Murphy Oil Q3 net income $528M ($3.36/diluted); production 188.5 MBOEPD above guidance

MURPHY OIL CORP

2022-Q3 EPS reported $4.86 revenue$2,957,443,000

Adjusted net income $290M ($1.84/diluted); revenue and EPS beat consensus.
Production 188.5 MBOEPD exceeded upper end of guidance; 51% oil.
Reduced long-term debt by $248M in Q3; announced $200M note redemption for Nov 30.
Dividend increased to $1.00/share annualized; on track for $650M debt reduction goal.
2022 capex guidance raised to $975M-1.025B; production guidance 164-172 MBOEPD.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MURPHY OIL CORP reported the third quarter ended September 30, 2022 results: net income net income attributable to Murphy of $528 million, or $3.36 per diluted share.

Period: the third quarter ended September 30, 2022
Net income: net income attributable to Murphy of $528 million, or $3.36 per diluted share
Result: reported results

Exact text from the filing

On November 3, 2022 Murphy Oil Corporation issued a news release announcing its financial and operating results for the quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0000717423-22-000070

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