Murphy Oil Corp. (MUR) PT Lowered to $50 at JPMorgan

Murphy Oil Corporation Announces Second Quarter 2024 Financial and Operational Results, Revises Capital Allocation Framework to Accelerate Shareholder Returns, Increases Share Repurchase Authorization

Announced Discovery at Ocotillo #1 Exploration Well in the Gulf of Mexico,
Repurchased $56 Million of Shares Outstanding and $50 Million of Senior Notes

HOUSTON--(BUSINESS WIRE)-- Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2024, including net income attributable to Murphy of $128 million, or $0.83 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $124 million, or $0.81 adjusted net income per diluted share.

Unless otherwise noted, the financial... More

Murphy Oil Corporation Releases 2024 Sustainability Report

HOUSTON--(BUSINESS WIRE)-- Murphy Oil Corporation (NYSE: MUR) announced today that it released the 2024 Sustainability Report, which covers the companys environmental, social and governance (ESG) performance and progress on established targets. The report is available here, along with a summary... More

Murphy Oil Corporation Announces Quarterly Dividend

HOUSTON--(BUSINESS WIRE)-- The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.30 per share, or $1.20 per share on an annualized basis. The dividend is payable on September 3, 2024, to stockholders of record as of August 19, 2024.

ABOUT MURPHY OIL CORPORATION

As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges... More