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Exceeded Upper End of Guidance Range With Production of 202 MBOEPD, Sanctioned Lac Da Vang Field Development Project in Vietnam, Executed $249 Million of Debt Reduction, Repurchased $75 Million of Shares Outstanding HOUSTON–(BUSINESS WIRE)– Murphy Oil Corporation ( NYSE: MUR ) today announced its financial and operating results for the third quarter ended September 30, 2023, including net income attributable to Murphy of $255 million, or $1.63 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $249 million, or $1.59 adjusted net income per diluted share. Unless otherwise noted, the financial and operating highlights and metrics discussed in this news release exclude noncontrolling interest (NCI). 1 Highlights for the third quarter include: Exceeded upper end of guidance range with production of 202 thousand barrels of oil equivalent per day (MBOEPD), including 103 thousand barrels of oil per day (MBOPD) Redeemed remaining $249 million of 5.75% Senior Notes due 2025 Repurchased $75 million, or 1.7 million shares outstanding, at an average price of $44.53 per share Closed divestiture of certain non-core operated Kaybob Duvernay and all non-operated Placid Montney assets for net cash proceeds of $103 million […]
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