Reported Earnings • Aug 07
Second quarter 2026 earnings released: EPS: US$1.62 (vs US$0.15 in 2Q 2025) Second quarter 2026 results: EPS: US$1.62 (up from US$0.15 in 2Q 2025). Revenue: US$926.3m (up 36% from 2Q 2025). Net income: US$232.6m (up US$211.6m from 2Q 2025). Profit margin: 25% (up from 3.1% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Aug 07
Murphy Oil Corporation Provides Production Guidance for the Third Quarter and Full Year 2026 Murphy Oil Corporation provided production guidance for the third quarter and full year 2026. For the quarter, the company expects total net production, excl. NCI of 171,000 to 179,000 BOEPD.
For the year, the company expects total Net Production, excl. NCI of 167,000 to 175,000 BOEPD. New Risk • Aug 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 226% Cash payout ratio: 113% Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (3.0% net profit margin). Announcement • Aug 05
Murphy Oil Corporation Declares A Quarterly Cash Dividend on the Common Stock, Payable on September 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 September 1, 2026, to stockholders of record as of August 17, 2026. Announcement • Jul 07
Murphy Oil Corporation to Report Q2, 2026 Results on Aug 05, 2026 Murphy Oil Corporation announced that they will report Q2, 2026 results After-Market on Aug 05, 2026 Announcement • Jun 25
Murphy Oil Corporation Announces Oil Discovery At Bubale-1X Offshore Côte D’Ivoire Murphy Oil Corporation announced an oil discovery at the Bubale-1X exploration well in Block CI-709, located approximately 40 miles offshore Côte d’Ivoire. The Bubale-1X well was drilled to a total depth of 20,548 feet (6,263 meters) in 7,795 feet (2,376 meters) of water. The well encountered 100 feet (30 meters) of net oil pay across two reservoirs, with preliminary assessment indicating high-quality light oil. The Bubale-1X well is the third and final well in Murphy’s current three-well exploration campaign in Côte d’Ivoire. Following these results, Murphy will move into the next phase of evaluation, with one well planned for the second half of 2026 to test the extent of the discovery. The Bubale-1X well was spud in late February 2026 by Murphy CI-709 Oil Co. Ltd., a subsidiary of Murphy Oil Corporation and operator of Block CI-709. Murphy holds a 90% working interest in the block, with Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (PETROCI) holding the remaining 10 percent. Announcement • Jun 13
Murphy Oil Corporation Announces Executive Changes, Effective June 11, 2026 Murphy Oil Corporation announced that E. Ted Botner, Executive Vice President, General Counsel and Corporate Secretary, retired from his position as Executive Vice President, General Counsel and Corporate Secretary, effective June 11, 2026, and will retire from the Company on June 30, 2026. Murphy Oil Corporation announced that Roger W. Landes, the Company's Associate General Counsel, has been appointed the Interim General Counsel and Corporate Secretary, effective June 11, 2026. Upcoming Dividend • May 11
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 18 May 2026. Payment date: 01 June 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (5.7%). In line with average of industry peers (3.9%). Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$0.37 (vs US$0.51 in 1Q 2025) First quarter 2026 results: EPS: US$0.37 (down from US$0.51 in 1Q 2025). Revenue: US$732.4m (up 8.9% from 1Q 2025). Net income: US$53.5m (down 27% from 1Q 2025). Profit margin: 7.3% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Declared Dividend • Apr 05
Fourth quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 18th May 2026 Payment date: 1st June 2026 Dividend yield will be 3.3%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is not covered by earnings (179% earnings payout ratio) nor is it covered by cash flows (101% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 99% to bring the payout ratio under control. EPS is expected to grow by 73% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. 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. Recent Insider Transactions • Mar 13
Insider recently sold US$1.6m worth of stock On the 11th of March, Daniel Hanchera sold around 47k shares on-market at roughly US$33.79 per share. This transaction amounted to 57% 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 US$1.9m more than they bought in the last 12 months. Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: US$0.72 (vs US$2.73 in FY 2024) Full year 2025 results: EPS: US$0.72 (down from US$2.73 in FY 2024). Revenue: US$2.69b (down 11% from FY 2024). Net income: US$103.7m (down 75% from FY 2024). Profit margin: 3.9% (down from 14% in FY 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • Feb 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 179% Cash payout ratio: 101% Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.9% net profit margin). 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. Declared Dividend • Feb 01
Fourth quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 17th February 2026 Payment date: 2nd March 2026 Dividend yield will be 4.6%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is not covered by earnings (179% earnings payout ratio) nor is it covered by cash flows (101% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 99% to bring the payout ratio under control. EPS is expected to grow by 116% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Jan 30
Full year 2025 earnings released: EPS: US$0.72 (vs US$2.73 in FY 2024) Full year 2025 results: EPS: US$0.72 (down from US$2.73 in FY 2024). Revenue: US$2.69b (down 11% from FY 2024). Net income: US$103.7m (down 75% from FY 2024). Profit margin: 3.9% (down from 14% in FY 2024). Oil reserves Proven reserves: 255 MMbbls Gas reserves Proven reserves: 2544 Bcf LNG reserves Proven reserves: 36 MMbbls Combined production Oil equivalent production: 66.538 MMboe (64.755 MMboe in FY 2024) Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 1.2% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. 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. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$35.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 7.3% over the past three years. 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 Upcoming Dividend • Nov 10
Upcoming dividend of US$0.33 per share Eligible shareholders must have bought the stock before 17 November 2025. Payment date: 01 December 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.6%. Lower than top quartile of British dividend payers (5.5%). In line with average of industry peers (4.5%). Reported Earnings • Nov 06
Third quarter 2025 earnings released: US$0.017 loss per share (vs US$0.94 profit in 3Q 2024) Third quarter 2025 results: US$0.017 loss per share (down from US$0.94 profit in 3Q 2024). Revenue: US$733.0m (down 2.7% from 3Q 2024). Net loss: US$2.48m (down 102% from profit in 3Q 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. 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. Declared Dividend • Oct 06
Second quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 17th November 2025 Payment date: 1st December 2025 Dividend yield will be 4.3%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (41% 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 95% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 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. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$30.37, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 4.9% over the past three years. Declared Dividend • Aug 10
Second quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 18th August 2025 Payment date: 2nd September 2025 Dividend yield will be 5.5%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (41% 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 89% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: US$0.15 (vs US$0.84 in 2Q 2024) Second quarter 2025 results: EPS: US$0.15 (down from US$0.84 in 2Q 2024). Revenue: US$695.6m (down 13% from 2Q 2024). Net income: US$21.0m (down 84% from 2Q 2024). Profit margin: 3.0% (down from 16% in 2Q 2024). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 29
Now 22% undervalued Over the last 90 days, the stock has risen 29% to US$26.38. The fair value is estimated to be US$33.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to decline by 0.4% in 2 years. Earnings are forecast to grow by 4.3% in the next 2 years. 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 Upcoming Dividend • May 09
Upcoming dividend of US$0.33 per share Eligible shareholders must have bought the stock before 16 May 2025. Payment date: 02 June 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (5.4%). 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. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: US$0.51 (vs US$0.59 in 1Q 2024) First quarter 2025 results: EPS: US$0.51 (down from US$0.59 in 1Q 2024). Revenue: US$665.7m (down 16% from 1Q 2024). Net income: US$73.7m (down 19% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year. Declared Dividend • Apr 06
Fourth quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 16th May 2025 Payment date: 2nd June 2025 Dividend yield will be 5.6%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (23% 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 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$22.46, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 42% over the past three years. Announcement • Mar 31
Murphy Oil Corporation, Annual General Meeting, May 14, 2025 Murphy Oil Corporation, Annual General Meeting, May 14, 2025. Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: US$2.73 (vs US$4.27 in FY 2023) Full year 2024 results: EPS: US$2.73 (down from US$4.27 in FY 2023). Revenue: US$3.02b (down 13% from FY 2023). Net income: US$410.0m (down 38% from FY 2023). Profit margin: 14% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue. Oil reserves Proven reserves: 275.1 MMbbls Gas reserves Proven reserves: 2491.8 Bcf LNG reserves Proven reserves: 38.6 MMbbls Combined production Oil equivalent production: 64.755 MMboe (67.84 MMboe in FY 2023) Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 1.3% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 07
Key Executive recently bought US$2.7m worth of stock On the 5th of February, Claiborne Deming bought around 100k shares on-market at roughly US$26.51 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Claiborne's only on-market trade for the last 12 months. Declared Dividend • Feb 01
Fourth quarter dividend increased to US$0.33 Dividend of US$0.33 is 8.3% higher than last year. Ex-date: 18th February 2025 Payment date: 3rd March 2025 Dividend yield will be 4.5%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 31
Full year 2024 earnings released: EPS: US$2.73 (vs US$4.27 in FY 2023) Full year 2024 results: EPS: US$2.73 (down from US$4.27 in FY 2023). Revenue: US$3.03b (down 12% from FY 2023). Net income: US$410.0m (down 38% from FY 2023). Profit margin: 14% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 2.4% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. 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 British dividend payers (5.9%). Lower than average of industry peers (5.2%). 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, compared to a 1.9% decline forecast for the Oil and Gas industry in the United Kingdom. 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 5% 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 06
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 3.3%, which is lower than the industry average of 6.7%. 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 11
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 3.2%, which is lower than the industry average of 6.7%. 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. 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, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. 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 19% 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 British dividend payers (5.7%). Lower than average of industry peers (4.3%). 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 02
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, compared to a 1.3% decline forecast for the Oil and Gas industry in the United Kingdom. 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 36% 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 2.3%, which is lower than the industry average of 6.7%. 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 US$1.2m worth of stock On the 27th of February, Louis Utsch sold around 30k shares on-market at roughly US$39.94 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 US$6.5m 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 compared to a 1.7% decline forecast for the Oil and Gas industry in the United Kingdom. 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 32% 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 British dividend payers (6.1%). Lower than average of industry peers (4.8%). 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 increased to US$0.30 Dividend of US$0.30 is 9.1% higher than last year. Ex-date: 16th February 2024 Payment date: 4th March 2024 Dividend yield will be 3.0%, which is lower than the industry average of 6.7%. 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 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$3.46b (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 expected to fall by 1.5% p.a. on average during the next 3 years compared to a 1.5% decline forecast for the Oil and Gas industry in the United Kingdom. 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 43% 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 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. 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 British dividend payers (6.7%). Lower than average of industry peers (6.4%). 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 fall by 1.4% p.a. on average during the next 3 years compared to a 2.9% decline forecast for the Oil and Gas industry in the United Kingdom. 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 US$4.3m worth of stock On the 8th of August, Robert Murphy sold around 100k shares on-market at roughly US$43.30 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 US$20m 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 fall by 4.9% p.a. on average during the next 3 years compared to a 2.9% decline forecast for the Oil and Gas industry in the United Kingdom. Buying Opportunity • Jul 14
Now 22% undervalued Over the last 90 days, the stock is up 2.3%. The fair value is estimated to be US$51.09, 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 US$509k worth of stock On the 18th of May, Thomas Mireles sold around 15k shares on-market at roughly US$35.14 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 US$1.3m. Upcoming Dividend • May 05
Upcoming dividend of US$0.28 per share at 3.2% 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: 3.2%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (6.2%). 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 fall by 5.6% p.a. on average during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in the United Kingdom. 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 56% per year, which means it is significantly lagging earnings growth. 
