Murphy Oil News

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Murphy Oil is one of a dwindling number of integrated oil and gas companies left in the United States and still operates a refining and marketing operation here and in Europe.

Murphy Oil Corporation announced today that it closed on the sale of $500 million of 4.00% coupon notes which will mature on June 1, 2022.

Murphy Oil is working on various crude oil plays in Canada and plans to use these areas to meet long term production goals established by the company.

Murphy Oil has fortified its balance sheet and believes the company is prepared financially to handle the extensive cost of exploring and developing its oil and gas assets in 2012 and beyond.

Murphy Oil plans to aggressively develop the Eagle Ford Shale as it looks to achieve company-wide production targets set at a recent analyst day meeting.

Murphy Oil Corporation on Tuesday sold $500 million of senior unsecured notes, said IFR, a Thomson Reuters service.

CEO David Wood, in a presentation at Murphy Oil Corp.'s annual shareholders' meeting on Wednesday, cited increased demand for energy and a growing retail sector as growth areas for the El Dorado company.

A number of other firms have also recently commented on MUR. Analysts at UBS AG cut their price target on shares of Murphy Oil Corp from $66.00 to $60.00 in a research note to investors on Thursday.

Good afternoon, and welcome to the Murphy Oil Corporation First Quarter 2012 Earnings Conference Call.

The firm currently has a "neutral" rating on the stock. Several other analysts have also recently commented on the stock.

EL DORADO, Ark. &#8212 Murphy Oil Corp. said Wednesday that its first-quarter net income rose 7.9 percent as its exploration expenses fell and it sold crude oil at higher prices on average.