Murphy Oil (MUR) Stock

Murphy Oil Corporation (NYSE:MUR ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Kelly Whitley - VP, Investor Relations and Communications Roger Jenkins - Chief Executive Officer Tom Mireles - EVP and CFO Eric Hambly - President and COO Conference Call Participants Neal Dingmann - Truist Securities Carlos Escalante - Wolfe Research, LLC Leo Mariani - ROTH MKM Paul Cheng - Scotia Howard Weil Tim Rezvan - KeyBanc Arun Jayaram - J.P. Morgan Operator Good morning, ladies and gentlemen, and welcome to the Murphy Oil Corporation Third Quarter 2024 Earnings Conference Call and Webcast.

MUR's third-quarter earnings are lower than expected. The lower contribution from Eagle Ford Shale and Gulf of Mexico region has adversely impacted results.

Murphy Oil (MUR) came out with quarterly earnings of $0.74 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $1.59 per share a year ago.

MUR's third-quarter earnings are expected to have benefited from strong domestic volumes, while unplanned storm downtime and drop in prices might offset some positives.

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) announced today the election of Robert B. Tudor, III, to the Company's Board of Directors, effective October 2, 2024. Mr. Tudor is the founder and CEO of Artemis Energy Partners, an investing and advisory platform focused on companies involved in the global energy markets. He is also a retired Founder and CEO of Tudor, Pickering, Holt & Co. Prior to forming TPH, Mr. Tudor was a Partner at Goldman Sachs and a leader of its worldwid.

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced today that its Board of Directors has appointed Eric M. Hambly, Murphy's current President and Chief Operating Officer, to succeed Roger W. Jenkins as the company's President and Chief Executive Officer, effective January 1, 2025. In addition, Mr. Hambly will become a member of the Board of Directors. Mr. Jenkins will retire from the Board on December 31, 2024. He will remain with Murphy in a non-executive role as an a.

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 $0.30 per share, or $1.20 per share on an annualized basis. The dividend is payable on December 2, 2024, to stockholders of record as of November 18, 2024. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowe.

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, November 7, 2024 to discuss third quarter 2024 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 posted to the Investor Relations page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, Novemb.

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) (“Murphy” or the “Company”) announced today the commencement of a series of tender offers to purchase for cash up to $600,000,000 aggregate principal amount (the “Maximum Aggregate Cap”) certain of its outstanding series of senior notes listed in the table below (collectively, the “Notes”).           Dollars per $1,000 Principal Amount of Notes(3) Title of Security CUSIP Number Principal Amount Outstanding Maximum SubCap(1) Acceptance.