Murphy Oil (NYSE:MUR) Full Year 2024 Results
Key Financial Results
- 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.
- EPS: US$2.73 (down from US$4.27 in FY 2023).
MUR Production and Reserves
Oil reserves- Proven reserves: 275.1 MMbbls.
- Proven reserves: 2491.8 Bcf.
- Proven reserves: 38.6 MMbbls.
- Oil equivalent production: 64.755 MMboe (67.84 MMboe in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Murphy Oil Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 7.7%.
The primary driver behind last 12 months revenue was the Exploration and Production - United States segment contributing a total revenue of US$2.50b (83% of total revenue). The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$865.8m (47% of total expenses). Explore how MUR's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 4.4% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Murphy Oil that we have uncovered.
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About NYSE:MUR
Murphy Oil
Operates as an oil and gas exploration and production company in the United States, Canada, and internationally.
Established dividend payer and good value.
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