Murphy Oil Corp (MUR) Exchange: NYSE

Murphy Oil Corporation is an energy and energy related services company headquartered in El Dorado, Arkansas. Founded in 1950 by its current Chairman of the Board, Claiborne Deming Murphy (C.D. Murphy) it has grown to become a global exploration and production company of oil and natural gas, refining and marketing petroleum and other energy-related products worldwide. The company operates through exploration and production, oil sands mining and refining, and Retail divisions. Murphy Oil USA, Inc. oversees all the United States-based operations and their subsidiaries. Murphy Oil Corporation has an average of 2,610 employees across the globe and achieved $10.5 billion in revenues in 2019. Murphy Oil Corporation has continued to expand its exploration and production investments over the past several years. In 2018, the company increased its proved reserves by 19 million barrels of oil equivalent (mmboe) primarily from newly acquired acreage in the Permian Basin and the oil sands. In the same year Murphy Oil began production on its Galapagos platform in the Gulf of Mexico, which had the capacity to produce up to 140 thousand barrels of oil per day. Similarly, in 2020, Murphy Oil acquired acreage in the Eagle Ford Shale in Texas and started new development wells in the Permian Basin, both of which indicates the company’s further growth and expansion outlook. In 2019 alone, Murphy Oil achieved an average daily production of over 389 mboe, 6% more than in 2018. These investments in 2019 and 2020 demonstrate that more growth is on the horizon as Murphy Oil strives to reach new production heights and create additional shareholder value through new E&P investments and production growth.