Murphy Oil Corporation announced net income attributable to Murphy of $50 million, or $0.34 per diluted share, for the fourth quarter ended December 31, 2024. Adjusted net income was $51 million, or $0.35 per diluted share, missing analysts' estimates of $0.57.
The company reported revenue of $670.96 million for the fourth quarter, which also missed analysts' estimates of $741.18 million. Full year 2024 results reflected a continued focus on the company's strategic priorities of Delever, Execute, Explore, and Return.
Murphy issued its 2025 fiscal year guidance, projecting capital expenditures between $1.13 billion and $1.28 billion. The company acknowledged production setbacks in Q4, which impacted its overall performance for the period.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.