Murphy Oil

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced that its subsidiary has drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2/17 in the Cuu Long Basin, located 40 miles offshore Vietnam. The well was drilled to total depth of 13,124 feet in 149 feet of water. Hai Su Vang-1X encountered approximately 370 feet of net oil pay from two reservoirs. Additional evaluation is ongoing and future appraisal drilling will be conducted. Hai Su Vang is one.» Mehr auf businesswire.com

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced that Eric M. Hambly, President and Chief Executive Officer, will participate on a panel at the Goldman Sachs Energy, CleanTech & Utilities Conference 2025 on Wednesday, January 8 at 3:00 p.m. Eastern Standard Time (EST). The webcast will be available on the company's website at http://ir.murphyoilcorp.com. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy.» Mehr auf businesswire.com

Murphy Oil Corporation's diversified portfolio spans the Americas, with significant assets in the U.S., Canada, Mexico, and exploration in Vietnam, aiming for mid single-digit production growth. The company is committed to reducing long-term debt to $1 billion by mid-2025, enhancing financial stability and positioning for downturns. Murphy's 3.0 capital allocation strategy focuses on shareholder returns, with 50% of FCF allocated to buybacks and dividends, achieving double-digit returns.» Mehr auf seekingalpha.com