Murphy Oil

Murphy Oil Corporation Announces Quarterly Dividend

Retrieved on: 
Wednesday, April 3, 2024
Oil, Gas, Energy, Common stock, MUR, Murphy Oil

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 June 3, 2024, to stockholders of record as of May 20, 2024.

Key Points: 

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 June 3, 2024, to stockholders of record as of May 20, 2024.

Murphy Oil Corporation Schedules First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Monday, April 1, 2024
Energy, Other Energy, Oil, Gas, MUR, EDT, Murphy Oil

Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, May 2, 2024 to discuss first quarter 2024 earnings. The company plans to release its financial and operating results before the market opens that morning.

Key Points: 

Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, May 2, 2024 to discuss first quarter 2024 earnings. The company plans to release its financial and operating results before the market opens that morning.

Generative AI Contracting Copilots Drive Icertis Above $250 Million in Annual Recurring Revenue

Retrieved on: 
Tuesday, March 12, 2024
Software, Technology, Artificial Intelligence, Security, Microsoft, Azure, CLM, Microsoft Azure, Partner, ARR, Trust, Risk, Mercedes-Benz, PSP, History, SAP, AI, Johnson & Johnson, Murphy Oil, Krones, Sales

Icertis , the global leader in AI-powered contract intelligence, today announced that the launch of Icertis Copilots and continued adoption of contract intelligence worldwide have driven the company above $250 million in annual recurring revenue (ARR).

Key Points: 
  • Icertis , the global leader in AI-powered contract intelligence, today announced that the launch of Icertis Copilots and continued adoption of contract intelligence worldwide have driven the company above $250 million in annual recurring revenue (ARR).
  • Icertis Copilots are now the fastest growing products in the history of the business, marking a new milestone following their introduction as the first generative AI applications for enterprise contract management in July 2023.
  • Global leaders such as ALPLA, Krones, and Genpact have selected Icertis Copilots to responsibly leverage generative AI in contract-driven operations, enabling increased efficiency, reduced risk, and substantial cost savings across their enterprises.
  • In 2023, three out of every four deals included Icertis AI products, pointing to increasing trust and measurable value delivered through its reliable, innovative AI models designed for complex contracting.

Generative AI Contracting Copilots Drive Icertis Above $250 Million in Annual Recurring Revenue

Retrieved on: 
Wednesday, February 21, 2024
Murphy Oil, AI, PSP, Icertis, SAP, Azure, Johnson & Johnson, Microsoft Azure, Risk, Krones, ARR, History, Mercedes-Benz, CLM, Trust, Microsoft, Partner, Sales

BELLEVUE, Wash., Feb. 21, 2024 /PRNewswire/ -- Icertis, the global leader in AI-powered contract intelligence, today announced that the launch of Icertis Copilots and continued adoption of contract intelligence worldwide have driven the company above $250 million in annual recurring revenue (ARR). Icertis Copilots are now the fastest growing products in the history of the business, marking a new milestone following their introduction as the first generative AI applications for enterprise contract management in July 2023.

Key Points: 
  • BELLEVUE, Wash., Feb. 21, 2024 /PRNewswire/ -- Icertis , the global leader in AI-powered contract intelligence, today announced that the launch of Icertis Copilots and continued adoption of contract intelligence worldwide have driven the company above $250 million in annual recurring revenue (ARR).
  • Icertis Copilots are now the fastest growing products in the history of the business, marking a new milestone following their introduction as the first generative AI applications for enterprise contract management in July 2023.
  • Global leaders such as ALPLA, Krones, and Genpact have selected Icertis Copilots to responsibly leverage generative AI in contract-driven operations, enabling increased efficiency, reduced risk, and substantial cost savings across their enterprises.
  • "Coupled with our trust in the core Icertis platform, we hope to realize substantial value by responsibly applying generative AI to improve our contract management."

Generative AI Contracting Copilots Drive Icertis Above $250 Million in Annual Recurring Revenue

Retrieved on: 
Wednesday, February 21, 2024
Murphy Oil, AI, PSP, Icertis, SAP, Azure, Johnson & Johnson, Microsoft Azure, Risk, Krones, ARR, History, Mercedes-Benz, CLM, Trust, Microsoft, Partner, Sales

BELLEVUE, Wash., Feb. 21, 2024 /PRNewswire/ -- Icertis, the global leader in AI-powered contract intelligence, today announced that the launch of Icertis Copilots and continued adoption of contract intelligence worldwide have driven the company above $250 million in annual recurring revenue (ARR). Icertis Copilots are now the fastest growing products in the history of the business, marking a new milestone following their introduction as the first generative AI applications for enterprise contract management in July 2023.

Key Points: 
  • BELLEVUE, Wash., Feb. 21, 2024 /PRNewswire/ -- Icertis , the global leader in AI-powered contract intelligence, today announced that the launch of Icertis Copilots and continued adoption of contract intelligence worldwide have driven the company above $250 million in annual recurring revenue (ARR).
  • Icertis Copilots are now the fastest growing products in the history of the business, marking a new milestone following their introduction as the first generative AI applications for enterprise contract management in July 2023.
  • Global leaders such as ALPLA, Krones, and Genpact have selected Icertis Copilots to responsibly leverage generative AI in contract-driven operations, enabling increased efficiency, reduced risk, and substantial cost savings across their enterprises.
  • "Coupled with our trust in the core Icertis platform, we hope to realize substantial value by responsibly applying generative AI to improve our contract management."

Murphy Oil Corporation Promotes Eric M. Hambly to Position of President and Chief Operating Officer and E. Ted Botner to Executive Vice President

Retrieved on: 
Wednesday, February 7, 2024
Energy, Other Energy, Oil, Gas, Business administration, Chemical engineering, MUR, Moses Austin, Senior, University, General counsel, Gulf of Mexico, Harvard Business School, Southern Methodist University, Advanced Management Program, Brigham Young University, Corporation, Methodist University, Murphy Oil, Management

The Board of Directors has appointed Eric M. Hambly to the role of President and Chief Operating Officer and E. Ted Botner to Executive Vice President.

Key Points: 
  • The Board of Directors has appointed Eric M. Hambly to the role of President and Chief Operating Officer and E. Ted Botner to Executive Vice President.
  • Mr. Hambly and Mr. Botner will continue to report to Roger W. Jenkins, Chief Executive Officer.
  • Over his 18-year career with Murphy, Mr. Hambly has played a vital role in the success of Murphy’s global exploration and production operations.
  • We are aligned on further strengthening the company’s balance sheet and rewarding our shareholders,” stated Roger W. Jenkins, Chief Executive Officer.

Murphy Oil Corporation Announces Quarterly Dividend

Retrieved on: 
Thursday, January 25, 2024
Energy, Other Energy, Oil, Gas, Murphy Oil, Common stock, MUR

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.

Key Points: 
  • 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 March 4, 2024, to stockholders of record as of February 20, 2024.

Murphy Oil Corporation Announces Fourth Quarter and Full Year 2023 Results, Preliminary Year-End 2023 Reserves, 2024 Capital Expenditure and Production Guidance

Retrieved on: 
Thursday, January 25, 2024
Energy, Other Energy, Oil, Gas, Eagle Ford, Dallas, Share repurchase, NCI, Murphy, Tax, Acquisition, Depreciation, MUR, Murphy Oil, CAPEX, Bank

For full year 2023, the company recorded net income attributable to Murphy of $662 million, or $4.22 net income per diluted share.

Key Points: 
  • For full year 2023, the company recorded net income attributable to Murphy of $662 million, or $4.22 net income per diluted share.
  • Details for fourth quarter results and an adjusted net income reconciliation can be found in the attached schedules.
  • Accrued capital expenditures (CAPEX) for fourth quarter 2023 totaled $219 million, excluding NCI and acquisition-related CAPEX.
  • During the fourth quarter, Murphy repurchased $75 million, or 1.7 million shares, at an average price of $43.42 per share.

Murphy Oil Corporation Schedules Fourth Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Wednesday, December 27, 2023
Oil, Gas, Energy, Murphy Oil, EST, MUR

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 25, 2024 to discuss fourth quarter 2023 earnings.

Key Points: 
  • 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 25, 2024 to discuss fourth quarter 2023 earnings.
  • The company plans to release its financial and operating results before the market opens that morning.

Murphy Oil Corporation Announces Third Quarter 2023 Financial and Operating Results, Advances Capital Allocation Framework, Increases Share Repurchase Authorization, Raises Full Year 2023 Production Guidance

Retrieved on: 
Thursday, November 2, 2023
Oil, Gas, Energy, Duvernay, NCI, NYSE, Workover, Terra Nova, Tax, EDT, MP, National Oil Corporation, Paon DP, Public expenditure, EBITDA, CAPEX, Telephone, Share repurchase, News, GAAP, Acquisition, CALL, Internet, Natural gas, Commercial mortgage, Senior, Murphy Oil, Eagle Ford Group, Borrowing base, Depreciation, AECO, MUR, Oso, Calendar, Cryptocurrency, Management, Bookkeeping, Bank, Petroleum, Gulf of Mexico, Murphy

Third quarter production averaged 202 MBOEPD and consisted of 51 percent oil volumes, or 103 MBOPD.

Key Points: 
  • Third quarter production averaged 202 MBOEPD and consisted of 51 percent oil volumes, or 103 MBOPD.
  • During the third quarter, Murphy repurchased $75 million, or 1.7 million shares outstanding, at an average price of $44.53 per share.
  • Subsequent to the quarter, the share repurchase authorization was increased by $300 million, and Murphy now has $525 million remaining.
  • As previously disclosed, the capital allocation framework defines Murphy 1.0 as when long-term debt exceeds $1.8 billion.