$MUR

Vietnamese and U.S. companies plan 29 agreements in energy, tech, aviation, and financial services during Vietnamese leader To Lam's visit. Energy deals involve Murphy Oil, Chevron, ExxonMobil, and state-owned Petrovietnam. Vietjet plans aircraft leases with Boeing and Airbus, and a deal with SpaceX for Starlink. Meta and Qualcomm are also involved in tech agreements.

The US and Vietnam plan to sign 29 non-binding deals in energy, tech, aviation, and finance. Key participants include Murphy Oil, Chevron, ExxonMobil, Boeing, Airbus, Qualcomm, and Meta. The agreements aim to strengthen trade ties amid US tariff threats. A potential trade deal may be discussed, but a Trump-Lam meeting is unconfirmed.

U.S. and Vietnamese firms plan to sign agreements in energy, tech, aviation, and finance during Vietnam leader To Lam's New York visit. Companies involved include Chevron, ExxonMobil, Murphy Oil, Vietjet, SpaceX, Meta, Qualcomm, Visa, Mastercard, and Citibank. The deals aim to strengthen trade ties amid potential U.S. tariffs.

Keybanc raised price targets for several oil and gas companies, including Kimbell Royalty Partners, Matador Resources, Murphy Oil, Permian Resources, SM Energy, and Talos Energy. The firm cited changes in physical markets and commodity price outlooks, with higher oil price forecasts due to regional conflicts and increased Chinese imports. Natural gas expectations were lowered due to potential oversupply and reduced heating demand. Keybanc maintains a positive view on Matador Resources, SM Energy

Asian tech stocks fell sharply, with South Korea's KOSPI down 3.1% and Japan's Nikkei 225 slipping 1.1%, as investors reduced exposure to AI-linked chipmakers due to rising bond yields and concerns over AI rally sustainability. U.S. tech sentiment also weakened, with Nasdaq 100 futures falling 1.2%. Key chipmakers like SK Hynix and Samsung Electronics led losses, while oil prices surged over 3% due to Middle East tensions.

Barclays' Betty Jiang maintained a Sell rating on Murphy Oil (MUR) with a $34.00 price target. The Street's consensus is Hold, with a $38.27 average target. Murphy Oil reported Q2 revenue of $928.31M and net profit of $232.18M, up from $683.07M and $22.28M last year.

EOG Resources Inc. and Murphy Oil Corp. discussed inflation and strategic priorities at the Barclays Energy-Power Conference. EOG's COO noted slight inflation but strategic partnerships mitigate cost pressures, with steel inventory purchases extending into 2027. Murphy Oil's CEO highlighted offshore focus, potential asset sales, and long-term natural gas prospects. Steel prices have surged 40% year-to-date, according to the US Bureau of Labor Statistics.

Murphy Oil (NYSE:MUR) reported Q2 revenue of $928.3M, up 33.5% YoY, beating estimates. The stock rose 7% post-earnings. The article also covers other mixed or offshore upstream E&P stocks, including Granite Ridge Resources (NYSE:GRNT), Peabody Energy (NYSE:BTU), Seadrill (NYSE:SDRL), and Gevo (NASDAQ:GEVO), highlighting their Q2 performances and stock movements.

Shares of Liberty Energy, Green Plains, Murphy Oil, Patterson-UTI, and Texas Pacific Land rose after crude oil prices climbed due to strikes on Saudi energy facilities. Brent crude futures rose $1.00 to over $98.00 a barrel, and WTI crude futures increased over $2.00 to $93.65 a barrel, according to Reuters. Higher oil prices benefit oil and gas producers by expanding profit margins and boosting cash flow.

Murphy Oil (MUR) announced a $300M increase in 2026 capex to $1.55B, targeting projects like Bubale appraisal and Lac Da Vang first oil in 4Q 2026. 2Q metrics show liquidity of ~$2.5B, net debt of $1.07B, and adjusted EBITDAX of $632M. CEO Eric Hambly will present at the Barclays Energy-Power Conference.