MMurphy Oil Corporation is a global independent company that finds, drills for, and produces oil and natural gas. Its operations include offshore production in Canada and the Gulf of Mexico, plus onshore development in North America (Eagle Ford Shale, Kaybob Duvernay, and Tupper Montney). The company generates energy by exploring for reserves, developing fields, and pumping oil and gas from these wells, then selling the output. What sets Murphy Oil apart from many peers is its mix of offshore and onshore assets across multiple regions, giving a balanced, geographically diverse portfolio instead of relying on a single basin. The company’s goal is to grow its resource base, increase production and reserves, and create value for shareholders through disciplined capital allocation and steady operations.
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Murphy Oil Corporation announces signing of offshore Cameroon production sharing contracts. Stock score locked: want to see it? Benzinga Edge Rankings give you vital metrics on any stock - anytime. Murphy Oil Corporation today announced the execution of four production sharing contracts covering the Elombo, Etinde Exploration, Ntem, and Tilapia blocks offshore Cameroon. The blocks cover approximately 2.6 million acres. Murphy, through its subsidiary, will initially hold a 100 percent working interest and serve as operator. Société Nationale des Hydrocarbures ("SNH") retains the right to participate in any future development with up to a 20 percent working interest. Murphy and SNH will now work together to further evaluate the exploration potential of the four blocks. ABOUT MURPHY OIL CORPORATION Murphy Oil Corporation is an independent oil and natural gas company with a multi-basin onshore and offshore portfolio and significant exploration opportunities. The company has more than a century-long history of demonstrating strong execution and innovative, full-cycle development capabilities with a focus on value creation that drives shareholder returns. Murphy's foresight and financial discipline, along with its culture of adaptability and accountability, will allow the company to continue its outstanding legacy and exceptional reputation. The company's current operations include extensive inventory located onshore in the Eagle Ford Shale, Tupper Montney and Kaybob Duvernay, as well as offshore in the Gulf of America and Canada. Murphy also strives to create long-term shareholder value through offshore exploration and development in the Gulf of America, Vietnam and Côte d'Ivoire. Additional information can be found on the company's website at www.murphyoilcorp.com. FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as "aim", "anticipate", "believe", "drive", "estimate", "expect", "forecast", "future", "goal", "guidance", "intend", "may", "objective", "outlook", "plan", "position", "potential", "project", "seek", "should", "strategy", "target", "will" or variations of such words and other similar expressions. These statements, which express management's current views concerning future events, results and plans, are subject to inherent risks, uncertainties and assumptions (many of which are beyond our control) and are not guarantees of performance. In particular, statements, express or implied, concerning the Company's future operating results or activities and returns or the Company's ability and intent to replace or increase reserves, increase production, generate returns and rates of return, replace or increase drilling locations, reduce or otherwise control operating costs and expenditures, generate cash flows, pay down or refinance indebtedness, achieve, reach or otherwise meet initiatives, plans, goals, ambitions or targets with respect to emissions, safety matters or other environmental, social and governance matters, make capital expenditures, pay and/or increase dividends or make share repurchases and other capital allocation decisions are forward-looking statements. Factors that could cause one or more of these future events, results or plans not to occur as implied by any forward-looking statement, which consequently could cause actual results or activities to differ materially from the expectations expressed or implied by such forward-looking statements, include, but are not limited to: macro conditions in the oil and natural gas industry, including supply and demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; geopolitical concerns (including the ongoing conflict in the Middle East involving Iran); increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or markets of health pandemics and related government responses; natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; cyber attacks and other cybersecurity risks; any failure to obtain necessary regulatory approvals; the impact of current and future laws, rulings and governmental regulations; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. or global capital markets, credit markets, banking system or economies in general, including inflation, trade policies, tariffs and other trade restrictions. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see "Risk Factors" in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC's website and from Murphy Oil Corporation's website at http://ir.murphyoilcorp.com. Investors and others should note that we may announce material information using SEC filings, press releases, public conference calls, webcasts and the investors page of our website. We may use these channels to distribute material information about the Company; therefore, we encourage investors, the media, business partners and others interested in the Company to review the information we post on our website. The information on our website is not part of, and is not incorporated into, this news release. Each forward-looking statement contained in this news release speaks only as of the date of this news release. Except as required by applicable law, Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Investor Contacts: [email protected] Atif Riaz, 281-675-9358 Beth Heller, 281-675-9363 5 Stocks Our Analysts Are Quietly Watching This Week Every week, Benzinga Edge's Stock Whisper Index hand-picks 5 under-the-radar stocks before they go mainstream. Past picks have included names that ran double digits within weeks.
Murphy Oil to join Joe V's Smart Shop in North Houston. Murphy Oil, fueling station and convenience store, to open at the shopping center on FM 1960 and Aldine Westfield Road. Published Date: November 10, 2026, 11:46 PM EST Murphy Oil is expected to open right outside the Joe V's Smart Shop on Aldine Westfield and FM 1960. (Image credit: NewQuest Press Release) Murphy Oil, a fueling station and convenience store, is expected to open on the doorstep of Joe V's Smart Shop in North Houston. According to a press release from NewQuest, which secured the 1.18-acre ground lease, the new Murphy Oil will open at the H-E-B property at 2929 FM 1960. "Joe V's parent company, H-E-B, has been weighing the option of a fueling station at that corner for roughly two years. It will generate a lot of cross-traffic within the shopping center," Rebecca Le, executive vice president of Houston-based NewQuest, said in the press release. What Now Houston briefly chatted with Le, who confirmed the upcoming opening. Unfortunately, Le was unable to share further details by the time of this publication. "With a limited number of pad sites, H-E-B is being selective about the end use. Murphy Oil is a quality operator and a good fit for the center," Le said in the press release. The H-E-B property at 2929 FM 1960 features a 55,000-square-foot Joe V's, which opened in 2017; 18,000 sf of neighborhood services' inline retail; and a Quick Quack Car Wash. Murphy Oil has secured a retail pad site at a signalized intersection fronting one of the region's most heavily traveled freeways. The addition to the Joe V's shopping center, which draws 1.8 million visits per year, will be located at the intersection of FM 1960 and Aldine Westfield Road. Construction is underway, with completion ticketed for Q2. Keep your eyes peeled and your ears perked for the latest on this exciting new addition. Murphy Oil is expected to open at the H-E-B property at 2929 FM 1960 by 2027. (This is a developing story. As more information is made available, Whatnow Media Group will update this article. Stay tuned!) Love its content? Add WhatNow as a preferred source on Google to see more of its trusted coverage when you search. Be the first to know. From new restaurant openings to exciting retail launches and real estate insights, be the first to know what's happening in Houston Regional Reporter Candese Charles first fell in love with journalism in the second grade, when she started the Charles Gazette. Since then, her career as a journalist has taken her to TV screens in New Orleans, the Bay Area, and Las Vegas. She believes that a good story has the power to change the world or at least change the way you think about food. Food is a love language for her, as both her father and brother are chefs. Originally from Los Angeles, after a trek across the country for her career as a TV news reporter, she's happy to call North Las Vegas home. When she's not writing about the hottest and newest restaurants, she's spending time with her family, catching concerts and music festivals, or brunching with her besties. She's excited to bring you a delicious bite of the next big restaurant.
Murphy Oil obtains six exploration licenses in Israel. The concession was awarded by the Israeli government and comprises six licenses in the so-called Zone G, a maritime area of approximately 1,700 square kilometers. This operation represents the first incursion of Murphy Oil in the eastern Mediterranean and expands its presence in the international hydrocarbon exploration market. The company, headquartered in Houston, Texas, will add this new area to its exploration portfolio, the initiative will also allow it to participate in a region with significant activity in offshore natural gas resource development. Zone G is located near the Leviathan deposit. As for its location, Area G is situated in Israeli waters, approximately 25 kilometers southwest of the Leviathan gas field. This proximity is an important geographical reference point for assessing the area's hydrocarbon potential, however, the awarding of licenses authorizes exploration activities and does not guarantee new oil or gas discoveries. Therefore, Murphy Oil and its partner will need to advance in the assessment of the exploratory potential before determining the opportunities offered by this maritime area. Ratio Energies will participate in the exploration with Murphy Oil. To develop this initiative, Murphy Oil will establish a joint venture with Ratio Energies, under a 50% participation scheme for each company. Murphy Oil will assume the role of project operator and will be responsible for conducting exploration activities. Both companies will work in a coordinated manner to study the opportunities presented by the six licenses in Zone G. The US company noted that this award expands its international exploration portfolio and opens a new development opportunity in the eastern Mediterranean. Murphy Oil expands its international exploration portfolio. Likewise, the entry into Israeli waters comes after the company confirmed favorable results in offshore assessment and exploration activities in Ivory Coast and Vietnam. The company has also reported on the launch of projects in Vietnamese waters and in the Gulf of Mexico, United States. With these new licenses, Murphy Oil adds another region to its international exploration strategy, the alliance with Ratio Energies will allow them to assess the potential of Zone G and advance their understanding of the hydrocarbon resources present in this part of the eastern Mediterranean. The development of the upcoming exploratory activities will allow Inspenet to better understand the possibilities of this maritime area and its potential contribution to the asset portfolio of both companies. Verified Author Analyst and writer of news specialized in industrial technology, with a solid background in engineering. My work focuses on curating and synthesizing complex information, transforming technical advances and regulatory changes into journalistic reports.
Ratio replaces ENI with US partner for gas exploration. Ratio Oil Exploration CEO Yigal Landau credit: Rami Zarnegar 9 Nov, 2026 13:04 Ratio Petroleum has teamed with US company Murphy Oil Corporation for exploration in Cluster G in Israel's economic waters. After losing its partnership with Italian oil and gas giant ENI because of political considerations, Ratio has secured an alternative partner for gas exploration in Israel's Exclusive Economic Zone: US company Murphy Oil Corporation (NYSE: MUR), which will hold a 50% stake in the exploration license. With this move, the Ministry of Energy has officially granted Ratio the license it won in late 2023, despite a delay of over three years. The company now has up to three years to carry out exploration activities in the hope of discovering new gas reserves in the Israeli Mediterranean. Murphy Oil is a US oil and gas company with operations in the US itself, Canada, Vietnam, and Ivory Coast. In early 2026, the company achieved a significant milestone by discovering an oil reservoir containing 430 million barrels off the coast of Vietnam. Now, it is looking to invest in gas exploration in Israel. In the fourth offshore gas exploration licensing round, held in mid-2023, a consortium comprising Ratio (a minority partner in the Leviathan field, holding a 15% stake in Israel's largest gas reservoir), Italian giant ENI, and Korean-owned oil and gas firm Dana Petroleum, was awarded a gas exploration license. Following the outbreak of war in October 2023, however, ENI delayed formal acceptance of the license. This was while a competing group consisting of NewMed, Britain's BP, and Azerbaijan's SOCAR had already secured its license and commenced active exploration. While the official explanation cited a strategic reallocation of investments, in reality, pro-Palestinian groups had pressured ENI; the company was evidently reluctant to enter Israel given the highly sensitive political situation. 32 Months for active exploration In May 2026, Ratio reported a partnership with a new international operator, but the formal announcement was delayed by another six months. The Ministry of Energy, whose deadline for exercising the license had long since passed, granted Ratio's request, authorizing the company to proceed with the exploration license alongside its new partner. Another of Ratio's international partners, Dana Petroleum, is not participating in the exploration phase at this time; consequently, the exploration license is held by Ratio and Murphy on a 50-50 basis. Exploration activities will take place within "Cluster G," for which the companies secured exploration rights. The two companies now have 32 months to conduct active exploration and must drill a costly exploration well within 36 months. Should these efforts yield positive results, a new natural gas reservoir could be discovered in Israel. Such a discovery would be highly significant for Israel's energy sector: it would foster greater competition in the domestic market just as a wave of new power plants is being constructed, and alleviate pressure from export restrictions intended to reserve Israeli gas for domestic use over the next 20 years. NewMed, the main partner in the Leviathan field, is also actively searching for gas in a different area of the Mediterranean. In a press release, Ratio states: "Time and again, the company has succeeded in attracting firms with the necessary experience and capabilities to invest in Israel and advance the exploration and development of new energy sources, even during this complex geopolitical period. It was Ratio that brought US company Murphy into drilling operations in 'Cluster G'." Minister of Energy and Infrastructures Eli Cohen said, "Natural gas is a strategic asset that strengthens our economic and diplomatic standing globally, and particularly in the Middle East. My policy is therefore to expand natural gas exploration, attract international energy giants to invest in Israel, and increase natural gas production both for the domestic market and for export." Published by Globes, Israel business news - en.globes.co.il - on November 9, 2026. You May Like
Murphy Oil reported third-quarter revenue of $855 million, up 16.6% year on year and above analysts' estimates of $786.4 million. Adjusted earnings per share were $1.08, against estimates of $0.86. Operating margin rose to 30% from 0.8% a year earlier, though daily oil production fell 10.6%. Chief executive officer Eric Hambly credited the Chinook 8 well in the Gulf of America and first oil at Lac Da Vang in Vietnam. Analysts focused on the Bubale appraisal program in Côte d'Ivoire. Hambly said the company will drill over the next 18–24 months to narrow the resource range, and that about 150 million barrels would be needed for a standalone development. Shares trade at $36.64, up from $35.94 before earnings. Market capitalisation is $5.21 billion.
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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Houston, TX
Founded
1950
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