Murphy Oil Q4 adj EPS $0.90, FY23 net income $662M; raises dividend 9% to $0.30/quarter

MURPHY OIL CORP

2023-FY EPS reported $4.22 revenue$3,460,147,000

Q4 2023 adj net income $140M ($0.90/diluted); full-year adj net income $709M ($4.52/diluted).
Achieved $500M debt reduction target in 2023; total debt $1.3B with weighted avg maturity 8.1 years.
Repurchased $150M of shares in 2023 (3.4M shares at avg $43.96); $450M remaining under authorization.
Quarterly dividend increased 9% to $0.30/share ($1.20 annualized), payable March 4, 2024 to holders of record Feb 20.
Preliminary year-end 2023 proved reserves 724 MMBOE (139% reserve replacement); 2024 production guidance 180-188 MBOEPD.

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 0.98

MURPHY OIL CORP reported the quarter ended December 31, 2023 results: net income $116 million, or $0.75 net income per diluted share, EPS $0.75 net income per diluted share.

Period: the quarter ended December 31, 2023
Net income: $116 million, or $0.75 net income per diluted share
EPS: $0.75 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 fourth quarter ended December 31, 2023, including net income attributable to Murphy of $116 million, or $0.75 net income per diluted share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

MURPHY OIL CORP reported the year ended December 31, 2023 results: net income $662 million, or $4.22 net income per diluted share, EPS $4.22 net income per diluted share.

Period: the year ended December 31, 2023
Net income: $662 million, or $4.22 net income per diluted share
EPS: $4.22 net income per diluted share
Result: reported results

Exact text from the filing

For full year 2023, the company recorded net income attributable to Murphy of $662 million, or $4.22 net income per diluted share.

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Source: SEC EDGAR

accession 0000717423-24-000004

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