Nolan Jeffrey W sold (to issuer) $69K of MUR

Murphy Oil (NYSE:MUR) discussed Q2 results and 2026 plans on an earnings call. It raised 2026 capex midpoint to $1.55B from $1.25B, citing about $190M for Bubale and $70M for Eagle Ford. Q2 production averaged 169,000 boe/d and free cash flow was $110M. Hai Su Vang 4X was a dry hole, cutting resources but keeping a 200-300 Mboe outlook.

MURPHY OIL CORP (MUR) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 mur-2026q2xex991.htm EX-99.1 Document EXHIBIT 99.1 NEWS RELEASE MURPHY OIL CORPORATION ANNOUNCES SECOND QUARTER RESULTS Produced at Upper End of Guidance Range Announced Oil Discovery at Bubale-1X in Côte d’Ivoire Advanced Lac Da Vang (Golden Camel) Development Project

Murphy Door, a Utah manufacturer of bookcase doors, Murphy beds and hidden-door furniture, will acquire Merrill Hardwoods Division for $3.25 million. The deal covers a 22,500 sq ft Rigby facility, manufacturing equipment and about 12 employees, with plans to double headcount. Murphy Door expects $5 million in added revenue over 12 months and $10 million within three years.

Murphy Oil (NYSE:MUR) said its Bubale-1X exploration well in Block CI-709 off Côte d’Ivoire found oil. The well reached 20,548 ft total depth in 7,795 ft of water and encountered 100 ft of net oil pay across two reservoirs, with preliminary results indicating light, high-quality oil. The company will advance evaluation plans and plans another well in 2H 2026.

Murphy Oil (NYSE: MUR) said it made an oil discovery at the Bubale-1X exploration well in Block CI-709 offshore Côte d’Ivoire, about 40 miles offshore. The well reached 20,548 ft total depth in 7,795 ft of water and found 100 ft of net oil pay across two reservoirs, with preliminary light-oil quality. Murphy holds 90% working interest; PETROCI 10%. Evaluation will proceed, with a further well planned for H2 2026.

Murphy Oil shares rose about 4% to $40.27 after KeyBanc upgraded the stock to “Overweight” from “Sector Weight,” setting a $48 price target. KeyBanc cited valuation and Murphy’s largely unhedged oil output. The move followed a 4.5% jump in West Texas Intermediate crude, amid geopolitical tensions, and KeyCorp raised Q2 earnings estimates.