MUR — what changed in the latest 10-Q
A section-by-section comparison of MUR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-05 vs the prior 10-Q · 2026-05-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +60 | −45 | ~24 | 38 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-05
•Drilled an oil discovery at Bubale-1X (Block CI-709) exploration well in Côte d’Ivoire;
•Concluded the Hai Su Vang (Golden Sea Lion) appraisal program with the completion of Hai Su Vang-4X (Block 15-2/17) appraisal well, which was expensed as a dry hole;
•Completed drilling operations and initiated completion activities at the Chinook #8 (Walker Ridge 425) development well in the Gulf of America;
•Finalized pipeline installation and launched the FSO (Floating Storage and Offloading vessel) at the Lac Da Vang development project in Vietnam; and
•Brought online six Eagle Ford Shale wells and four Kaybob Duvernay wells.
Text removed vs the prior filing · source: 10-Q · 2026-05-06
•Drilled oil discoveries at Cello #1 (Mississippi Canyon 385) and Banjo #1 (Mississippi Canyon 385) exploration wells in the Gulf of America, and announced dry holes at Civette-1X (Block CI-502) and Caracal-1X (Block CI-102) in Côte d’Ivoire;
•Issued $500.0 million of 6.50% senior notes due 2034 (2034 Notes) and used proceeds to redeem an aggregate $227.5 million of senior notes due in 2027 and 2028;
•Upsized senior unsecured revolving credit facility from $1.35 billion to $2.0 billion and extended maturity from 2029 to 2031;
•Increased the quarterly cash dividend to $0.35 per share, which on an annualized basis would be $1.40 per share.
Subsequent to the first quarter, the Company’s offer for four exploration blocks in offshore Cameroon was accepted, with finalization of the terms pending further discussions with the Republic of Cameroon.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice