MURPHY OIL CORPORATION ANNOUNCES PRELIMINARY FOURTH QUARTER AND FULL YEAR 2016 FINANCIAL AND OPERATING RESULTS

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Go back to MURPHY OIL CORPORATION ANNOUNCES PRELIMINARY FOURTH QUARTER AND FULL YEAR 2016 FINANCIAL AND OPERATING RESULTS

Murphy Oil (MUR) Reports In-Line Q4 EPS

January 25, 2017 5:36 PM EST

Murphy Oil (NYSE: MUR) reported Q4 EPS of ($0.16), in-line with the analyst estimate of ($0.16).

2017 CAPITAL EXPENDITURE AND PRODUCTION GUIDANCE

Murphy is planning 2017 capital expenditures to be $890 million which assumes a West Texas Intermediate oil price of $52 per barrel and Henry Hub natural gas price of $3.10 per thousand cubic feet.

Approximately 65 percent of the total capital is being allocated towards the onshore... More