Murphy Oil reports Q4 2022 net income of $199M, increases quarterly dividend 10%

MURPHY OIL CORP

2022-FY EPS reported $6.13 revenue$3,932,662,000

Q4 2022 net income attributable to Murphy was $199M ($1.26 per diluted share); full-year net income $965M ($6.13 per diluted share).
Achieved 2022 debt reduction goal of $650M, reducing total debt 26% to $1.82B by year-end 2022.
Board declared quarterly cash dividend of $0.275 per share ($1.10 annualized), a 10% increase from prior quarter.
Q4 production averaged 173.6 MBOEPD (56% oil); full-year production 167.0 MBOEPD with 29% oil volume growth.
Completed Khaleesi, Mormont, Samurai field development; production exceeded expectations; 2023 CAPEX guidance $875M–$1.025B.

item 2.02 item 8.01 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 year ended December 31, 2022 results: net income $965 million, EPS $6.13 net income per diluted share. Guidance initiated.

Period: the year ended December 31, 2022
Net income: $965 million
EPS: $6.13 net income per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

For the full year 2022, the company recorded net income attributable to Murphy of $965 million, or $6.13 net income per diluted share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MURPHY OIL CORP reported the quarter ended December 31, 2022 results: net income $199 million, EPS $1.26 net income per diluted share. Guidance initiated.

Period: the quarter ended December 31, 2022
Net income: $199 million
EPS: $1.26 net income per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the fourth quarter ended December 31, 2022, including net income attributable to Murphy of $199 million, or $1.26 net income per diluted share.

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Source: SEC EDGAR

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