Earnings ·
Murphy Oil Corporation reported second quarter 2026 net income attributable to Murphy of $232.2 million, or $1.59 per…
MURMurphy Oil Corp
Murphy Oil Corporation reported second quarter 2026 net income attributable to Murphy of $232.2 million, or $1.59 per diluted share, compared to $22.3 million in the prior year period. The increase was driven by stronger commodity prices and operational outperformance, with adjusted EBITDA reaching $592.7 million. Production averaged 85,265 barrels of oil per day (BOPD) and 168,995 barrels of oil equivalent per day (BOEPD). The company announced an oil discovery at the Bubale-1X well in Côte d’Ivoire and completed pipeline work for the Lac Da Vang project in Vietnam. Consequently, Murphy expanded its full-year 2026 capital expenditure guidance midpoint from $1.25 billion to $1.55 billion. The company paid a quarterly cash dividend of $0.35 per share during the quarter. Murphy Oil Corporation is an independent oil and natural gas company with onshore and offshore operations in North America, Vietnam, and West Africa.