Murphy Oil Corporation (MUR)

Nov 11, 2026

Murphy Oil Corporation signed four production-sharing contracts with Cameroon for offshore blocks in the Douala/Kribi-Campo Basin, with an estimated exploration program value of $202.4 million (CFA113.3 billion). However, nearly 99% of this investment, primarily for drilling, is contingent on optional extensions of the initial three-year exploration period. The initial commitment involves $2.4 million for geoscience studies, with drilling obligations only arising in potential two-year extensions, differing from SNH's original tender requirements.

Nov 11, 2026

Murphy Oil has secured six offshore exploration licenses in Israel's Zone G, a frontier area near the Leviathan gas field, where it will hold a 50% operated stake with Ratio Energies. This move marks Murphy Oil's expansion into the Eastern Mediterranean, a significant natural gas province, enhancing industry interest in the region's resource potential. The partnership provides Murphy with an operated position in a new growth region outside its established core areas.

Nov 9, 2026

Ratio Petroleum has partnered with US company Murphy Oil Corporation for gas exploration in Cluster G in Israel's economic waters, replacing Italian giant ENI due to political considerations. The Ministry of Energy has granted Ratio the license, allowing up to three years for exploration. This partnership is significant for Israel's energy sector, potentially fostering greater competition and increasing gas reserves for domestic use and export.

Nov 6, 2026

Murphy Oil has secured operatorship of the C-10 and Tiof blocks offshore Mauritania through new production-sharing contracts, significantly expanding its West Africa exploration portfolio by approximately 3.1 million acres. This strategic move follows recent exploration success offshore Côte d'Ivoire and positions Murphy as a key player in the emerging Northwest Africa basin, where it will hold a 90% operated interest with state-owned SMH holding the remaining 10%. The company plans to jointly study the exploration potential of these frontier blocks, reinforcing its regional growth strategy.

Nov 5, 2026

Murphy Oil announced successful project completions in the Gulf of Mexico and Vietnam, including the Chinook 8 and Lac Da Vang projects, both on time and budget. The company also confirmed significant oil presence in Côte d’Ivoire and exceeded production guidance in its Gulf of Mexico and Eagle Ford operations. Looking ahead, Murphy Oil plans increased capital investment in the Eagle Ford and significant exploration and appraisal activities in 2027, particularly in Côte d’Ivoire and Vietnam, while balancing shareholder returns with financial strength.

Nov 5, 2026

Murphy Oil Corp. reported a significant profit increase in the third quarter of 2026, reaching $171.1 million, or $1.17 per share, surpassing analyst estimates. The company also exceeded its production guidance, achieving 186,500 barrels of oil equivalent per day, and subsequently raised its full-year production outlook. This performance was attributed to accelerated activity in the Eagle Ford Shale, strong well performance, and minimal storm downtime.

Nov 4, 2026

Murphy Oil (NYSE:MUR) reported strong Q3 2026 results, surpassing market revenue expectations with a 15.9% year-on-year increase to $849.2 million. The company's non-GAAP profit of $1.08 per share also significantly beat analysts' consensus estimates by 25.3%. Despite a decline in oil production, Murphy Oil demonstrated improved efficiency with an EBITDA margin of 64% and strong free cash flow insulation from commodity swings.

Nov 4, 2026

Murphy Oil Corporation reported strong third-quarter 2026 results, surpassing production guidance with 186,500 BOEPD, primarily due to accelerated Eagle Ford Shale well deliveries and new Tupper Montney results. The company also announced new oil discoveries in Vietnam and achieved first oil at the Lac Da Vang field, along with positive appraisal results in Côte d'Ivoire. Murphy Oil raised its full-year production outlook and maintained capital expenditure guidance, while returning $50 million to shareholders via dividends.

Oct 30, 2026

Vanguard Capital Management has reported a 5% stake in Murphy Oil Corp, as detailed in a Schedule 13G filing with the SEC. As of September 30, 2026, the firm beneficially owns 7,173,535 shares of common stock, demonstrating sole dispositive power over all shares and sole voting power over 1,055,340 shares. This acquisition is part of ordinary business activities and is spread across various Vanguard funds and managed accounts.

Oct 28, 2026

Zacks Research has increased its Q3 2026 earnings per share estimate for Murphy Oil (NYSE:MUR) to $0.40, with full-year earnings projected at $3.65 per share. The company currently holds a "Hold" consensus rating from analysts, with an average target price of $39.75. Murphy Oil also declared a quarterly dividend of $0.35 per share, representing an annualized yield of 3.2%.