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Otakeja Investment Summary Murphy Oil Corporation (NYSE: MUR ) is a renowned multinational energy company that operates on a global scale, involved in the exploration, production, refining, and marketing of valuable oil and gas resources. With a presence in multiple regions across the world, such as the United States, Canada, Malaysia, Vietnam, and Ecuador, Murphy Oil boasts a diverse portfolio of assets. The company’s upstream operations revolve around the exploration and extraction of crude oil and natural gas from various reserves. On the other hand, its downstream activities center on the refining and marketing of petroleum products to cater to the needs of consumers and industries. The last earnings report highlighted the company’s ability to outperform its own estimates and led to 172.5 thousand barrels of oil produced each day, driven by the excellent performance of assets and locations in the Gulf Of Mexico. Looking at a YoY basis the company increased the bottom line impressively, but the last year did have a $300 million derivative loss in the quarter which did drag down the results. Nonetheless, MUR has kept up strong margins and the valuation right now makes it a buy in my opinion. The solid performance recently […]
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