Murphy Oil (MUR) Declares $0.125 Quarterly Dividend; 5.9% Yield

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Oil firms begin offshore U.S. evacuations as record-breaking storm threatens

October 5, 2020 12:58 PM EDT

By Erwin Seba

HOUSTON (Reuters) - Energy companies on Monday began evacuating offshore oil platforms as the 25th named storm of the year formed in the Caribbean and was forecast to become a major hurricane before it entered the Gulf of Mexico and threatens the U.S. mainland.

Tropical Storm Delta was expected to rapidly strengthen and become a Category 3 hurricane with up to 120 mile per hour (194 kilometers per hour) winds. It was about 160 miles south southwest of Negril, Jamaica, on Monday evening and moving west at 8 mph.

Delta will bring rain, winds and a... More