Company Profile For Murphy Oil Corporation

Murphy Oil Corporation (MUR.N) (New York Stock Exchange)

sector: Energy · industry: Integrated Oil & Gas ·

As of 25 Nov 2009

58.40USD

Price Change

+0.89

Percent Change

+1.55%

Analyst Recommendations

Overview

Murphy Oil Corporation (Murphy) is a worldwide oil and gas exploration and production company, with refining and marketing operations in the United States and the United Kingdom. Its operations are classified into two business activities: Exploration and Production, and Refining and Marketing. Murphy’s exploration and production activities are subdivided into six geographic segments, including the United States, Canada, the United Kingdom, Malaysia, Ecuador and all other countries. Murphy’s refining and marketing activities are subdivided into geographic segments for North America and United Kingdom. In November 2008, the Company acquired a 70% interest and operatorship of a second Browse Basin exploration permit in Block WA-423-P.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Murphy Oil Corporation's revenues decreased 43% to $13.19B. Net income from continuing operations decreased 74% to $421M. Revenues reflect a decrease in oil & natural gas sales prices. Net income also reflects an increase in accretion of asset retirement obligations, higher selling,& general expenses and an increase in depreciation, depletion & amortization expense.