Highest-materiality recent filing
Murphy Oil Q1 net income $53M, EPS $0.37; production 174 MBOEPD exceeds guidance
Net income attributable to Murphy $53.0M, diluted EPS $0.37; adjusted EPS $0.32.
Murphy Oil Q4 net income $11.9M, EPS $0.08; dividend raised 8% to $0.35/share, annualized $1.40
Q4 net income $11.9M ($0.08 diluted EPS); full-year net income $104.2M ($0.72 diluted EPS). Adjusted EPS $0.14 Q4, $1.37 full year.
Murphy Oil offers $500M in senior notes due 2034 to refinance higher-coupon debt
Offering of $500M aggregate principal of senior notes due 2034; BofA Securities is book-running manager.
Murphy Oil upsizes credit facility to $2B, reports successful Vietnam appraisal well
Credit facility commitments increased to $2.0B (from $1.35B); maturity extended to Jan 2031; LC commitments increased to $415M.
Murphy Oil Q3 adjusted net income $58.1M, production 200 MBOEPD, debt down $50M
Net loss $3M ($0.02 diluted EPS); adjusted net income $58.1M ($0.41 adjusted diluted EPS).
Murphy Oil Q2 2025 net income $22.3M, adj EPS $0.27, production 190 MBOEPD
Net income $22.3M ($0.16 diluted EPS); adjusted net income $38.5M ($0.27 adjusted diluted EPS).
Murphy Oil Q1 adj EPS $0.56; drills 2nd Vietnam discovery; reaffirms FY guidance
Net income $73M ($0.50 diluted); adjusted net income $81M ($0.56 diluted).
Murphy Oil Q4 adj EPS $0.35; 2025 capex $1.21B mid; dividend raised 8% to $0.325
Q4 net income $50M ($0.34 diluted); adj net income $51M ($0.35 adj diluted).
Murphy Oil announces CEO retirement, Eric Hambly to become President & CEO Jan 1, 2025
Roger Jenkins retires as CEO Dec 31, 2024; stays as non-executive employee through Dec 31, 2025.
Murphy Oil Q3 adj. EPS $0.74; CEO transition to Hambly in 2025; $600M notes issued
Net income $139M ($0.93 diluted EPS); adjusted net income $111M ($0.74 adj. EPS).
Murphy Oil enters new $1.2B revolver and announces $520.6M early tender of senior notes
New $1.2B senior unsecured revolver matures Oct 2029; covenants: leverage ≤3.25x, interest coverage ≥2.50x pre-investment grade.
Murphy Oil names Eric Hambly as President and CEO, succeeding Roger Jenkins effective Jan 1, 2025
Effective Jan 1, 2025, Eric Hambly becomes President & CEO and joins the Board; he was previously President & COO.
Murphy Oil Q2 net income $128M ($0.83/diluted); revised capital framework accelerates buybacks
Q2 adjusted net income $124M ($0.81/diluted); production 181 MBOEPD (91 MBOPD oil).
Murphy Oil Q1 net income $90M ($0.59/diluted); adjusted $131M ($0.85); production 170 MBOEPD
Adjusted net income of $131M ($0.85 diluted) vs GAAP net income of $90M ($0.59 diluted); $50M in adjustments including impairments.
Murphy Oil Q4 adj EPS $0.90, FY23 net income $662M; raises dividend 9% to $0.30/quarter
Q4 2023 adj net income $140M ($0.90/diluted); full-year adj net income $709M ($4.52/diluted).
Murphy Oil abandons Oso #1 exploration well; Q4 exploration expense guidance raised to $83M
Oso #1 well in Gulf of Mexico Atwater Valley 138 found non-commercial hydrocarbons; will be plugged and abandoned.
Murphy Oil launches cash tender offers for up to $250M of senior notes due 2027-2029
Tenders for 5.875% notes due 2027 (CUSIP 626717 AM4), 6.375% notes due 2028 (626717 AN2), 7.050% notes due 2029 (626717 AA0).
Net income $255M ($1.63 diluted EPS); adjusted $249M ($1.59). Production 202 MBOEPD, above guidance.
Murphy Oil redeems all outstanding 5.750% senior notes due 2025 on Oct 15, 2023
Notice of redemption for all $5.750% senior notes due 2025 issued on Sept 15, 2023.
Murphy Oil Q2 net income $0.62/sh; signs Côte d'Ivoire PSCs, agrees $150M Canadian divestiture
Q2 production 184 MBOEPD exceeded upper guidance; net income $98M ($0.62 diluted EPS); adjusted EPS $0.79.
Murphy Oil posts Q1 net income $192M, EPS $1.22; production exceeds guidance at 172.5 MBOEPD
Adjusted net income $195M ($1.24/diluted share); EBITDAX $474M.
Roger W. Landes, the Company’s Associate General Counsel, has been appointed the Interim General Counsel and Corporate Secretary.
E. Ted Botner, Executive Vice President, General Counsel and Corporate Secretary, will retire from his position as Executive Vice President, General Counsel and Corporate Secretary, effective immediately, and will retire from the Company on June 30, 2026.
On October 2, 2024, Murphy Oil Corporation (the “Company”) announced that the Board of Directors (the “Board”) has unanimously appointed Eric M. Hambly, currently the Company's President and Chief Operating Officer, as the President and Chief Executive Officer, effective as of January 1, 2025, and has also elected Mr. Hambly to the Board, effective as of January 1, 2025.
Mr. Hambly will be succeeding Roger W. Jenkins, who will be retiring as Chief Executive Officer of the Company and as a member of the Board, effective as of December 31, 2024, and thereafter is expected to serve as a non-executive employee.
On October 2, 2024, Murphy Oil Corporation (the “Company”) announced that the Board of Directors (the “Board”) has elected Robert B. Tudor, III, as an independent director to the Board, effective as of October 2, 2024.
appointed Mr. Eric M. Hambly, the Company’s current Executive Vice President, Operations, to the role of President and Chief Operating Officer of the Company, effective as of February 1, 2024.
Christopher D. Hulse, Vice President and Controller, the Company’s principal accounting officer, plans to leave the Company to pursue other opportunities on August 5, 2022
effective July 1, 2022, Paul D. Vaughan has been elected as the Company’s Vice President and Controller
the retirement, effective June 30, 2022, of David R. Looney, Executive Vice President and Chief Financial Officer.
Thomas J. “Tom” Mireles, age 49, will succeed Mr. Looney as Executive Vice President and Chief Financial Officer upon Mr. Looney’s retirement.
Max materiality 0.85 · Median 0.50 · Most common event other_material