Murphy Oil CEO mulls buybacks before reaching $850 million debt target [Reuters]
Murphy Oil Corporation (MUR)
Last murphy oil corporation earnings: 1/30 06:00 am
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Source: Reuters
debt to $850 million within one year, Chief Executive Roger Jenkins said on Thursday. Oil producers including Murphy Oil are using cash from oil sales to clean their balance sheets and boost distributions to shareholders. “Deleveraging remains a big focus for us and we have been increasing our dividends,” Jenkins said during a webcast organized by JPMorgan. “I do believe that, while we may set that deleveraging goal, there is a way to have additional returns to shareholders along the way”. The company, which holds operations in the United States, Mexico, Brazil and Vietnam, is currently considering exercising its preferential rights and buy assets in the Gulf of Mexico that are partially owned by Brazil's Petroleo Brasileiro SA. Murphy has 80% of the joint venture that includes 14 blocks in the U.S. Gulf, with production around 50,000 barrels per day in 2021. Petrobras put its 20% stake for sale earlier this year. “It's very simple. We will buy it at a good price. Or we will
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News
- Murphy Oil Corporation (NYSE:MUR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Murphy Oil: Lining Up Growth Projects [Seeking Alpha]Seeking Alpha
- Murphy Oil (MUR) Q1 Earnings and Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
- Shareholders May Be More Conservative With Murphy Oil Corporation's (NYSE:MUR) CEO Compensation For Now [Yahoo! Finance]Yahoo! Finance
- Murphy Oil Corporation Announces First Quarter 2024 Financial and Operational Results, Reaffirms 2024 Production and Capital Expenditure Guidance Ranges [Yahoo! Finance]Yahoo! Finance
MUR
Earnings
- 5/2/24 - Miss
MUR
Sec Filings
- 5/10/24 - Form 8-K
- 5/2/24 - Form 8-K
- 5/2/24 - Form 10-Q
- MUR's page on the SEC website