Murphy Oil (MUR) Tops Q4 EPS by 4c

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Murphy Oil Corporation Announces Fourth Quarter and Full Year 2018 Financial and Operating Results, 2019 Capital Investment Program

January 31, 2019 6:45 AM EST

Increased Proved Reserves by 17% with 166% Organic Reserve Replacement

EL DORADO, Ark.--(BUSINESS WIRE)-- Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the fourth quarter ended December 31, 2018, including net income attributable to Murphy, which excludes noncontrolling interest, of $103 million, or $0.59 per diluted share. Net income including noncontrolling interest was $112 million.

With the close of the previously announced Gulf of Mexico transaction in the fourth quarter 2018, and in accordance with GAAP, Murphy reports the 100 percent interest, including a 20 percent noncontrolling... More