Murphy Oil Production For Q2 Is Estimated To Be In The Range Of 176 To 184 MBOEPD With 93 MBOPD, Or 51%, Oil Volumes
Portfolio Pulse from Benzinga Newsdesk
Murphy Oil maintains its 2024 CAPEX range of $920M to $1.02B and production forecast of 180 to 188 MBOEPD, with 52% oil. Q2 2024 production is estimated at 176 to 184 MBOEPD, 51% oil, affected by maintenance activities.
May 02, 2024 | 10:11 am
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Murphy Oil maintains 2024 CAPEX and production guidance, with Q2 2024 production impacted by maintenance activities.
The maintenance of CAPEX and production guidance for 2024 indicates stability in Murphy Oil's operations and financial planning. The detailed breakdown of Q2 2024 production estimates, including the impact of maintenance activities, provides transparency but does not necessarily indicate a negative impact on the stock price in the short term. The information is crucial for investors for understanding the company's operational efficiency and future production capabilities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100