Murphy Oil Q2 net income $0.62/sh; signs Côte d'Ivoire PSCs, agrees $150M Canadian divestiture

MURPHY OIL CORP

2023-Q2 EPS reported $1.84 revenue$1,656,304,000

Q2 production 184 MBOEPD exceeded upper guidance; net income $98M ($0.62 diluted EPS); adjusted EPS $0.79.
Exploration expense $116M includes $80M Chinook #7 dry hole, $17M Mexico write-off, $10M Côte d'Ivoire seismic.
Signed PSCs as operator for five deepwater blocks offshore Côte d'Ivoire; includes Paon discovery with development plan due by 2025.
Agreed to divest non-core Kaybob Duvernay and Placid Montney assets for C$150M, closing expected Q3 2023.
2023 CAPEX narrowed to $950M-$1.025B; full-year production guidance raised to 180-186 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 second quarter ended June 30, 2023 results: net income $98 million, EPS $0.62 net income per diluted share.

Period: the second quarter ended June 30, 2023
Net income: $98 million
EPS: $0.62 net income per diluted share
Result: reported results

Exact text from the filing

Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2023, including net income attributable to Murphy of $98 million, or $0.62 net income per diluted share.

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Source: SEC EDGAR

accession 0000717423-23-000048

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