Associated tags: Murphy Oil, Thought, Energy, Oil, Gas, MUR, NYSE, Cryptocurrency, Other Energy
Locations: UNITED STATES, NORTH AMERICA, TEXAS, MISSISSIPPI, TERRA NOVA, BB, CANADA, MEXICO
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Green Eagle Ford Shale – Production averaged 29 MBOEPD with 71 percent oil volumes and 86 percent liquids volumes in the first quarter.
Key Points:
- Eagle Ford Shale – Production averaged 29 MBOEPD with 71 percent oil volumes and 86 percent liquids volumes in the first quarter.
- As planned, Murphy completed drilling its 13-well program during the quarter, with all wells coming online in second quarter 2024.
- Excluding NCI, in the first quarter of 2024, the offshore business produced approximately 79 MBOEPD, which included 84 percent oil.
- Production for second quarter 2024 is estimated to be in the range of 176 to 184 MBOEPD with 93 MBOPD, or 51 percent, oil volumes.
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 (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.
Retrieved on:
Wednesday, February 7, 2024
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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.
Retrieved on:
Thursday, January 25, 2024
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.
Retrieved on:
Thursday, January 25, 2024
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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.
Retrieved on:
Wednesday, December 27, 2023
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.
Retrieved on:
Monday, November 20, 2023
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Note The 2027 Maximum SubCap represents the maximum aggregate principal amount in respect of the 2027 Notes being purchased at Acceptance Priority Level “1”.
Key Points:
- The 2027 Maximum SubCap represents the maximum aggregate principal amount in respect of the 2027 Notes being purchased at Acceptance Priority Level “1”.
- Acceptance for tenders of 2027 Notes will be subject to proration at Acceptance Priority Level “1” because the aggregate principal amount of 2027 Notes validly tendered resulted in the aggregate principal amount of 2027 Notes exceeding the 2027 Maximum SubCap.
- All conditions were satisfied or waived by the Company at the Early Tender Date.
- The Company intends to fund the purchase of validly tendered and accepted Notes on the Early Settlement Date with available cash on hand.
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Note Holders of Notes validly tendered (and not validly withdrawn) after the Early Tender Date, but before or at the Expiration Date, and accepted for purchase pursuant to the tender offers will receive the applicable Tender Offer Consideration, but not the Early Tender Premium.
Key Points:
- Holders of Notes validly tendered (and not validly withdrawn) after the Early Tender Date, but before or at the Expiration Date, and accepted for purchase pursuant to the tender offers will receive the applicable Tender Offer Consideration, but not the Early Tender Premium.
- The purpose of the tender offers is to reduce the Company’s total debt and interest expense.
- Global Bondholder Services Corporation is the Tender and Information Agent for the tender offers.
- The tender offers are being made solely pursuant to the Offer to Purchase made available to holders of the Notes.
Retrieved on:
Thursday, November 2, 2023
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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.
