Murphy Oil Corp. (MUR) has released an update to notify the public and investors about its officers.
Murphy Oil Corporation has promoted Eric M. Hambly to President and Chief Operating Officer, effective February 1, 2024. Hambly, who has been with the company since 2006 and has progressively advanced through various leadership roles, will continue to report to CEO Roger W. Jenkins. Along with his new position, his compensation has been adjusted to include a base salary of $650,000, with the potential for a 100% bonus and a $3,000,000 long-term incentive. His extensive experience in both offshore and onshore operations has been pivotal to the company’s success in areas such as the Gulf of Mexico, Malaysia, the US, and Canada.
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For a comprehensive understanding of the announcement, you can read the full document here.
