MUR Stock Recent News

Murphy Oil's (MUR) fourth-quarter earnings are expected to be impacted by a drop in production volumes due to planned downtime, and the loss of production from a well in the Niedermeyer field.

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Standard Time (EST) on Thursday, January 25, 2024 to discuss fourth quarter 2023 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be included on the Investors page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, January 25,.

Murphy Oil is making progress on its balance sheet transformation efforts, which could double capital returns to shareholders by Q3 2023. The company's strong production, particularly in the Gulf of Mexico and the Eagle Ford, is driving positive financial results. Murphy's offshore presence, particularly in the Gulf of Mexico, provides additional growth opportunities given regulatory support for expansion.

Murphy Oil Corporation has made a successful discovery in Vietnam that could add 30,000 to 40,000 BOED to its production. The company's lease holdings in Vietnam have the potential to become a major source of income in the future. Murphy's onshore business in the United States generates cash flow for its offshore operations and has the potential for growth with operational advances.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Although the revenue and EPS for Murphy Oil (MUR) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Murphy Oil Corporation (NYSE:MUR ) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants Kelly Whitley - Vice President, Investor Relations & Communications Roger Jenkins - President & Chief Executive Officer Tom Mireles - Executive Vice President & Chief Financial Officer Eric Hambly - Executive Vice President, Operation Conference Call Participants Bert Barnes - Truist Leo Mariani - ROTH MKM Charles Meade - Johnson Rice Operator Good morning, ladies and gentlemen. Welcome to the Murphy Oil Corporation Third Quarter 2023 Earnings Conference Call and Webcast.

Murphy Oil (MUR) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.84 per share a year ago.

Murphy Oil (MUR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, November 2, 2023 to discuss third quarter 2023 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be included on the Investors page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, November 2, 2.