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Murphy Oil Corporation Announces Second Quarter 2023 Financial and Operating Results, Strategic Portfolio Repositioning

Retrieved on: 
Thursday, August 3, 2023
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Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2023, including net income attributable to Murphy of $98 million, or $0.62 net income per diluted share.

Key Points: 
  • Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2023, including net income attributable to Murphy of $98 million, or $0.62 net income per diluted share.
  • Second quarter production averaged 184 MBOEPD and consisted of 54 percent oil volumes, or 99 MBOPD.
  • The transaction has a March 1, 2023 effective date, with closing anticipated to occur in the third quarter of 2023.
  • Murphy accrued a total of $32 million in acquisition-related costs during the quarter, which will be paid in third quarter 2023.

Murphy Oil Corporation Announces First Quarter 2023 Financial and Operating Results, Reaffirms 2023 Production and Capital Expenditure Guidance Ranges

Retrieved on: 
Wednesday, May 3, 2023
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Details for first quarter results and an adjusted net income reconciliation can be found in the attached schedules.

Key Points: 
  • Details for first quarter results and an adjusted net income reconciliation can be found in the attached schedules.
  • First quarter production averaged 172.5 MBOEPD and consisted of 55 percent oil volumes, or 94 MBOPD.
  • Gulf of Mexico – Production averaged approximately 87 MBOEPD, consisting of 79 percent oil during the first quarter.
  • Murphy reaffirms its 2023 accrued capital expenditures (CAPEX) plan range of $875 million to $1.025 billion.