MUR
- Murphy Oil Corporation
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Overview
Company Summary
Murphy Oil Corporation is an independent exploration and production company engaged in the exploration, development, production, and marketing of oil and gas resources. The company primarily operates in North America, South America, and Southeast Asia.
Murphy Oil focuses on finding and extracting oil and gas from underground reserves through various exploration methods, such as seismic imaging and drilling. They participate in both onshore and offshore projects, targeting conventional and unconventional resources.
In addition to exploration and production activities, Murphy Oil also engages in refining crude oil and selling refined petroleum products. They own and operate refineries and retail stations to process and distribute gasoline, diesel, jet fuel, and other petroleum-derived products.
The company's strategic priorities include maximizing returns from their existing asset portfolio, finding new exploration opportunities, and efficiently managing their refining and marketing operations. They aim to balance their investments in different regions to diversify risks and leverage market conditions.
Murphy Oil is committed to responsible and sustainable practices in the oil and gas industry. They prioritize safety, environmental stewardship, and community engagement in their operations.
Overall, Murphy Oil Corporation is involved in the full value chain of oil and gas, from exploration and production to refining and marketing, with a focus on optimizing resource development and driving long-term value for their shareholders.