Drilled an Oil Discovery at Hai Su Vang-1X in Offshore Vietnam, Increased Dividend 8 Percent in 2025, Repurchased $300 Million of Shares in Accordance With Capital Allocation Framework, Maintained Reserve Life of 11 Years With Preliminary Proved Reserves of 713 MMBOE Murphy Oil Corporation (NYSE:MUR) today announced its financial and operating results for the fourth quarter ended December 31, 2024, including net income attributable to Murphy of $50 million, or $0.34 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $51 million, or $0.35 adjusted net income per diluted shar

The Board of Directors of Murphy Oil Corporation (NYSE:MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.325 per share, or $1.30 per share on an annualized basis. The dividend is payable on March 3, 2025, to stockholders of record as of February 18, 2025. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murp

Murphy Oil Corporation (NYSE:MUR) today announced that its subsidiary has drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2/17 in the Cuu Long Basin, located 40 miles offshore Vietnam. The well was drilled to total depth of 13,124 feet in 149 feet of water. Hai Su Vang-1X encountered approximately 370 feet of net oil pay from two reservoirs. Additional evaluation is ongoing and future appraisal drilling will be conducted. Hai Su Vang is one of multiple exploration prospects that Murphy has identified in the basin. The findings announced today could form the basis for future development of the Hai Su Vang field. Murphy's subsidiary, Murphy Cuu Long Tay Oil C

Murphy Oil Corporation (NYSE:MUR) today announced that Eric M. Hambly, President and Chief Executive Officer, will participate on a panel at the Goldman Sachs Energy, CleanTech & Utilities Conference 2025 on Wednesday, January 8 at 3:00 p.m. Eastern Standard Time (EST). The webcast will be available on the company's website at http://ir.murphyoilcorp.com. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financi

Murphy Oil Corporation (NYSE:MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Standard Time (EST) on Thursday, January 30, 2025 to discuss fourth quarter 2024 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be posted to the Investor Relations page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, January 30, 2025 Time: 9:00 a.m. EST Toll Free Dial-in: 800-717-1738 Conference ID: 18687 ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes

Repurchased $194 Million of Shares Outstanding, Initiated Vietnam Exploration Program Murphy Oil Corporation (NYSE:MUR) today announced its financial and operating results for the third quarter ended September 30, 2024, including net income attributable to Murphy of $139 million, or $0.93 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $111 million, or $0.74 adjusted net income per diluted share. Unless otherwise noted, the financial and operating highlights and metrics discussed in this commentary exclude noncontrolling interest (NCI).1 Highlights for the third quarter

Murphy Oil Corporation (NYSE:MUR) ("Murphy" or the "Company") announced today the early tender results of its previously announced series of tender offers (the "Tender Offers") to purchase for cash up to $600,000,000 aggregate principal amount (the "Maximum Aggregate Cap") of certain of its outstanding series of senior notes listed in the table below (collectively, the "Notes"). The Tender Offers are being made pursuant to the terms and conditions set forth in the Offer to Purchase, dated September 19, 2024 (the "Offer to Purchase"). The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers. As of 5:00 p.m., New York City time, on Octo

Murphy Oil Corporation (NYSE:MUR) announced today the election of Robert B. Tudor, III, to the Company's Board of Directors, effective October 2, 2024. Mr. Tudor is the founder and CEO of Artemis Energy Partners, an investing and advisory platform focused on companies involved in the global energy markets. He is also a retired Founder and CEO of Tudor, Pickering, Holt & Co. Prior to forming TPH, Mr. Tudor was a Partner at Goldman Sachs and a leader of its worldwide energy practice. Mr. Tudor is currently the Chairman of the Houston Energy Transition Initiative, which is a consortium of Houston's leading energy companies working to shape the region's Energy Transition Strategy. He also ser

Roger W. Jenkins Set to Retire After 11 Years as Chief Executive Officer Murphy Oil Corporation (NYSE:MUR) today announced today that its Board of Directors has appointed Eric M. Hambly, Murphy's current President and Chief Operating Officer, to succeed Roger W. Jenkins as the company's President and Chief Executive Officer, effective January 1, 2025. In addition, Mr. Hambly will become a member of the Board of Directors. Mr. Jenkins will retire from the Board on December 31, 2024. He will remain with Murphy in a non-executive role as an advisor until his retirement on December 31, 2025. Mr. Hambly holds both bachelor's and master's degrees in chemical engineering from Brigham Young Unive

The Board of Directors of Murphy Oil Corporation (NYSE:MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.30 per share, or $1.20 per share on an annualized basis. The dividend is payable on December 2, 2024, to stockholders of record as of November 18, 2024. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murp

Drilled an Oil Discovery at Hai Su Vang-1X in Offshore Vietnam, Increased Dividend 8 Percent in 2025, Repurchased $300 Million of Shares in Accordance With Capital Allocation Framework, Maintained Reserve Life of 11 Years With Preliminary Proved Reserves of 713 MMBOE Murphy Oil Corporation (NYSE:MUR) today announced its financial and operating results for the fourth quarter ended December 31, 2024, including net income attributable to Murphy of $50 million, or $0.34 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $51 million, or $0.35 adjusted net income per diluted shar

The Board of Directors of Murphy Oil Corporation (NYSE:MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.325 per share, or $1.30 per share on an annualized basis. The dividend is payable on March 3, 2025, to stockholders of record as of February 18, 2025. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murp

Murphy Oil Corporation (NYSE:MUR) today announced that its subsidiary has drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2/17 in the Cuu Long Basin, located 40 miles offshore Vietnam. The well was drilled to total depth of 13,124 feet in 149 feet of water. Hai Su Vang-1X encountered approximately 370 feet of net oil pay from two reservoirs. Additional evaluation is ongoing and future appraisal drilling will be conducted. Hai Su Vang is one of multiple exploration prospects that Murphy has identified in the basin. The findings announced today could form the basis for future development of the Hai Su Vang field. Murphy's subsidiary, Murphy Cuu Long Tay Oil C

Murphy Oil Corporation (NYSE:MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Standard Time (EST) on Thursday, January 30, 2025 to discuss fourth quarter 2024 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be posted to the Investor Relations page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, January 30, 2025 Time: 9:00 a.m. EST Toll Free Dial-in: 800-717-1738 Conference ID: 18687 ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes

Repurchased $194 Million of Shares Outstanding, Initiated Vietnam Exploration Program Murphy Oil Corporation (NYSE:MUR) today announced its financial and operating results for the third quarter ended September 30, 2024, including net income attributable to Murphy of $139 million, or $0.93 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $111 million, or $0.74 adjusted net income per diluted share. Unless otherwise noted, the financial and operating highlights and metrics discussed in this commentary exclude noncontrolling interest (NCI).1 Highlights for the third quarter

Murphy Oil Corporation (NYSE:MUR) ("Murphy" or the "Company") announced today the early tender results of its previously announced series of tender offers (the "Tender Offers") to purchase for cash up to $600,000,000 aggregate principal amount (the "Maximum Aggregate Cap") of certain of its outstanding series of senior notes listed in the table below (collectively, the "Notes"). The Tender Offers are being made pursuant to the terms and conditions set forth in the Offer to Purchase, dated September 19, 2024 (the "Offer to Purchase"). The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers. As of 5:00 p.m., New York City time, on Octo

Roger W. Jenkins Set to Retire After 11 Years as Chief Executive Officer Murphy Oil Corporation (NYSE:MUR) today announced today that its Board of Directors has appointed Eric M. Hambly, Murphy's current President and Chief Operating Officer, to succeed Roger W. Jenkins as the company's President and Chief Executive Officer, effective January 1, 2025. In addition, Mr. Hambly will become a member of the Board of Directors. Mr. Jenkins will retire from the Board on December 31, 2024. He will remain with Murphy in a non-executive role as an advisor until his retirement on December 31, 2025. Mr. Hambly holds both bachelor's and master's degrees in chemical engineering from Brigham Young Unive

The Board of Directors of Murphy Oil Corporation (NYSE:MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.30 per share, or $1.20 per share on an annualized basis. The dividend is payable on December 2, 2024, to stockholders of record as of November 18, 2024. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murp

Murphy Oil Corporation (NYSE:MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Standard Time (EST) on Thursday, November 7, 2024 to discuss third quarter 2024 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be posted to the Investor Relations page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, November 7, 2024 Time: 9:00 a.m. EST Toll Free Dial-in: 800-717-1738 Conference ID: 41884 ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in p

Murphy Oil Corporation (the "Company") (NYSE:MUR) announced today that it has priced an offering of $600 million of 6.000% Senior Notes due 2032 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission ("SEC"). The Company expects to close the offering on October 3, 2024, subject to customary closing conditions, and expects to use the net proceeds from the offering, together with cash on hand, to (i) fund the previously announced cash tender offers (the "Tender Offers") to purchase up to $600 million aggregate principal amount of its outstanding 5.875% Senior Notes due 2027, 6.375% Senior Notes due 2028 and 7.050% Senior Notes due 2

Truist downgraded Murphy Oil from Buy to Hold and set a new price target of $31.00 from $42.00 previously

Morgan Stanley downgraded Murphy Oil from Equal-Weight to Underweight and set a new price target of $37.00

JP Morgan downgraded Murphy Oil from Overweight to Neutral and set a new price target of $47.00 from $50.00 previously

Wolfe Research resumed coverage of Murphy Oil with a rating of Peer Perform

Scotiabank downgraded Murphy Oil from Sector Outperform to Sector Perform

Barclays initiated coverage of Murphy Oil with a rating of Equal Weight and set a new price target of $54.00

ROTH MKM reiterated coverage of Murphy Oil with a rating of Buy

KeyBanc Capital Markets initiated coverage of Murphy Oil with a rating of Overweight and set a new price target of $47.00

UBS initiated coverage of Murphy Oil with a rating of Neutral and set a new price target of $45.00

Jefferies upgraded Murphy Oil from Hold to Buy and set a new price target of $41.00