Murphy Oil Reports Financial Results for Q2 2023
August 28, 2023
🌥️Earnings Overview
On August 3, 2023, MURPHY OIL ($NYSE:MUR) revealed their financial results for the second quarter of fiscal 2023, which came to an end on June 30, 2023. The total revenue for the quarter was reported to be USD 812.9 million, a decrease of 32.0% compared to the same quarter in the year prior. Moreover, net income was stated to be USD 98.3 million, recording a 72.0% decline from the equivalent period in the prior year.
Market Price
The company’s stock opened at $42.2 and closed at $43.3, representing an increase of 3.6% from its previous closing price of $41.8. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Murphy Oil. More…
| Total Revenues | Net Income | Net Margin |
| 3.81k | 1.02k | 25.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Murphy Oil. More…
| Operations | Investing | Financing |
| 1.96k | -1.2k | -810.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Murphy Oil. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.25k | 4.86k | 33.53 |
Key Ratios Snapshot
Some of the financial key ratios for Murphy Oil are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.7% | 375.5% | 40.5% |
| FCF Margin | ROE | ROA |
| 19.6% | 18.6% | 9.4% |
Analysis
At GoodWhale, we have conducted an analysis of MURPHY OIL‘s financials and the results are in. Our Risk Rating has placed MURPHY OIL in the medium risk category, which indicates that the company’s overall financial and business performance is not bad, but careful monitoring and analysis should be done before any investments are made. Additionally, our analysis has uncovered two potential risk warnings in both the income sheet and balance sheet. If you’re interested in learning more, please register on our website goodwhale.com to get access to more detailed information. More…
Peers
Murphy Oil Corp is an international oil and gas company with operations in the United States, Canada, Malaysia, and the United Kingdom. The company’s upstream activities include exploration, development, and production. Its downstream operations include refining, marketing, and transportation. Murphy Oil Corp’s competitors include Antero Resources Corp, Marathon Oil Corp, Pioneer Natural Resources Co. These companies are all engaged in the exploration, development, and production of oil and gas.
– Antero Resources Corp ($NYSE:AR)
Antero Resources is a leading independent natural gas and oil company engaged in the development, production, and acquisition of unconventional natural gas and oil properties in the United States. The company’s focus is on the Appalachian Basin, which includes the Marcellus Shale, Utica Shale, and other formations in Ohio, West Virginia, and Pennsylvania.
Antero Resources has a market cap of 10.25B as of 2022. The company’s return on equity is 15.98%. Antero Resources is engaged in the development, production, and acquisition of unconventional natural gas and oil properties in the United States. The company’s focus is on the Appalachian Basin, which includes the Marcellus Shale, Utica Shale, and other formations in Ohio, West Virginia, and Pennsylvania.
– Marathon Oil Corp ($NYSE:MRO)
As of 2022, Marathon Oil Corporation has a market capitalization of 19.75 billion dollars and a return on equity of 15.07%. The company is an international energy corporation engaged in a variety of businesses, including oil and gas exploration and production, refinery operations, and marketing and transportation. Marathon Oil has significant operations in the United States, Canada, the United Kingdom, Angola, and Iraq.
– Pioneer Natural Resources Co ($NYSE:PXD)
Pioneer Natural Resources Co is an oil and gas exploration and production company with operations in the United States, Canada, and Trinidad and Tobago. The company has a market cap of 63.09B as of 2022 and a return on equity of 21.22%. Pioneer Natural Resources is involved in the exploration, development, and production of oil and gas properties. The company’s operations are focused on the Permian Basin in Texas and the Eagle Ford Shale in South Texas.
Summary
MURPHY OIL reported its financial results for the second quarter of fiscal 2023, ending on June 30, 2023, on August 3, 2023. Total revenue was USD 812.9 million, a decrease of 32.0% compared to the same quarter last year. Net income for the same period was USD 98.3 million, a 72.0% decrease from the previous year. Despite the downbeat results, the stock price moved up the same day.
Investors should consider the company’s short and long term prospects when making an investment decision. A careful analysis of the financials and competitive landscape is vital to determine whether MURPHY OIL is a good investment opportunity or not.
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