Murphy Oil reports Q4 adjusted EPS 90c, consensus $1.00

Reports Q4 revenue $842.27M, consensus $855.99M. Produced 185 thousand barrels of oil equivalent per day with 94 MBOPD, or 51% oil volumes. “We had a strong year of production and excellent execution, generating ample free cash flow to advance our capital allocation framework. This allowed us to return $150M to shareholders through buybacks and retire $500M of debt, resulting in a nearly 60 percent decrease in debt since year-end 2020,” said CEO Roger Jenkins. “Our ongoing financial stewardship has given us momentum going into 2024, beginning with an increase to our longstanding dividend and restoring it to its 2016 level.”