MUR News and Press, Murphy Oil Corporation From 03/25/20

Dividend investors had better beware as they look for top stocks in the oil industry. Some former dividend darlings have responded to the oil price collapse by mercilessly slashing their payouts.  Occidental Petroleum  just cut its dividend by 86%. Apache , an exploration and producti...

Introduction The recent oil price crash has seen many oil and gas companies rush to reduce their dividends and it appears that Murphy Oil ( MUR ) is likely to be forced to follow shortly. Approximately two months ago I published an article warning that their dividend sustainability was l...

Murphy Oil (NYSE: MUR ) -9.8% pre-market after announcing a $500M cut to its planned 2020 capital spending to ~$950M, a nearly 35% reduction from the midpoint of the previously announced budget of $1.4B-$1.5B. More news on: Murphy Oil Corporation, Read more ...

Maintains Commitment to Dividend Murphy Oil Corporation (NYSE: MUR) announced today that it has revised its capital spending plans for 2020 given current market conditions and recent commodity price volatility. Murphy’s revised 2020 budget is approximately $950 million. Th...

Independent oil producer stocks are taking it on the chin once again. At this writing, a large group of independents is down 14% or more on March 11 in early-afternoon trading, tacking even more losses onto a horrendous 2020 that's seen the group lose more than two-thirds of its value: As of 2:...

Just a few weeks ago, it seemed there were deals to be had on a relative basis in upstream energy recently - key word being relative. Discounts to net asset value ("NAV"), recent public and private comps, and in comparison to the peer group matters not when the market goes from pricing in a ...

Matador Resources (NYSE: MTDR ) -56% . More news on: Matador Resources Company, Parsley Energy, Inc., SM Energy Company, Stocks on the move, , Read more ...

Equinor (NYSE: EQNR ) is abandoning plans to drill for oil at the environmentally sensitive Great Australian Bight off the country's south coast, saying "the opportunity is not commercially competitive." More news on: Equinor ASA, Murphy Oil Corporation, Santos Limited, Energy stocks new...

Murphy Oil Corporation (NYSE: MUR) today announced that Roger W. Jenkins, President and Chief Executive Officer, will present at the Credit Suisse 25 th Annual Energy Summit in Vail, Colorado on Monday, March 2, 2020 at 10:05 a.m. Eastern Time (ET). The live audio webcast presentation wi...

On January 30, Murphy Oil (MUR), an independent exploration & production company, presented its fourth-quarter and full-year results. The stock underperformed both on quarterly revenue and EPS; 2019 was also overshadowed by a steep decline in the GAAP net income. The coronavirus-indu...