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AI brief of an SEC Form 8-K · Murphy Oil (MUR)

Murphy Oil Q3 profit falls to $139 million, or $0.93 a share, from $255 million

Negative Impact 4 of 5 earnings Written later

Murphy Oil reported third quarter 2024 net income attributable to Murphy of $139 million, or $0.93 per diluted share, down from $255 million, or $1.63, a year earlier. Revenue from production fell to $753 million from $946 million, and adjusted net income was $111 million, or $0.74 per diluted share. The company also announced that Eric M. Hambly will succeed Roger W. Jenkins as chief executive effective January 1, 2025.

Key points

  • Net income attributable to Murphy was $139 million, or $0.93 per diluted share, versus $255 million, or $1.63, in Q3 2023.
  • Revenue from production was $753 million, compared with $946 million in Q3 2023.
  • Murphy repurchased $194 million of stock in Q3 and has $650 million remaining under its authorization.
  • Eric M. Hambly will become president and CEO on January 1, 2025, succeeding Roger W. Jenkins.

The filing

CompanyMurphy Oil (MUR)
Form8-K, current report
Filed with the SECNov 7, 2024, 6:09 AM ET
Accession number0000717423-24-000036

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.