Murphy Oil Corporation Announces Additional Cost Savings Initiatives
Murphy Oil Corporation (MUR)
Last murphy oil corporation earnings: 1/30 06:00 am
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ir.murphyoilcorp.com
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Source: Business Wire
Cuts Quarterly Cash Dividend by 50 Percent, Further Reduces 2020 Capital Program and Lowers Executives’ Salaries and Corporate Directors’ Cash Retainers EL DORADO, Ark.--(BUSINESS WIRE)--The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.125 per share, or $0.50 per share on an annualized basis. As a result of ongoing crude oil and natural gas market weakness, the Board believes this 50 percent reduction from the previous quarterly level of $0.25 per share is prudent. The dividend is payable on June 1, 2020, to stockholders of record as of May 18, 2020.The company is also announcing today it has made an additional reduction in the 2020 capital plan down to the new midpoint of $780 million from the previously announced $950 million in March 2020. This represents a 46 percent decrease from the original guidance midpoint of $1.45 billion. Further details of the revised plan will be r
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MUR
News
- Murphy Oil Co. (NYSE: MUR) had its price target lowered by analysts at UBS Group AG from $39.00 to $38.00. They now have a "neutral" rating on the stock.MarketBeat
- Murphy Oil Co. (NYSE: MUR) had its price target lowered by analysts at Piper Sandler from $43.00 to $42.00. They now have an "overweight" rating on the stock.MarketBeat
- Murphy Oil Corporation: CEO Change Will Now Occur [Seeking Alpha]Seeking Alpha
- Murphy Oil Co. (NYSE: MUR) had its price target lowered by analysts at Barclays PLC from $38.00 to $37.00. They now have an "equal weight" rating on the stock.MarketBeat
- Murphy Oil Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
MUR
Earnings
- 11/7/24 - Miss
MUR
Sec Filings
- 11/20/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- MUR's page on the SEC website