$MUR

Tropical Storm Isaias is forecast to strengthen into a hurricane and hit the US Gulf coast early Saturday, according to the National Hurricane Center. The storm could disrupt oil and gas production, with about 11.2 million barrels potentially lost. Companies like BP, Chevron, and Shell may be affected. The storm may also bring heavy rains, storm surges, and tornadoes.

Murphy Oil (NYSE:MUR) declared a $0.35 quarterly dividend per share, payable Dec 1, 2026. The annualized dividend is $1.40 per share. The company is an independent oil and natural gas exploration and production firm with operations in the U.S., Canada, Vietnam, and Côte d’Ivoire.

Analysts updated ratings and price targets for several companies. Nike (NKE) was downgraded to sell with a target reduced to $27.50. AMD (AMD) was upgraded with a target raised to $705. Other notable changes include Intel (INTC) raised to $114, Meta (META) to $1,000, and Valero (VLO) to $441.

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.