MUR News and Press, Murphy Oil Corporation From 03/28/22

Murphy Oil Corporation (NYSE: MUR) today announced that drilling has concluded at the Cutthroat-1 exploration well in block SEAL-M-428 in the Sergipe-Alagoas Basin offshore Brazil. While the presence of hydrocarbons was not found, the partner group will continue to integrate the exp...

Murphy (MUR) posted in an investor presentation last week that the Company's cutthroat prospect in Brazil could hold up to 1b barrels of oil; Monday it was reported that the Exxon-drilled (XOM) prospect "failed to verify the presence of hydrocarbons" according to Offshore. Exxon (XOM) is the ...

Murphy Oil (NYSE:MUR) announced that David Looney plans to retire from the company and will relinquish his position as Executive Vice President and CFO on June 30. The board has elected Thomas J. "Tom" Mireles to serve as his replacement effective upon Looney's retirement. Mireles will a...

Murphy Oil Corporation (NYSE: MUR) today announced that David R. Looney plans to retire from the company and will relinquish his position as Executive Vice President and Chief Financial Officer on June 30, 2022. The Board of Directors has elected Thomas J. “Tom” Mireles to...

In a note Monday, Morgan Stanley's Devin McDermott argued that North American oil stocks are "pricing in" $64 WTI (NYSEARCA:USO). McDermott argues that while front-month pricing of $115+ may be driven by politics, the two-year strip of futures prices has already risen to ~$94. On McDermott's ...

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Companies -- like people -- can have a reputation. Some are steady; some are inconsistent . Often, this reputation comes with the territory. Consider the energy sector. It has a reputation for boom and bust cycles due to its dependence on volatile energy prices. But in...

In line with announcements made in Q4 of 2021, Petrobras (NYSE:PBR) kicked off the Company's asset sale program in the Gulf of Mexico Wednesday. According to Petrobras the transaction is in-line with the Company's strategy of debt reduction and strategic pivot towards Brazilian deep-water pro...

Mizuho upgraded Murphy (NYSE:MUR) to buy this morning, after the shares lagged peers following mixed earnings results released January 27th. With peak capex in 2022, cash flow inflects in 2023+, and at strip pricing the Company has one of the highest payout capacities in the sector, trailing ...

Murphy Oil's revenues of $738.95 million were better than expectations. Revenues improved from the prior-year quarter of $330.21 million. Murphy Oil increased its dividend by 20% from the previous quarter’s level. The current annualized dividend stands at $0.60 per share, ...