MUR - Murphy Oil maintains guidance for full-year production capex

imaginima/E+ via Getty Images Murphy Oil (MUR) reiterates its full-year production forecast of 157K-165K boe/day (54% oil), according to presentation slides for the J.P. Morgan energy, power and renewables conference. For Q2, Murphy expects output of 160K-168K boe/day. Murphy maintains full-year capital spending guidance of $675M-$725M. The company says it is seeking to reduce debt by another $200M this year, for a total 15% cut in FY 2021 at current strip prices. Murphy's Q1 production totaled 155K boe/day, as it reported a surprise Q1 profit.

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Murphy Oil maintains guidance for full-year production, capex