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Murphy Oil Corporation (NYSE:MUR ) Q4 2024 Earnings Conference Call January 30, 2025 9:00 AM ET Company Participants Kelly Whitley - Vice President, Investor Relations and Communications Eric Hambly - President and Chief Executive Officer Tom Mireles - Executive Vice President and Chief Financial Officer Chris Lorino - Senior Vice President, Operations Conference Call Participants Arun Jayaram - JPMorgan Neil Mehta - Goldman Sachs Neal Dingmann - Truist Securities Paul Cheng - Scotiabank Leo Mariani - ROTH Capital Charles Meade - Johnson Rice Carlos Escalante - Wolfe Research Geoff Jay - Daniel Energy Partners Betty Jiang - Barclays Chris Baker - Evercore ISI Operator Good morning, ladies and gentlemen, and welcome to the Murphy Oil Corporation Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Ms.

MUR's fourth-quarter earnings per share and revenues missed the consensus estimates. The company has replaced 83% of its production volumes in 2024.

Murphy Oil (MUR) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.90 per share a year ago.

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the fourth quarter ended December 31, 2024, including net income attributable to Murphy of $50 million, or $0.34 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $51 million, or $0.35 adjusted net income per diluted share. For full year 2024, the company recorded.

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 $0.325 per share, or $1.30 per share on an annualized basis. The dividend is payable on March 3, 2025, to stockholders of record as of February 18, 2025. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers.

MUR's fourth-quarter earnings per share are expected to have benefited from strong production from domestic and international assets.

Murphy Oil (MUR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced that its subsidiary has drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2/17 in the Cuu Long Basin, located 40 miles offshore Vietnam. The well was drilled to total depth of 13,124 feet in 149 feet of water. Hai Su Vang-1X encountered approximately 370 feet of net oil pay from two reservoirs. Additional evaluation is ongoing and future appraisal drilling will be conducted. Hai Su Vang is one.

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced that Eric M. Hambly, President and Chief Executive Officer, will participate on a panel at the Goldman Sachs Energy, CleanTech & Utilities Conference 2025 on Wednesday, January 8 at 3:00 p.m. Eastern Standard Time (EST). The webcast will be available on the company's website at http://ir.murphyoilcorp.com. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy.

Murphy Oil Corporation's diversified portfolio spans the Americas, with significant assets in the U.S., Canada, Mexico, and exploration in Vietnam, aiming for mid single-digit production growth. The company is committed to reducing long-term debt to $1 billion by mid-2025, enhancing financial stability and positioning for downturns. Murphy's 3.0 capital allocation strategy focuses on shareholder returns, with 50% of FCF allocated to buybacks and dividends, achieving double-digit returns.