Murphy Oil (MUR) Tops Q3 EPS by 12c

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Go back to Murphy Oil (MUR) Tops Q3 EPS by 12c

Murphy Oil Corporation Announces Third Quarter 2017 Financial and Operating Results

November 1, 2017 5:00 PM EDT

Announces Low-Cost Strategic Acreage Position in Midland Basin

EL DORADO, Ark.--(BUSINESS WIRE)-- Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the third quarter ended September 30, 2017, including a net loss from continuing operations of $66 million, or $0.38 per diluted share.

Operating and financial highlights for the third quarter 2017 include:

Achieved decade-low lease operating expense of $7.58 per boe, surpassing second quarter 2017 record Disclosed low-cost onshore entry into Midland Basin, currently testing Lower Spraberry and Wolfcamp B zones... More