Murphy reports third quarter 2026 results
Net income attributable to Murphy was $171.1 million, or $1.17 per diluted share, on production of 186,500 BOEPD that exceeded guidance. It raised full-year production guidance to 176,000 to 178,000 BOEPD.
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Oil and natural gas exploration and production company
murphyoilcorp.comLast updated
In short: Murphy reported $171.1 million in third-quarter profit and raised full-year production guidance.
Net income attributable to Murphy was $171.1 million, or $1.17 per diluted share, on production of 186,500 BOEPD that exceeded guidance. It raised full-year production guidance to 176,000 to 178,000 BOEPD.
The contracts cover the C-10 and Tiof blocks, about 3.1 million acres, with Murphy holding a 90 percent working interest as operator and SMH 10 percent.
Bubale West-1X offshore Côte d'Ivoire found 88 feet of net oil pay and Lac Da Trang North-1X offshore Vietnam 131 feet.
Production reached 169,000 BOEPD at the upper end of guidance, and the company announced an oil discovery at Bubale-1X offshore Côte d'Ivoire.
The company expects Lac Da Vang and Chinook to generate about $1 billion over five years at $80 Brent, while appraisal continues at Côte d'Ivoire's Bubale.
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