Murphy Oil(MUR) - 2024 Q4 - Annual Results

EXHIBIT 99.1 MURPHY OIL CORPORATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 RESULTS, PRELIMINARY YEAR-END 2024 RESERVES, 2025 CAPITAL EXPENDITURE AND PRODUCTION GUIDANCE Drilled an Oil Discovery at Hai Su Vang-1X in Offshore Vietnam, Increased Dividend 8 Percent in 2025, Repurchased $300 Million of Shares in Accordance With Capital Allocation Framework, Maintained Reserve Life of 11 Years With Preliminary Proved Reserves of 713 MMBOE HOUSTON, Texas, January 30, 2025 – Murphy Oil Corporation (NYSE: MUR) ...