Murphy Oil Stock Price, News & Analysis

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.

The Board of Directors of Murphy Oil Corporation (NYSE: MUR) announced a quarterly cash dividend of $0.125 per share, amounting to $0.50 annually. This dividend is scheduled for payment on December 1, 2021, to stockholders of record as of November 15, 2021. Murphy Oil aims to provide reliable energy solutions while maintaining financial discipline and operational excellence.

Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast on November 4, 2021, at 9:00 a.m. EDT to discuss its third quarter 2021 earnings. Financial results will be released before market opens on the same day. Investors can access the webcast via the company's website. The conference ID for dial-in participants is 88455077. Murphy Oil is focused on energy solutions in the oil and natural gas sector, aiming to lead the industry sustainably.