$MUR

Shares of convenience-store operators Alimentation Couche-Tard, Casey’s General Stores, and Murphy USA have risen sharply in 2024, with Casey’s up over 54% and near record levels. The article links gains to fuel-price volatility, higher fuel margins, and demand for defensive retail exposure, citing analyst comments and Murphy’s second-quarter guidance. It also notes Casey’s S&P 500 addition and upcoming earnings.

Murphy Oil (MUR) reported Q2 2026 net income of $232.2M ($1.59/share) and adjusted net income of $225.8M ($1.55/share). Total net production was 168,995 boe/d. Capital spending guidance rose to $1.5B-$1.6B for 2026. Free cash flow was $110M, with leverage below 1x. Hai Su Vang resource was revised after a dry hole; Vietnam peak targets were kept.

Morning gains followed Brent crude rebounding to the mid-$80s after failing to stay below $80, with traders citing Strait of Hormuz geopolitical risk. Kpler data showed about a 33% drop in transit traffic, while Iran’s Parliament reviewed a bill to permanently ban hostile vessels. Oil-linked stocks including NESR, MUR, PUMP, OXY, and FANG rose.

Murphy Oil spudded the Lac Da Trang North-1X exploration well in Vietnam’s Block 15-1/05, per its quarterly report. A commercial discovery could tie into the Lac Da Vang infrastructure. Murphy targets 40-80 MMbbl recoverable resources and expects first oil in Q4. It operates with 40% interest. Hai Su Vang appraisal is mixed, with 200-300 MMboe recoverable resources.

Murphy Oil Corp reported Q2 2026 adjusted net income of $225.8 million, nearly six times Q2 2025, as higher oil prices offset lower production and weaker gas. Adjusted EPS was $1.55 vs $1.51 consensus. Revenue rose to $926.3 million. Murphy kept its $0.35 dividend and raised 2026 capex midpoint to $1.55 billion.

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.

UBS lowered its price target on Murphy Oil to $38 from $41 and kept a Neutral rating, according to the report. The stock was trading around $33.37, up 1% on the day, with a -12.67% 5-day change and +6.78% year-to-date, per the article’s market snapshot.

Asian markets fell Thursday, led by South Korea and Japan after a semiconductor selloff. South Korea’s KOSPI dropped more than 4%, with SK Hynix down over 8% and Samsung Electronics down more than 5%. Japan’s Nikkei slipped about 1.2%, while Kioxia fell nearly 9%. The move followed weaker U.S. tech sentiment and chip-related reactions.

Murphy Oil (MUR) shares fell as investors reacted to analysts taking a more cautious stance on the company’s exploration pipeline. TipRanks reports new prospects at Bubale-1X, Hai Su Vang, and Lac Da Vang, but Wall Street cut price targets and shifted to hold views citing near-term constraints. The article notes cash generation and modest debt, but highlights margin pressure, slower free-cash-flow growth, and exploration write-offs.

Murphy Oil (NYSE:MUR) reported Q2 2026 revenue of $926.3 million, up 33.2% year on year and 3.3% above Wall Street estimates, according to the company. Non-GAAP profit was $1.55 per share, 2.2% below consensus. The article also cites Q2 free cash flow of $656.4 million and shares down 4.6% to $34.39 after results.