Welcome to our dedicated page for Murphy Oil news (Ticker: MUR), a resource for investors and traders seeking the latest updates and insights on Murphy Oil stock.
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 Corporation (NYSE: MUR) will hold a conference call at 9:00 a.m. EDT on May 4, 2022, to discuss its first quarter 2022 earnings. The financial and operational results will be released before the market opens that day. Investors can access the webcast and presentation materials via the company’s website. For participation, call 888-886-7786 and use conference ID 86484903.
Murphy Oil Corporation (NYSE: MUR) announced the conclusion of drilling at the Cutthroat-1 exploration well located in the Sergipe-Alagoas Basin off the coast of Brazil. No hydrocarbons were found during the drilling, however, the partner group will continue to analyze the data to assess the exploration potential of the area. The Cutthroat-1 well was drilled from a depth of 3,094 meters of water using the Seadrill West Saturn drillship, with ExxonMobil as the operator holding a 50% interest.
Murphy Oil Corporation (NYSE: MUR) has announced that President and CEO Roger W. Jenkins will present at the Scotia Howard Weil Energy Conference on Tuesday, March 22, 2022, at 2:30 p.m. EDT. The live video webcast of the presentation will be accessible via the company’s website. As a leading independent oil and natural gas exploration and production company, Murphy focuses on providing sustainable energy solutions while maintaining a commitment to financial discipline and innovation.
Murphy Oil Corporation (NYSE: MUR) has announced that David R. Looney will retire as Executive Vice President and Chief Financial Officer on June 30, 2022. Thomas J. Mireles, who joined Murphy in 2005, has been elected to take over his duties, bringing extensive experience from various roles within the company. Under Mr. Looney's tenure since 2018, he modernized the financial operations and strengthened the balance sheet. Moving forward, Mr. Mireles will also oversee sustainability initiatives in addition to his new responsibilities.
Murphy Oil Corporation (NYSE: MUR) reported fourth-quarter 2021 financial results, with a net income of $168 million ($1.08 per diluted share) and an adjusted net income of $62 million ($0.40 per diluted share). The company produced 150 MBOEPD, comprising 53% oil volume. For the full year, Murphy achieved a net loss of $74 million but reported an adjusted income of $200 million ($1.29 per diluted share). Notably, Murphy reduced total debt by 17% and increased the quarterly dividend by 20% to $0.15 per share. The company maintained a solid reserve replacement rate of 102% with total proved reserves of 699 MMBOE.
The Board of Directors of Murphy Oil Corporation (NYSE: MUR) has declared a quarterly cash dividend of $0.15 per share, equivalent to $0.60 annually. This represents a 20% increase from the prior quarter. The dividend will be payable on March 1, 2022, to stockholders of record as of February 14, 2022.
Murphy Oil Corporation (NYSE: MUR) announced that CEO Roger W. Jenkins will participate in the Goldman Sachs Global Energy and Clean Technology Conference on January 6, 2022, at 2:00 p.m. EST. This panel discussion will be accessible through a live audio webcast on the company's official website, enhancing visibility within the energy sector. Murphy Oil is dedicated to providing sustainable energy solutions while aiming to positively impact lives for the next century.
Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast on January 27, 2022, at 9:00 a.m. EST to discuss its fourth quarter 2021 earnings. Financial results will be released before the market opens that day. Interested parties can access the webcast through the company's Investor Relations page. The conference ID for the call is 95308225, and the toll-free dial-in number is 888-886-7786.
Murphy Oil Corporation (NYSE: MUR) reported a third-quarter net income of $108 million or $0.70 per diluted share, alongside an adjusted net income of $37 million. The company achieved its $300 million long-term debt reduction goal by redeeming $150 million of senior notes due 2024. Capital expenditures guidance is reduced by $20 million to a midpoint of $680 million. Despite production impacts from Hurricane Ida, Murphy's Gulf of Mexico projects remain on schedule, with production averaging 155 MBOEPD. The company's liquidity stands at approximately $2.1 billion.
Murphy Oil Corporation (NYSE:MUR) announced plans to redeem $150 million of its 6.875% Senior Notes due 2024 on December 2, 2021. The redemption price will be 101.719% of the principal amount, plus accrued interest. Holders will cease accruing interest post-redemption date. This move signals a management strategy to manage debt obligations effectively. The company emphasizes its commitment to financial discipline and long-term energy solutions.