Murphy Oil Q1 net income drops to $53 million; revenue rises to $732.35 million
Murphy Oil Corporation
Murphy Oil Corporation MUR | 0.00 |
- Murphy Oil posted 1Q 2026 net income attributable to shareholders of USD 53 million, or USD 0.37 per diluted share.
- Revenue from production rose to USD 732.35 million.
- Net cash provided by continuing operations activities totaled USD 321.2 million, while free cash flow was USD 41.4 million.
- Total net production came in at 174,236 BOEPD, beating the high end of quarterly guidance on Eagle Ford outperformance and strong uptime in the Gulf of America.
- 2Q guidance calls for total net production of 161,000 to 169,000 BOEPD and capital expenditures of USD 350 million to USD 430 million; CEO Eric M. Hambly flagged continued focus on disciplined capital allocation and long-cycle projects, citing progress at Lac Da Vang and advancement of Chinook #8.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Murphy Oil Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260505024046) on May 06, 2026, and is solely responsible for the information contained therein.
