Murphy Oil reports Q4 adjusted EPS 35c, consensus 57c

Reports Q4 revenue $670.96M, consensus $734.27M. Q4 production averaged 175 thousand barrels of oil equivalent per day, which included 85 thousand barrels of oil per day. “I am pleased that in 2024, we continued to focus on our priorities of Delever, Execute, Explore and Return. As a result, we achieved Murphy 3.0 of our capital allocation framework, strengthened our balance sheet, increased our liquidity, made two impactful discoveries and advanced our Lac Da Vang field development project in Vietnam,” said CEO Eric Hambly. “Our discoveries at Hai Su Vang-1X in Vietnam and non-operated Ocotillo #1 in the Gulf of Mexico demonstrate our commitment to organically creating shareholder value and increasing our resource potential. These opportunities, alongside our existing portfolio, provide multi-basin optionality as we strive to remain an industry leader for decades to come. In 2025, we are looking forward to drilling multiple exploration prospects in the Gulf of Mexico, Vietnam and Cote d’Ivoire, and continually rewarding shareholders with our long-standing dividend and further share repurchases.”