Murphy Oil (NYSE: MUR) reported Q4 EPS of $0.40, $0.08 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $738.95 million versus the consensus estimate of $613.82 million.

2022 CAPITAL EXPENDITURE AND PRODUCTION GUIDANCE:

Murphy is planning 2022 capital expenditures (CAPEX) to be in the range of $840 million to $890 million with full year 2022 production to be in the range of 164 to 172 MBOEPD, comprised of approximately 52 percent oil and 57 percent total liquids volumes. Production for first quarter 2022 is estimated to be in the range of 136 to 142 MBOEPD with 53 percent oil volumes. This range is impacted by planned downtime, comprised of the following: 2.7 MBOEPD of operated offshore downtime, 2.6 MBOEPD of non-operated offshore downtime and 3 MBOEPD of onshore downtime. Both production and CAPEX guidance ranges exclude Gulf of Mexico noncontrolling interest (NCI).

For earnings history and earnings-related data on Murphy Oil (MUR) click here.