Murphy Oil falls on Q4 miss

Murphy Oil

30/01/2025 16:49

** Shares of U.S. oil and gas producer Murphy Oil  MUR.N 
fall 5% to $27.73 - lowest since July 2022
    ** Co reports Q4 adj. EPS of 35 cents vs. est. 56 cents -
LSEG
    ** Revenue fell 20.5% to $669.57 mln from a year ago;
analysts expected $740.18 mln
    ** MUR saw production hit of 10,800 barrels of oil
equivalent due to unplanned downtime, lower performance and
timing delay 
    ** Says capex for 2024 totaled $953 mln; forecasts 2025
capex to be in the range of $1.14 bln to $1.29 bln
    ** YTD, stock down 28%

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com;))