Announcement • Apr 03
Murphy Oil Corporation to Report Q1, 2026 Results on May 06, 2026 Murphy Oil Corporation announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 06, 2026 Announcement • Apr 01
Murphy Oil Corporation Announces Quarterly Dividend on the Common Stock, Payable on June 1, 2026 The Board of Directors of Murphy Oil Corporation declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.35 per share, or $1.40 per share on an annualized basis. The dividend is payable on June 1, 2026, to stockholders of record as of May 18, 2026. Announcement • Mar 30
Murphy Oil Corporation, Annual General Meeting, May 13, 2026 Murphy Oil Corporation, Annual General Meeting, May 13, 2026. Announcement • Feb 24
Murphy Oil Corporation Announces Results of Caracal Exploration Well in Cote d'Ivoire Murphy Oil Corporation announced results from the Caracal-1X exploration well in Block CI-102 offshore Cote d'Ivoire. The well, which reached a total depth of 8,534 feet (2,601 meters), will be plugged and abandoned as a dry hole after encountering hydrocarbon shows. Results from Caracal-1X will inform Murphy's ongoing assessment of remaining prospectivity across its Cote d'IVOire acreage. Murphy, together with its partner Societe Nationale d'Operations Petrolieres de la Cote d'Ivoires (PETROCI), remains committed to moving forward with the Bubale-1X well in Block CI-709. This well targets a geological play independent from Civette-1X and Caracal-1X, the initial two wells in the three-well exploration campaign in Cote d'IvoIRE. Announcement • Jan 20
Murphy Oil Corporation Announces Results of Civette Exploration Well in Côte d’Ivoire Murphy Oil Corporation announced results from the Civette exploration well in Block CI-502 offshore Cote d'Ivoire. The Civette-1X well reached a total depth of 13,950 feet (4,252 meters) and encountered non-commercial hydrocarbons across multiple intervals. Murphy, together with its partner Societe Nationale d'Operations Petrolieres de la Cote d'Ivoires (PETROCI), will continue its exploration program in Cote d'IvoIRE with the Caracal and Bubale prospects, both targeting independent plays with significant resource potential. Announcement • Jan 03
Murphy Oil Corporation to Report Q4, 2025 Results on Jan 28, 2026 Murphy Oil Corporation announced that they will report Q4, 2025 results After-Market on Jan 28, 2026 Announcement • Nov 06
Murphy Oil Corporation Provides Production Guidance for the Fourth Quarter and Reaffirms Production Guidance for Full Year 2025 Murphy Oil Corporation provided production guidance for the fourth quarter and reaffirmed production guidance for full year 2025. For the quarter, the company expects total net production to be 176,000 BOEPD to 184,000 BOEPD.
For the full year, the company expects total net production to be 174,500 BOEPD to 182,500 BOEPD. Announcement • Oct 02
Murphy Oil Corporation to Report Q3, 2025 Results on Nov 05, 2025 Murphy Oil Corporation announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Announcement • Oct 01
Murphy Oil Corporation Announces Quarterly Cash Dividend, Payable on December 1, 2025 The Board of Directors of Murphy Oil Corporation declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.325 per share, or $1.30 per share on an annualized basis. The dividend is payable on December 1, 2025, to stockholders of record as of November 17, 2025. Announcement • Jul 01
Murphy Oil Corporation to Report Q2, 2025 Results on Aug 06, 2025 Murphy Oil Corporation announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Announcement • May 08
Murphy Oil Corporation Provides Production Guidance for the Second Quarter of 2025; Reaffirms Production Guidance for Full Year 2025 Murphy Oil Corporation provided production guidance for the second quarter of 2025; reaffirms production guidance for full year 2025. For the quarter, the company expects total net production to be 177,000 BOEPD to 185,000 BOEPD.
For the full year, the company expects total net production to be 174,500 BOEPD to 182,500 BOEPD. Announcement • Mar 31
Murphy Oil Corporation, Annual General Meeting, May 14, 2025 Murphy Oil Corporation, Annual General Meeting, May 14, 2025. Announcement • Dec 31
Murphy Oil Corporation to Report Q4, 2024 Results on Jan 30, 2025 Murphy Oil Corporation announced that they will report Q4, 2024 results Pre-Market on Jan 30, 2025 Announcement • Dec 26
Murphy Oil Corporation Appoints Tudor to the Nominating and Governance Committee and the Audit Committee of the Board On December 23, 2024, Murphy Oil Corporation the Board approved a recommendation by the Nominating and Governance Committee of the Board to appoint Mr. Tudor to the Nominating and Governance Committee and the Audit Committee of the Board, in each case effective immediately. Upcoming Dividend • Nov 11
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 18 November 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.7%). Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.94 (vs US$1.65 in 3Q 2023) Third quarter 2024 results: EPS: US$0.94 (down from US$1.65 in 3Q 2023). Revenue: US$758.3m (down 21% from 3Q 2023). Net income: US$139.7m (down 45% from 3Q 2023). Profit margin: 18% (down from 27% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Nov 07
Murphy Oil Corporation Provides Production Guidance for the Fourth Quarter and Full Year 2024 Murphy Oil Corporation provided production guidance for the fourth quarter and full year 2024. For the quarter, the company expects total net production to be 181,500 BOEPD to 189,500 BOEPD.
For the full year, the company expects total net production to be 180,000 BOEPD to 182,000 BOEPD. Declared Dividend • Oct 07
Second quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 18th November 2024 Payment date: 2nd December 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 02
Murphy Oil Corporation Declares Quarterly Cash Dividend, Payable on December 2, 2024 The Board of Directors of Murphy Oil Corporation declared a quarterly cash dividend on the Common Stock of $0.30 per share, or $1.20 per share on an annualized basis. The dividend is payable on December 2, 2024, to stockholders of record as of November 18, 2024. Announcement • Sep 26
Murphy Oil Corporation to Report Q3, 2024 Results on Nov 07, 2024 Murphy Oil Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 07, 2024 Declared Dividend • Aug 12
Second quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 19th August 2024 Payment date: 3rd September 2024 Dividend yield will be 3.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: US$0.84 (vs US$0.63 in 2Q 2023) Second quarter 2024 results: EPS: US$0.84 (up from US$0.63 in 2Q 2023). Revenue: US$802.8m (down 1.2% from 2Q 2023). Net income: US$128.4m (up 30% from 2Q 2023). Profit margin: 16% (up from 12% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 38% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Aug 08
Murphy Oil Corporation Provides Production Guidance for the Third Quarter and Full Year 2024 Murphy Oil Corporation provided production guidance for the third quarter and full year 2024. For the quarter, the company expects total net production to be 181,500 BOEPD to 189,500 BOEPD.
For the full year, the company expects total net production to be 180,000 BOEPD to 188,000 BOEPD. Announcement • Jun 28
Murphy Oil Corporation to Report Q2, 2024 Results on Aug 08, 2024 Murphy Oil Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 08, 2024 Upcoming Dividend • May 10
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.2%). Announcement • May 03
Murphy Oil Corporation Provides Production Guidance for the Second Quarter and Full Year 2024 Murphy Oil Corporation provided production guidance for the second quarter and full year 2024. For the quarter, the company expects total net production to be 176,000 BOEPD to 184,000 BOEPD.For the full year, the company expects total net production to be 180,000 BOEPD to 188,000 BOEPD. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.59 (vs US$1.23 in 1Q 2023) First quarter 2024 results: EPS: US$0.59 (down from US$1.23 in 1Q 2023). Revenue: US$796.4m (down 5.2% from 1Q 2023). Net income: US$90.9m (down 53% from 1Q 2023). Profit margin: 11% (down from 23% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 08
Fourth quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 17th May 2024 Payment date: 3rd June 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 03
Murphy Oil Corporation Announces Quarterly Dividend, Payable on June 3, 2024 The Board of Directors of Murphy Oil Corporation declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.30 per share, or $1.20 per share on an annualized basis. The dividend is payable on June 3, 2024, to stockholders of record as of May 20, 2024. Announcement • Apr 02
Murphy Oil Corporation to Report Q1, 2024 Results on May 02, 2024 Murphy Oil Corporation announced that they will report Q1, 2024 results Pre-Market on May 02, 2024 Announcement • Mar 22
Murphy Oil Corporation, Annual General Meeting, May 08, 2024 Murphy Oil Corporation, Annual General Meeting, May 08, 2024, at 10:00 Central Daylight. Agenda: To consider the election of Directors; to consider advisory vote to approve executive compensation; to consider approval of the action of the Audit Committee of the Board of Directors in appointing KPMG LLP as the Company's independent registered public accounting firm for 2024; and to consider such other business as may properly come before the meeting. Recent Insider Transactions • Feb 28
Insider recently sold €1.1m worth of stock On the 27th of February, Louis Utsch sold around 30k shares on-market at roughly €36.81 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.0m more than they bought in the last 12 months. Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: US$4.27 (vs US$6.23 in FY 2022) Full year 2023 results: EPS: US$4.27 (down from US$6.23 in FY 2022). Revenue: US$3.45b (down 12% from FY 2022). Net income: US$663.0m (down 31% from FY 2022). Profit margin: 19% (down from 25% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 09
Upcoming dividend of US$0.30 per share at 3.1% yield Eligible shareholders must have bought the stock before 16 February 2024. Payment date: 04 March 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (3.1%). Announcement • Feb 08
Murphy Oil Corporation Promotes Eric M. Hambly to Position of President and Chief Operating Officer and E. Ted Botner to Executive Vice President Murphy Oil Corporation announced the following promotions, effective February 1, 2024. The Board of Directors has appointed Eric M. Hambly to the role of President and Chief Operating Officer and E. Ted Botner to Executive Vice President. Mr. Hambly and Mr. Botner will continue to report to Roger W. Jenkins, Chief Executive Officer. Over his 18-year career with Murphy, Mr. Hambly has played a vital role in the success of Murphy’s global exploration and production operations. He has earned roles with increasing responsibilities primarily focusing on offshore operations in the Gulf of Mexico and Malaysia, as well as onshore operations in the US and Canada. He was promoted to his current position as Executive Vice President, Operations in 2020. Mr. Hambly earned bachelor’s and master’s degrees in chemical engineering from Brigham Young University and has completed the Advanced Management Program at Harvard Business School. Joining Murphy in 2001 as an attorney, Mr. Botner has held several positions with increasing responsibilities in the US and Malaysia culminating in 2020 to his current role as Senior Vice President, General Counsel and Corporate Secretary. Mr. Botner will maintain his role of General Counsel and Corporate Secretary. Mr. Botner earned bachelor’s degrees in arts and business administration from the University of Texas, a Master of Business Administration from Southern Methodist University and a law degree from the University of Arkansas. Declared Dividend • Jan 28
Fourth quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 16th February 2024 Payment date: 4th March 2024 Dividend yield will be 3.0%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 4.7% over the next 3 years. However, it would need to fall by 71% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jan 25
Full year 2023 earnings released: EPS: US$4.27 (vs US$6.23 in FY 2022) Full year 2023 results: EPS: US$4.27 (down from US$6.23 in FY 2022). Revenue: US$3.46b (down 11% from FY 2022). Net income: US$663.0m (down 31% from FY 2022). Profit margin: 19% (down from 25% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Announcement • Dec 28
Murphy Oil Corporation to Report Q4, 2023 Results on Jan 25, 2024 Murphy Oil Corporation announced that they will report Q4, 2023 results Pre-Market on Jan 25, 2024 Buying Opportunity • Dec 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be €48.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 0.1% per annum. Earnings is also forecast to decline by 4.1% per annum over the same time period. Announcement • Nov 03
Murphy Oil Corporation Provides Production Guidance for the Fourth Quarter and Full Year 2023 Murphy Oil Corporation raised production guidance for fourth quarter and full year 2023. Production for fourth quarter 2023 is estimated to be in the range of 181.5 to 189.5 MBOEPD with 95 MBOPD, or 51%, oil volumes. This range includes planned downtime of 500 BOEPD in the Gulf of Mexico and 1.5 MBOEPD onshore. Production is also impacted by mechanical issues in two operated Gulf of Mexico wells, with plans in place for workovers in 2024.The company is raising its full year 2023 production range to 185 to 187 MBOEPD, consisting of approximately 53% oil and 59% liquids volumes. This represents a 3 MBOEPD increase in the midpoint from the previous range. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$1.65 (vs US$3.40 in 3Q 2022) Third quarter 2023 results: EPS: US$1.65 (down from US$3.40 in 3Q 2022). Revenue: US$959.6m (down 18% from 3Q 2022). Net income: US$255.8m (down 52% from 3Q 2022). Profit margin: 27% (down from 45% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 87% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 03
Upcoming dividend of US$0.28 per share at 2.4% yield Eligible shareholders must have bought the stock before 10 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.8%). Announcement • Oct 05
Murphy Oil Corporation Declares Dividend for the Third Quarter of 2023, Payable December 1, 2023 The Board of Directors of Murphy Oil Corporation declared a quarterly cash dividend on the common stock of Murphy Oil Corporation of $0.275 per share, or $1.10 per share on an annualized basis. The dividend is payable on December 1, 2023, to stockholders of record as of November 13, 2023. Announcement • Sep 26
Murphy Oil Corporation to Report Q3, 2023 Results on Nov 02, 2023 Murphy Oil Corporation announced that they will report Q3, 2023 results Pre-Market on Nov 02, 2023 Announcement • Sep 16
An unknown buyer completed the acquisition of Kaybob Duvernay and Non-Operated Placid Montney Assets from Murphy Oil Corporation (NYSE:MUR). An unknown buyer agreed to acquire Kaybob Duvernay and Non-Operated Placid Montney Assets from Murphy Oil Corporation (NYSE:MUR) for CAD 150 million on July 31, 2023. The transaction is anticipated to close in the third quarter of 2023, subject to closing conditions and adjustments. No gain or loss is anticipated in relation to this transaction. The assets to be divested include the Saxon and Simonette areas of the Kaybob Duvernay, where Murphy holds a 70 percent working interest as operator, as well as Murphy’s 30 percent working interest in the Placid Montney assets operated by Athabasca Oil Corporation. Also included are batteries, pipelines and the assumption of related processing and marketing contracts. Scotiabank, Inc. acted as financial advisor to Murphy Oil Corporation.
An unknown buyer completed the acquisition of Kaybob Duvernay and Non-Operated Placid Montney Assets from Murphy Oil Corporation (NYSE:MUR) on September 15, 2023. After closing adjustments, Murphy received cash proceeds of approximately CAD141 million and there is no cash tax liability expected with this transaction. Recent Insider Transactions • Aug 11
Independent Director recently sold €4.0m worth of stock On the 8th of August, Robert Murphy sold around 100k shares on-market at roughly €39.55 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €19m more than they bought in the last 12 months. Announcement • Aug 04
An unknown buyer agreed to acquire Kaybob Duvernay and Non-Operated Placid Montney Assets from Murphy Oil Corporation (NYSE:MUR) for CAD 150 million. An unknown buyer agreed to acquire Kaybob Duvernay and Non-Operated Placid Montney Assets from Murphy Oil Corporation (NYSE:MUR) for CAD 150 million on July 31, 2023. The transaction is anticipated to close in the third quarter of 2023, subject to closing conditions and adjustments. No gain or loss is anticipated in relation to this transaction. The assets to be divested include the Saxon and Simonette areas of the Kaybob Duvernay, where Murphy holds a 70 percent working interest as operator, as well as Murphy’s 30 percent working interest in the Placid Montney assets operated by Athabasca Oil Corporation. Also included are batteries, pipelines and the assumption of related processing and marketing contracts. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$0.63 (vs US$2.26 in 2Q 2022) Second quarter 2023 results: EPS: US$0.63 (down from US$2.26 in 2Q 2022). Revenue: US$814.6m (down 32% from 2Q 2022). Net income: US$98.9m (down 72% from 2Q 2022). Profit margin: 12% (down from 29% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 4.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 17
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 2.7%. The fair value is estimated to be €44.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 4.7% per annum. Earnings is also forecast to decline by 18% per annum over the same time period. Announcement • Jul 06
Murphy Oil Corporation to Report Q2, 2023 Results on Aug 03, 2023 Murphy Oil Corporation announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 03, 2023 Announcement • Jun 25
Murphy Oil Corporation(NYSE:MUR) dropped from Russell Small Cap Comp Growth Index Murphy Oil Corporation(NYSE:MUR) dropped from Russell Small Cap Comp Growth Index Recent Insider Transactions • May 19
Executive VP & CFO recently sold €473k worth of stock On the 18th of May, Thomas Mireles sold around 15k shares on-market at roughly €32.63 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Thomas has been a net seller over the last 12 months, reducing personal holdings by €1.2m. Upcoming Dividend • May 05
Upcoming dividend of US$0.28 per share at 3.3% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.8%). Announcement • May 04
Murphy Oil Corporation Provides Production Guidance for the Second Quarter and Full Tear 2023 Murphy Oil Corporation provided production guidance for the second quarter and full tear 2023. The company reaffirmed its full year 2023 production range of 175.5 to 183.5 MBOEPD, consisting of approximately 55% oil and 61% liquids volumes. Production for second quarter 2023 is estimated to be in the range of 173 to 181 MBOEPD with 95 MBOPD, or 54%, oil volumes. This range includes planned downtime of 6.7 MBOEPD offshore and 3.0 MBOEPD onshore. Reported Earnings • May 04
First quarter 2023 earnings released: EPS: US$1.23 (vs US$0.73 loss in 1Q 2022) First quarter 2023 results: EPS: US$1.23 (up from US$0.73 loss in 1Q 2022). Revenue: US$841.7m (down 3.4% from 1Q 2022). Net income: US$191.4m (up US$304.2m from 1Q 2022). Profit margin: 23% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Revenue is expected to decline by 5.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$6.23 (vs US$0.47 loss in FY 2021) Full year 2022 results: EPS: US$6.23 (up from US$0.47 loss in FY 2021). Revenue: US$3.90b (up 71% from FY 2021). Net income: US$967.1m (up US$1.04b from FY 2021). Profit margin: 25% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Oil reserves and sales price Proven reserves: 303.6 MMbbls Average sales price/bbl (hedged): US$94.89 Gas reserves and sales price Proven reserves: 2219.9 Bcf Average sales price/mcf (hedged): US$3.66 LNG reserves Proven reserves: 41.7 MMbbls Combined production and costs Oil equivalent production: 60.96 MMboe (57.63 MMboe in FY 2021) Average production cost/Boe: US$11.43 (US$9.36/Boe in FY 2021) Revenue is expected to decline by 4.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 17
Insider recently sold €442k worth of stock On the 14th of February, Louis Utsch sold around 11k shares on-market at roughly €40.53 per share. This transaction amounted to 53% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €24m more than they bought in the last 12 months. Recent Insider Transactions • Feb 09
VP & Controller recently sold €304k worth of stock On the 6th of February, Paul Vaughan sold around 8k shares on-market at roughly €38.47 per share. This transaction amounted to 63% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €7.3m. Insiders have been net sellers, collectively disposing of €24m more than they bought in the last 12 months. Upcoming Dividend • Feb 03
Upcoming dividend of US$0.28 per share at 2.7% yield Eligible shareholders must have bought the stock before 10 February 2023. Payment date: 01 March 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.3%). Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$6.23 (vs US$0.47 loss in FY 2021) Full year 2022 results: EPS: US$6.23 (up from US$0.47 loss in FY 2021). Revenue: US$4.22b (up 51% from FY 2021). Net income: US$967.1m (up US$1.04b from FY 2021). Profit margin: 23% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Oil reserves Proven reserves: 287 MMbbls Gas reserves Proven reserves: 2214 Bcf LNG reserves Proven reserves: 41 MMbbls Combined production and costs Oil equivalent production: 60.96 MMboe (57.63 MMboe in FY 2021) Average production cost/Boe: US$11.43 (US$9.36/Boe in FY 2021) Revenue is expected to decline by 8.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 8.1%. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Dec 30
Murphy Oil Corporation to Report Q4, 2022 Results on Jan 26, 2023 Murphy Oil Corporation announced that they will report Q4, 2022 results Pre-Market on Jan 26, 2023 Recent Insider Transactions • Nov 16
CEO, President & Director recently sold €7.3m worth of stock On the 11th of November, Roger Jenkins sold around 150k shares on-market at roughly €48.92 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Roger has been a net seller over the last 12 months, reducing personal holdings by €15m. Recent Insider Transactions • Nov 11
Independent Director recently sold €2.4m worth of stock On the 8th of November, Robert Murphy sold around 50k shares on-market at roughly €47.67 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €14m more than they bought in the last 12 months. Reported Earnings • Nov 04
Third quarter 2022 earnings released Third quarter 2022 results: Net income: US$528.9m (up 385% from 3Q 2021). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.4% decline forecast for the Oil and Gas industry in Germany. Announcement • Nov 04
Murphy Oil Corporation Provides Production Guidance for the Fourth Quarter and Full Year of 2022 Murphy Oil Corporation provided production guidance for the fourth quarter and full year of 2022. Full year 2022 production guidance is being revised to a range of 164 to 172 MBOEPD, with a production mix of approximately 54 percent oil and 60 percent total liquids volumes. Fourth quarter 2022 production is estimated to be in the range of 173.5 to 181.5 MBOEPD with 55 percent oil volumes. This range is impacted by 9.5 MBOEPD of total offshore downtime, including 1.6 MBOEPD for downstream weather impacts associated with Hurricane Ian, as well as an estimated 10.5 MBOEPD for forecasted Tupper Montney royalties. Both production and CAPEX guidance ranges exclude Gulf of Mexico NCI. Upcoming Dividend • Nov 03
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 10 November 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (5.2%). Higher than average of industry peers (1.0%). Announcement • Oct 06
Murphy Oil Corporation Declares Quarterly Cash Dividend on the Common Stock, Payable on December 1, 2022 Murphy Oil Corporation declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.25 per share, or $1.00 per share on an annualized basis. The dividend is payable on December 1, 2022, to stockholders of record as of November 14, 2022. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 18% share price gain to €39.74, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 154% over the past three years. Announcement • Oct 01
Murphy Oil Corporation to Report Q3, 2022 Results on Nov 03, 2022 Murphy Oil Corporation announced that they will report Q3, 2022 results Pre-Market on Nov 03, 2022 Recent Insider Transactions • Sep 14
Independent Director recently sold €201k worth of stock On the 13th of September, T. Collins sold around 5k shares on-market at roughly €40.30 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €202k. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. Recent Insider Transactions • Sep 08
Insider recently sold €168k worth of stock On the 2nd of September, John Gardner sold around 4k shares on-market at roughly €39.40 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €428k. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. Recent Insider Transactions • Aug 23
Executive VP & CFO recently sold €202k worth of stock On the 22nd of August, Thomas Mireles sold around 6k shares on-market at roughly €36.47 per share. In the last 3 months, there was an even bigger sale from another insider worth €7.8m. Thomas has been a seller over the last 12 months, reducing personal holdings by €288k. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$2.26 (vs US$0.41 loss in 2Q 2021) Second quarter 2022 results: EPS: US$2.26 (up from US$0.41 loss in 2Q 2021). Revenue: US$1.20b (up 58% from 2Q 2021). Net income: US$351.5m (up US$414.5m from 2Q 2021). Profit margin: 29% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 8.1%, compared to a 32% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
Murphy Oil Corporation Provides Production Guidance for the Third Quarter and Full Year of 2022 Murphy Oil Corporation provided production guidance for the third quarter and full year of 2022. For the quarter, the company expects production is estimated to be in the range of 180 MBOEPD to 188 MBOEPD with 49% oil volumes.For the year, the company expects production guidance to 168 MBOEPD to 176 MBOEPD, with a production mix of approximately 52% oil and 58% total liquids volumes. This represents a new annual production midpoint of 172 MBOEPD, compared to the previous midpoint of 168 MBOEPD. Announcement • Aug 04
Murphy Oil Corporation Declares Quarterly Cash Dividend, Payable on September 1, 2022 The Board of Directors of Murphy Oil Corporation declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.25 per share, or $1.00 per share on an annualized basis. This amount represents a 43% increase from the previous quarter and a 100% increase from fourth quarter 2021. The dividend is payable on September 1, 2022, to stockholders of record as of August 15, 2022. Announcement • Jun 30
Murphy Oil Corporation to Report Q2, 2022 Results on Aug 04, 2022 Murphy Oil Corporation announced that they will report Q2, 2022 results at 9:30 AM, US Eastern Standard Time on Aug 04, 2022 Announcement • Jun 29
Murphy Oil Corporation Announces Executive Changes Murphy Oil Corporation announced that on June 27, 2022, 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, and that, effective July 1, 2022, Paul D. Vaughan has been elected as the Company's Vice President and Controller, in which capacity Mr. Vaughan will serve as the Company's principal accounting officer. Mr. Vaughn, age 55, began his career in the finance department with the Company in 1998, holding roles with increasing responsibility, culminating in his current position in 2017 of Vice President and Controller, US, Central and South America, for the Company's wholly owned subsidiary, Murphy Exploration and Production Company. Mr. Vaughan holds a bachelor's degree in Accounting from the University of Alabama and a bachelor's degree in History from Samford University. In his new role, Mr. Vaughan will also serve as Murphy's principal accounting officer and report to Thomas J. (Tom) Mireles, incoming Executive Vice President and Chief Finance Officer. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €34.49, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 76% over the past three years. Recent Insider Transactions • Jun 02
CEO, President & Director recently sold €7.8m worth of stock On the 31st of May, Roger Jenkins sold around 194k shares on-market at roughly €40.14 per share. This was the largest sale by an insider in the last 3 months. This was Roger's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improved over the past week After last week's 17% share price gain to €37.68, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 92% over the past three years. Recent Insider Transactions • May 13
Independent Director recently sold €85k worth of stock On the 10th of May, Elisabeth Keller sold around 3k shares on-market at roughly €30.75 per share. In the last 3 months, there was an even bigger sale from another insider worth €211k. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €31.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €60.49 per share. Upcoming Dividend • May 06
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 13 May 2022. Payment date: 01 June 2022. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (1.0%). Reported Earnings • May 05
First quarter 2022 earnings released: US$0.73 loss per share (vs US$1.87 loss in 1Q 2021) First quarter 2022 results: US$0.73 loss per share (up from US$1.87 loss in 1Q 2021). Revenue: US$553.0m (down 6.7% from 1Q 2021). Net loss: US$112.8m (loss narrowed 61% from 1Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 51% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. 
