10 June 2019substantial holder notice● Neutral
Capital International Investors ** disclosed a new substantial MURPHY OIL CORP shareholding (11.00% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 June 2019asset acquisition disposition▲ GoodMajor
Murphy closed its acquisition of 26 deepwater Gulf of Mexico blocks from LLOG for $1.227 billion cash (after closing adjustments), funded partly through a new $500 million term loan; up to $250 million more may be owed based on future results.
10 May 2019agm notice● Neutral
MURPHY OIL CORP shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
2 May 2019quarterly activities report● Neutral
Murphy's 10-Q for the quarter ended March 31, 2019 showed total revenues of $591.0 million and net income attributable to Murphy of $40.2 million, or $0.23 per diluted share.
2 May 2019quarterly activities report● Neutral
Murphy reported first-quarter 2019 net income attributable to the company of $40 million ($0.23 per diluted share), with adjusted net income of $27 million. It also announced the $2.127 billion Malaysia sale and a $1.375 billion Gulf of Mexico acquisition.
23 Apr 2019material agreement▲ GoodMajor
Weeks after agreeing to exit Malaysia, Murphy agreed to acquire deepwater Gulf of Mexico assets from LLOG Exploration for $1.375 billion cash plus up to $250 million contingent consideration - redeploying the Malaysia proceeds into more U.S. Gulf of Mexico scale.
22 Mar 2019agm notice● Neutral
MURPHY OIL CORP announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
22 Mar 2019agm notice● Neutral
Murphy Oil filed its 2019 proxy statement for the annual meeting on May 8, 2019. Stockholders were asked to elect directors, vote on executive pay, and ratify KPMG LLP as auditor for 2019.
21 Mar 2019material agreement▲ GoodMajor
Murphy agreed to sell its entire Malaysia business (its Sabah and Sarawak subsidiaries) to Thailand's PTTEP for US$2.127 billion cash plus up to $100 million contingent on future drilling results - a full exit from the country, expected to close mid-2019.
14 Feb 2019substantial holder notice● Neutral
T. Rowe Price Associates reported holding 5,168,464 Murphy Oil shares (2.9%) as of December 31, 2018, and stated it had ceased to be the beneficial owner of more than five percent of the class.
13 Feb 2019substantial holder notice● Neutral
Hotchkis and Wiley Capital Management, LLC reported a MURPHY OIL CORP shareholding of 13,144,048 shares (7.60% of votes) in a periodic institutional filing.
11 Feb 2019substantial holder notice● Neutral
The Vanguard Group reported a MURPHY OIL CORP shareholding of 18,339,759 shares (10.59% of votes) in a periodic institutional filing.
6 Feb 2019substantial holder notice● Neutral
BlackRock, Inc reported a MURPHY OIL CORP shareholding of 16,394,584 shares (9.50% of votes) in a periodic institutional filing.
31 Jan 2019quarterly activities report● Neutral
Murphy Oil reported fourth quarter 2018 net income attributable to Murphy of $103 million, or $0.59 per diluted share ($112 million including noncontrolling interest). Production averaged 176 thousand barrels of oil equivalent per day, and year-end proved reserves rose 17% to 816 million barrels.
10 Dec 2018substantial holder notice● Neutral
The Vanguard Group reported a MURPHY OIL CORP shareholding of 17,725,946 shares (10.24% of votes) in a periodic institutional filing.
10 Dec 2018director interest notice● Neutral
MURPHY OIL CORP Vice President & Treasurer John B Gardner sold 7,113 shares at $29.98.
3 Dec 2018asset acquisition disposition▲ GoodMajor
Murphy closed its Gulf of Mexico joint venture with Petrobras America: Murphy contributed its Dalmatian, Clipper, Front Runner, Habanero, Kodiak, Tahoe and Thunder Hawk fields while Petrobras contributed higher-profile fields including Lucius, St. Malo, Cascade and Chinook, with Murphy paying $900 million cash to balance the exchange. Murphy ended up operating the combined venture with an 80% interest (Petrobras 20%), funded partly by a new $1.6 billion revolving credit facility that replaced its prior one.
19 Nov 2018director interest notice● Neutral
MURPHY OIL CORP director Claiborne P Deming bought 10,000 shares on the open market at $31.60.
19 Nov 2018director interest notice● Neutral
MURPHY OIL CORP Senior Vice President Kelli M Hammock exercised stock options for 11,000 shares and disposed of 22,000 shares.
8 Nov 2018quarterly activities report● Neutral
Murphy's 10-Q for the quarter ended September 30, 2018 showed total revenues of $674.8 million and net income of $93.9 million, up from a $65.9 million loss a year earlier.
8 Nov 2018quarterly activities report● Neutral
Murphy reported third quarter 2018 net income of $94 million ($0.54 per diluted share) and adjusted income of $61 million. Production was 169 MBOEPD, above guidance, and it announced a Gulf of Mexico joint venture with Petrobras.
17 Oct 2018securities registration● Neutral
MURPHY OIL CORP filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
11 Oct 2018joint venture update▲ GoodMajor
Murphy agreed to combine its Gulf of Mexico producing assets with Petrobras America's in a new joint venture, with Murphy operating; it also amended its credit facility to accommodate the deal (loosening collateral and liquidity requirements). Expected to close by year-end 2018.
10 Aug 2018substantial holder notice● Neutral
Capital World Investors ** reported no remaining MURPHY OIL CORP shareholding in its periodic institutional filing.
9 Aug 2018quarterly activities report● Neutral
Murphy reported second quarter 2018 net income of $46 million ($0.26 per diluted share) and adjusted income of $63 million. Production was 171,000 BOEPD, above the top of guidance, and full-year production guidance was raised.
9 Aug 2018quarterly activities report● Neutral
Murphy's 10-Q for the quarter ended June 30, 2018 showed total revenues of $618.2 million and net income of $45.5 million.
9 Aug 2018quarterly activities report● Neutral
Murphy filed an amendment to its August 8 earnings 8-K to add the facing page, item text and signature page that a technical error had left off EDGAR. The earnings release itself was not changed.
9 July 2018substantial holder notice● Neutral
/ PZENA INVESTMENT MANAGEMENT reported a MURPHY OIL CORP shareholding of 7,840,371 shares (4.50% of votes) in a periodic institutional filing.
4 June 2018director interest notice● Neutral
MURPHY OIL CORP insider John W Eckart exercised stock options for 17,193 shares and disposed of 52,952 shares.
10 May 2018agm notice● Neutral
MURPHY OIL CORP shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).