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Murphy Oil Corp. - MUR STOCK NEWS

Welcome to our dedicated news page for Murphy Oil (Ticker: MUR), a resource for investors and traders seeking the latest updates and insights on Murphy Oil.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Murphy Oil's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Murphy Oil's position in the market.

Rhea-AI Summary
Murphy Oil Corporation (NYSE: MUR) has announced the promotion of Eric M. Hambly to President and Chief Operating Officer and E. Ted Botner to Executive Vice President, effective February 1, 2024. Mr. Hambly has been with Murphy for 18 years, playing a vital role in global exploration and production operations. He holds bachelor’s and master’s degrees in chemical engineering and has completed the Advanced Management Program at Harvard Business School. Mr. Botner, who joined Murphy in 2001 as an attorney, has been promoted in recognition of his longstanding legal counsel and contributions to the company. The CEO, Roger W. Jenkins, expressed commitment to the company’s strategy and strengthening the balance sheet to reward shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
none
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Rhea-AI Summary
Murphy Oil Corporation (NYSE: MUR) achieved its 2023 debt reduction goal of $500 million, repurchased $150 million of shares, and increased its dividend by 9 percent. The company achieved a 139 percent total reserve replacement ratio with preliminary proved reserves of 724 MMBOE. Net income for the fourth quarter was $116 million, or $0.75 per diluted share, and $662 million for the full year 2023, or $4.22 per diluted share. The company has reduced its total debt to $1.3 billion, repurchased 3.4 million shares, and increased its quarterly cash dividend by 10 percent. Murphy's preliminary year-end 2023 proved reserves were 724 MMBOE, with 36 percent oil and 41 percent liquids. The company's 2024 capital expenditure plan is expected to be in the range of $920 million to $1.02 billion, with full year 2024 production expected to be in the range of 180 to 188 MBOEPD.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
earnings
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Rhea-AI Summary
Murphy Oil Corporation (MUR) has declared a quarterly cash dividend of $0.30 per share, totaling $1.20 per share on an annualized basis. The dividend will be paid on March 4, 2024, to stockholders of record as of February 20, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
dividends
Rhea-AI Summary
Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast on January 25, 2024, to discuss fourth quarter 2023 earnings. The company plans to release its financial and operating results before the market opens that morning.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
Tags
earnings
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Rhea-AI Summary
Murphy Oil Corporation (NYSE: MUR) announced the early tender results of its series of tender offers to purchase certain outstanding senior notes. The company amended the offers to increase the maximum subcap for the 5.875% Senior Notes due 2027. As of the Early Tender Date, the aggregate principal amount of each series of Notes listed has been validly tendered. The Tender Offers are scheduled to expire on December 5, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
none
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Rhea-AI Summary
Murphy Oil Corporation (NYSE: MUR) has announced a series of tender offers to purchase up to $250 million aggregate principal amount of its outstanding senior notes. The tender offers will expire on December 5, 2023, and the company reserves the right to increase or decrease the Maximum Aggregate Cap at any time. The purpose of the tender offers is to reduce the company's total debt and interest expense.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.48%
Tags
none
Rhea-AI Summary
Murphy Oil Corporation (NYSE: MUR) exceeded the upper end of its guidance range with production of 202 thousand barrels of oil equivalent per day (MBOEPD) in the third quarter of 2023. The company also sanctioned the Lac Da Vang field development project in Vietnam, executed $249 million of debt reduction, and repurchased $75 million of shares outstanding. Net income attributable to Murphy was $255 million, or $1.63 net income per diluted share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.97%
Tags
buyback earnings
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Rhea-AI Summary
Murphy Oil Corporation declares quarterly cash dividend of $0.275 per share, positive for stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.08%
Tags
dividends
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Rhea-AI Summary
Murphy Oil Corporation to discuss third quarter 2023 earnings on November 2, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
Tags
earnings
Rhea-AI Summary
Murphy Oil Corporation closes divestment of non-core assets, receives cash proceeds of C$141 million ($104 million). Will redeem all outstanding 5.750% Senior Notes due 2025 on October 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.95%
Tags
none
Murphy Oil Corp.

NYSE:MUR

MUR Rankings

MUR Stock Data

6.97B
144.05M
6.05%
79.73%
4.89%
Petroleum Refineries
Manufacturing
Link
US
Houston

About MUR

murphy oil corporation is an independent exploration and production company with a strong oil-weighted portfolio of global offshore and onshore assets with upside to our exploration program. our global offshore operations are balanced by a predictable north america onshore business. exploration activities are focused in four main regions: deepwater gulf of mexico, the atlantic margin, southeast asia and australia.