Murphy Oil Corp (MEX:MUR)

MXN 479 (0%) Market Cap: 65.63 Bil Enterprise Value: 102.57 Bil PE Ratio: 9.41 PB Ratio: 0.68 GF Score: 46/100

Q1 2025 Murphy Oil Corp Earnings Call Transcript

May 8, 2025 / 01:00 PM GMT

Release Date Price: MXN647.55

Transcript 10-Q8-K

Key Points

Positve

Murphy Oil Corp (MUR) achieved 1 million work hours with no lost time injuries on a major project, highlighting strong safety performance.
The company successfully drilled its longest laterals in company history in the Eagle Ford Shale and Tupper Montney, indicating operational advancements.
Murphy Oil Corp (MUR) returned $147 million to shareholders in the first quarter through share repurchases and dividends, demonstrating a commitment to shareholder returns.
The acquisition of the Pioneer floating production storage and offloading vessel is expected to reduce annual net operating expenses by approximately $50 million, achieving a two-year payback.
Murphy Oil Corp (MUR) made a significant oil discovery in Vietnam, enhancing the value of its growing Vietnam business and supporting future development plans.

Negative

Murphy Oil Corp (MUR) experienced approximately 6,000 barrels of oil equivalent per day of production impacts due to non-operated unplanned downtime and other challenges.
The company faced production curtailments in non-operated offshore Canada due to temporary logistics challenges and winter storm activity.
Murphy Oil Corp (MUR) had to draw on its revolving credit facility, primarily driven by share repurchases and capital weighting, raising concerns about financial flexibility.
The recent oil discovery in Vietnam was smaller than pre-drill expectations, encountering oil in only one pay sand instead of multiple.
Murphy Oil Corp (MUR) faces potential challenges in maintaining production levels if oil prices fall below $55 per barrel, which could lead to reduced capital spending.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MUR.N - Murphy Oil Corp
Q1 2025 Murphy Oil Corp Earnings Call
May 08, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen and welcome to the Murphy Oil Corporation. First quarter 2025 earnings conference call and webcast. If at any time this call we need assistance, please press 0 for the operator. This call is being recorded on Thursday, May 8th of 2025. I'd now like to turn the conference over to Kelly Riley, Vice President In investor relations and communications. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator, and good morning everyone, and thank you for joining us on our first quarter earnings call today. With me are Eric Hamley,

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