Murphy Oil | Latest News & Updates - Feb 05, 2025 Release

Murphy Oil plans to invest $110 million in Vietnam in 2025, focusing on the Lạc Đà Vàng oil field development...


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Murphy Oil

🌎 murphyoilcorp.com

Murphy Oil Corporation is a global independent oil and natural gas exploration and production company headquartered in Houston, Texas. The company operates both offshore and onshore, with significant assets in the Gulf of Mexico, offshore Canada, and various North American onshore plays such as the Eagle Ford Shale and Kaybob Duvernay. Murphy Oil is committed to sustainable energy practices and has a focused portfolio that supports its exploration and production activities.


Murphy Oil - Latest News and Updates

  • Murphy Oil plans to invest $110 million in Vietnam in 2025, focusing on the Lạc Đà Vàng oil field development.
  • Murphy Oil's stock hit a new 52-week low at $25.26, with analysts giving it an average 'Hold' rating and a consensus target price of $36.33.
  • As of February 6, 2025, Murphy Oil has a market capitalization of $3.8 billion, a price-earnings ratio of 9.7, and its stock is down 10.3% in 2025.
  • Capital One Financial increased their Q2 2025 earnings estimate for Murphy Oil to $0.95 per share, while Murphy Oil reported Q4 earnings of $0.35 per share, missing the consensus estimate of $0.62.
  • Eric Hambly, the new CEO of Murphy Oil, plans to focus on offshore exploration in 2025 with multiple drilling projects in the US Gulf of Mexico, Ivory Coast, and Vietnam.
  • Murphy Oil reported fourth-quarter revenue of $670.96 million, missing analysts' estimates, leading to a series of price target reductions by analysts from Keybanc, UBS, Barclays, Wells Fargo, and Truist Securities.

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