Key Developments: Murphy Oil Corp (MUR.N)

MUR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Murphy Oil Corp Completes Spin-off of Murphy USA Inc
Friday, 30 Aug 2013 05:00pm EDT 

Murphy Oil Corp announced that it has completed the spin-off of its U.S. retail marketing business into an independent public company called Murphy USA Inc. (Murphy USA). The spin-off was achieved through the distribution to Murphy Oil`s shareholders of one share of Murphy USA common stock for every four shares of Murphy Oil stock held at the close of business on the record date of August 21, 2013. Murphy USA common stock will begin regular-way trading on the New York Stock Exchange under the ticker symbol MUSA on September 3, 2013.  Full Article

Murphy Oil Corp Approves Spin-Off of Murphy USA Inc; Announces Regular Dividend
Wednesday, 7 Aug 2013 04:15pm EDT 

Murphy Oil Corp announced that its Board of Directors has approved both the spin-off of its U.S. retail marketing business. The Board of Directors also declared a quarterly cash dividend on the common stock of Murphy Oil of $0.3125 per share, or $1.25 per share on an annualized basis. The dividend is payable August 30, 2013 to holders of record as of the close of business on August 21, 2013.  Full Article

Murphy Oil Corp Issues Q3 2013 Production Guidance-Conference Call
Thursday, 1 Aug 2013 05:00pm EDT 

Murphy Oil Corp announced that for third quarter of 2013, it expects production at 190,000 barrel oil equivalent per day.  Full Article

Murphy Oil Corp Announces Executive Management Succession Plan
Monday, 6 May 2013 09:00am EDT 

Murphy Oil Corp announced that its President and Chief Executive Officer, Steve Cossé, has informed the Murphy Board of Directors that he intends to step down from that position following the completion of the previously announced plan to spin off to its stockholders its U.S. downstream operations into an independent and separately traded company. The spin-off will be effected through a distribution of the shares of Murphy's subsidiary, Murphy USA Inc., pro rata to all Murphy stockholders as of a record date to be established by Murphy's Board of Directors. Murphy will continue in the exploration and production business following the spin-off, which is expected to be completed in the second half of this year. The Murphy Board of Directors announced that it plans for Roger Jenkins to succeed Mr. Cossé as Murphy's President and Chief Executive Officer. Mr. Jenkins is currently Murphy's Executive Vice President and Chief Operating Officer.  Full Article

Murphy Oil Corp Issues Q2 2013 Production Guidance; Issues Q2 2013 EPS Guidance Above Analysts' Estimates
Wednesday, 1 May 2013 04:31pm EDT 

Murphy Oil Corp announced that for the second quarter of 2013, it expects total worldwide production volumes of 202,000 barrels of oil equivalent per day. Sales volumes of oil and natural gas are projected to average 201,000 barrels of oil equivalent per day during the quarter. At the present time, the Company expect income from continuing operations in the second quarter of 2013 to range between $1.50 and $1.65 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.41 for the second quarter of 2013.  Full Article

Murphy Oil Corp Issues Q2 2013 Production Guidance; Issues Q2 2013 EPS Guidance Above Analysts' Estimates
Wednesday, 1 May 2013 04:31pm EDT 

Murphy Oil Corp announced that for the second quarter of 2013, it expects total worldwide production volumes of 202,000 barrels of oil equivalent per day. Sales volumes of oil and natural gas are projected to average 201,000 barrels of oil equivalent per day during the quarter. At the present time, the Company expect income from continuing operations in the second quarter of 2013 to range between $1.50 and $1.65 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.41 for the second quarter of 2013.  Full Article

Murphy Oil Corp Announces Dividend
Wednesday, 3 Apr 2013 09:47am EDT 

Murphy Oil Corp announced that it has declared a quarterly dividend on the Common Stock of Murphy Oil Corporation of $0.3125 per share, or $1.25 per share on an annualized basis. The dividend is payable June 3, 2013 to holders of record May 17, 2013.  Full Article

Murphy Oil Corp Announces Dividend
Wednesday, 6 Feb 2013 10:26am EST 

Murphy Oil Corp announced that it declared a quarterly dividend on the Common Stock of Murphy Oil Corporation of $0.3125 per share, or $1.25 per share on an annualized basis. The dividend is payable March 1, 2013 to holders of record February 18, 2013.  Full Article

Murphy Oil Corp Issues Q1 2013 Production Guidance; Issues Q1 2013 EPS Guidance Below Analysts' Estimates
Wednesday, 30 Jan 2013 04:55pm EST 

Murphy Oil Corp announced that for the first quarter of 2013, it anticipate total worldwide production volumes of 200,000 barrels of oil equivalent per day. Sales volumes of oil and natural gas are projected to average 202,000 barrels of oil equivalent per day during the quarter and expects income from continuing operations to range between $0.55 and $0.90 per diluted share. The first quarter estimate includes projected exploration expense of between $70 million and $140 million, and a loss from the Company's downstream businesses of approximately $10 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.30 for the first quarter of 2013.  Full Article

Murphy Oil Corp Announces $250 Million Accelerated Share Repurchase Transaction
Monday, 10 Dec 2012 06:32pm EST 

Murphy Oil Corp announced that it has entered into a variable term, capped accelerated share repurchase transaction (the ASR) with J.P. Morgan Securities LLC to repurchase an aggregate of $250 million of the Company’s common stock. The ASR is part of the board authorized program to repurchase up to $1 billion of the Company’s stock announced on October 16, 2012. The total aggregate number of shares of Company common stock to be repurchased pursuant to the ASR will be determined by reference to the Rule 10b-18 volume-weighted price of the Company’s common stock, less a fixed discount, over the term of the ASR, subject to a minimum number of shares. The ASR is expected to be completed no later than approximately five months following execution. All shares of the Company’s common stock delivered under the ASR will be immediately retired.  Full Article

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EU regulator approves Klesch purchase of Milton Haven refinery

BRUSSELS/LONDON - EU regulators cleared U.S. entrepreneur Gary Klesch's purchase of the Milford Haven oil refinery on the coast of Wales, the European Commission said in a statement on Friday.

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