources, Inc.'s own proxy. As printed: 17,576,636. View filing ↗
  • Diamondback Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Diamondback Energy, Inc.'s own proxy. As printed: 14,931,423. View filing ↗
  • Ovintiv Inc., Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Ovintiv Inc.'s own proxy. As printed: 13,693,140. View filing ↗
  • APA Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in APA Corporation's own proxy. As printed: 13,202,517. View filing ↗
  • Devon Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-05-28. CEO total compensation as printed in Devon Energy Corporation's own proxy. As printed: 12,566,384. View filing ↗
  • Permian Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Permian Resources Corporation's own proxy. As printed: 11,432,842. View filing ↗
  • Expand Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Expand Energy Corporation's own proxy. As printed: 9,879,106. View filing ↗
  • Matador Resources Company, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Matador Resources Company's own proxy. As printed: 9,775,611. View filing ↗
  • Talos Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in Talos Energy, Inc.'s own proxy. As printed: 9,351,093. View filing ↗
  • Chord Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Chord Energy Corporation's own proxy. As printed: 8,567,235. View filing ↗
  • Range Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Range Resources Corporation's own proxy. As printed: 8,375,421. View filing ↗
  • Murphy OIL Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Murphy OIL Corp's own proxy. As printed: 7,651,445. View filing ↗
  • Kosmos Energy Ltd., Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in Kosmos Energy Ltd.'s own proxy. As printed: 4,976,958. View filing ↗
  • SM Energy Company, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in SM Energy Company's own proxy. As printed: 4,475,172. View filing ↗
  • Section 10a, Permian Resources Corporation reciprocity. DEF 14A. Permian Resources Corporation names Murphy OIL Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Expand Energy Corporation reciprocity. DEF 14A. Expand Energy Corporation names Murphy OIL Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Matador Resources Company reciprocity. DEF 14A. Matador Resources Company names Murphy OIL Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Chord Energy Corporation reciprocity. DEF 14A. Chord Energy Corporation names Murphy OIL Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Kosmos Energy Ltd. reciprocity. DEF 14A. Kosmos Energy Ltd. names Murphy OIL Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Range Resources Corporation reciprocity. DEF 14A. Range Resources Corporation names Murphy OIL Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, SM Energy Company reciprocity. DEF 14A. SM Energy Company names Murphy OIL Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Ovintiv Inc. reciprocity. DEF 14A. Ovintiv Inc. names Murphy OIL Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Talos Energy, Inc. reciprocity. DEF 14A. Talos Energy, Inc. names Murphy OIL Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, APA Corporation reciprocity. DEF 14A. APA Corporation names Murphy OIL Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
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