Murphy Oil Corporation operates as an independent oil and natural gas company with a multi-basin onshore and offshore portfolio. Company news centers on quarterly financial and operating results, production guidance, commodity-price exposure, dividends, capital allocation, balance sheet activity, and updates from onshore assets in the Eagle Ford Shale, Tupper Montney, and Kaybob Duvernay.
Recurring updates also cover offshore exploration and development in the Gulf of America, Canada, Vietnam, and Côte d’Ivoire, including project activity around Lac Da Vang in Vietnam and exploration wells in the Gulf of America and Côte d’Ivoire. The company’s releases often connect operating execution with shareholder returns, liquidity, debt management, and long-cycle development priorities.
Murphy Oil (MUR) entered the Eastern Mediterranean following the Government of Israel's award of six exploration licenses in Zone G. A Murphy subsidiary and Ratio Energies will each hold 50 percent, with Murphy serving as operator. Zone G spans approximately 1,700 square kilometers offshore Israel. The partners will now evaluate its exploration potential.
Murphy Oil (MUR) reported third-quarter 2026 production of 186,500 barrels of oil equivalent per day, exceeding the high end of guidance. Net income was $171 million, and free cash flow was $48 million, a non-GAAP measure. The company raised full-year production guidance to 176,000–178,000 barrels of oil equivalent per day, up 6,000 at the midpoint, while maintaining capital spending guidance at a $1.55 billion midpoint.
Lac Da Vang achieved first oil on September 27, and Chinook #8 began production late in the quarter. Appraisal at Bubale West-1X confirmed oil, while Vietnam's Lac Da Trang North-1X encountered 131 feet of net oil pay. Fourth-quarter production is expected at 174,000–182,000 barrels of oil equivalent per day; Hurricane Isaias reduced that outlook by approximately 3,700. Quarter-end debt was $1.63 billion, with approximately $500 million in cash and no borrowings under the $2.0 billion revolving credit facility.
Murphy Oil (NYSE: MUR) reported third-quarter 2026 net income of $171.1 million, reversing a loss in the year-earlier quarter. Diluted earnings were $1.17 per share versus a $0.02 loss. Production reached 186,495 barrels of oil equivalent per day, above guidance of 171,000–179,000. Operating cash flow from continuing operations rose to $540.5 million from $339.4 million.
Murphy raised full-year production guidance to 176,000–178,000 barrels of oil equivalent per day, increasing the midpoint by 6,000. It achieved first oil at Lac Da Vang offshore Vietnam, started Chinook #8 production and reported exploration and appraisal results in Vietnam and Côte d’Ivoire. Full-year capital spending guidance is $1.5–$1.6 billion. Total debt reached $1.63 billion, approximately $80 million above the prior quarter following recognition of a vessel finance lease. Liquidity was approximately $2.50 billion, including cash inclusive of noncontrolling interests.
Murphy Oil (NYSE: MUR) signed two production sharing contracts covering the C-10 and Tiof blocks offshore Mauritania. The blocks cover approximately 3.1 million acres. Through its subsidiaries, Murphy will hold a 90 percent working interest and serve as operator; Société Mauritanienne des Hydrocarbures (SMH) will hold the remaining 10 percent carried working interest. Murphy and SMH will further evaluate the blocks' exploration potential.
Murphy Oil (MUR) announced successful appraisal offshore Côte d’Ivoire, an exploration discovery offshore Vietnam and production milestones in two regions. Bubale West-1X encountered oil offshore Côte d’Ivoire, while Lac Da Trang North-1X discovered oil offshore Vietnam. Lac Da Vang achieved first oil on September 27, 2026. In the Gulf of America, Chinook #8 is now producing at an initial gross rate of approximately 15,000 barrels of oil equivalent per day.
Murphy Oil (NYSE: MUR) declared a quarterly cash dividend of $0.35 per common share, payable on December 1, 2026. Stockholders of record as of November 16, 2026, will receive the payment. The dividend equals $1.40 per share on an annualized basis.
Murphy Oil (MUR) will host its third quarter 2026 earnings conference call and webcast on November 5, 2026. The call begins at 9:00 a.m. Eastern Time. The company plans to release financial and operating results after market close on November 4, 2026. A webcast link and presentation materials will be posted to its Investor Relations website.
Murphy Oil (MUR)/b) announced that President and CEO Eric M. Hambly will present at the Barclays 40th Annual Energy-Power Conference on Wednesday, September 9, 2026, at 1:50 p.m. Eastern Time.A live audio webcast and a replay for 30 days will be available on the company’s investor relations website.
Murphy Oil (NYSE:MUR) appointed Michol L. Ecklund as Senior Vice President, Chief Legal Officer and Corporate Secretary, effective August 31, 2026. She will oversee legal, compliance, governance, government affairs, land, sustainability and risk management, and will serve on the company’s Executive Leadership Team, reporting to CEO Eric M. Hambly.
Murphy Oil (MUR) reported second quarter 2026 production of 169,000 BOEPD, with oil at 85,300 BOPD, and generated $110 million of free cash flow, $232 million net income and $593 million adjusted EBITDA. Realized oil prices averaged $99.14 per barrel, up 37% quarter over quarter.
The quarter was highlighted by the Bubale-1X light oil discovery offshore Côte d'Ivoire, where Murphy encountered 100 feet of net oil pay and plans up to five appraisal wells over 18–24 months. Hai Su Vang appraisal in Vietnam resulted in updated gross recoverable resources of 200–300 MMBOE and progression into development planning.
Capital expenditures were $476 million, $86 million above guidance, and full-year 2026 capex guidance midpoint increased from $1.25 billion to $1.55 billion, driven mainly by Bubale appraisal, accelerated Eagle Ford Shale activity and higher Chinook #8 costs. At quarter end, total debt was $1.55 billion, net debt about $1.07 billion, cash $484 million, and $550 million remained under the share repurchase authorization.