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Stock impact report

Murphy Oil Corporation Announces Close of Gulf of Mexico Acquisition and Provides Updated Guidance

Murphy Oil Corporation (MUR) 
Last murphy oil corporation earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.murphyoilcorp.com
Company Research Source: Business Wire
Accretive Cash Flow Generating Acquisition Increases Operatorship in the Region EL DORADO, Ark.--(BUSINESS WIRE)-- Murphy Oil Corporation (NYSE: MUR) (“Murphy”) announced that its wholly owned subsidiary, Murphy Exploration & Production Company - USA, has closed the previously announced strategic deep water Gulf of Mexico acquisition from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C., (“LLOG”). The transaction was previously announced on April 23, 2019, with an effective date of January 1, 2019. After taking into account customary closing adjustments, Murphy’s total cash consideration paid was $1.227 billion, which was funded primarily through the company’s $1.6 billion revolver and other sources of liquidity. The acquired assets will be fully owned by Murphy Exploration & Production Company – USA and not part of MP Gulf of Mexico, LLC (“MP GOM”), the entity w Show less Read more
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