Form 8-K MURPHY OIL CORP /DE For: Aug 03
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): August 3, 2016
MURPHY OIL CORPORATION
(Exact name of registrant as specified in its charter)
|
|
|
|
|
Delaware |
|
1-8590 |
|
71-0361522 |
(State or other jurisdiction of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer Identification No.) |
|
|
|
|
|
|
|
|
|
|
300 Peach Street |
|
P.O. Box 7000, El Dorado, Arkansas |
71730-7000 |
(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including area code 870-862-6411 |
Not applicable |
(Former Name or Former Address, if Changed Since Last Report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
[ ] |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
[ ] |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
[ ] |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events
EL DORADO, Arkansas, August 3, 2016 – The Board of Directors of Murphy Oil Corporation declared a quarterly cash dividend on its Common Stock of $0.25 per share. The dividend is payable September 1, 2016 to holders of record August 15, 2016.
Item 9.01. Financial Statements and Exhibits
(d) |
Exhibits |
|
|
99.1 |
A news release issued by Murphy Oil Corporation, dated August 3, 2016 announcing a quarterly cash dividend on the Company’s Common Stock. |
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MURPHY OIL CORPORATION |
|||
|
|||
By: |
/s/ Keith Caldwell |
||
|
Keith Caldwell |
||
|
Senior Vice President and Controller |
Date: August 3, 2016
Exhibit Index
99.1 |
News release dated August 3, 2016, as issued by Murphy Oil Corporation. |
MURPHY OIL CORPORATION ANNOUNCES DIVIDEND
EL DORADO, Arkansas, August 3, 2016 – 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 $0.25 per share, or $1.00 per share on an annualized basis. This represents approximately a 29 percent reduction from the previous quarterly level of $0.35 per share. The dividend is payable September 1, 2016 to holders of record August 15, 2016.
“The decision to reduce the dividend was a difficult but prudent one based on the lack of a sustained recovery in commodity prices,” stated Roger W. Jenkins, President and Chief Executive Officer. “The dividend has been, and will continue to be, a top priority as it is an essential piece of our total shareholder return value proposition. This reset better aligns our dividend with our financial metrics and recognizes the high quality investment options within our portfolio.”
ABOUT MURPHY OIL CORPORATION
Murphy Oil Corporation is a global independent oil and natural gas exploration and production company. The Company’s diverse resource base includes offshore production in Southeast Asia, Canada and Gulf of Mexico, as well as North America onshore plays in the Eagle Ford Shale, Kaybob Duvernay and Montney. Additional information can be found on the Company’s website at http://www.murphyoilcorp.com.
FORWARD-LOOKING STATEMENTS
Our future expectations regarding the payment of dividends constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future events or results are subject to inherent risks and uncertainties. Factors that could cause one or more of these forecasted events not to occur include, but are not limited to, a failure to obtain necessary regulatory approvals, a deterioration in the business or prospects of Murphy, adverse developments in Murphy business’ markets, adverse developments in the U.S. or global capital markets, credit markets or economies in general. Factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements include, but are not limited to, the volatility and level of crude oil and natural gas prices, the level and success rate of our exploration programs, our ability to maintain production rates and replace reserves, customer demand for our products, adverse foreign exchange movements, political and regulatory instability, and uncontrollable natural hazards. For further discussion of risk factors, see Murphy’s 2015 Annual Report on Form 10-K, on file with the U.S. Securities and Exchange Commission. Murphy undertakes no duty to publicly update or revise any forward-looking statements.
1
Investor Contacts:
Kelly Whitley, [email protected], 281-675-9107
Nancy Perkins, [email protected], 281-675-9252
Emily McElroy, [email protected], 870-864-6324
2
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Murphy Oil Corp. (MUR) PT Raised to $54 at KeyBanc
- Salesforce Growth Proves Boon to Brazilian Businesses
- UBS faces new lawsuit by Appaloosa over Credit Suisse $17 billion bond wipeout
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!