Murphy Oil (MUR) Q1 Earnings and Revenues Surpass Estimates

Murphy Oil Corporation (MUR) delivered first-quarter 2024 adjusted net earnings of 85 cents per share, surpassing the Zacks Consensus Estimate of 82 cents by 3.7%. The bottom line declined 31.5% from the year-ago quarter’s earnings of $1.24.GAAP earnings were 59 cents compared with $1.22 reported in the year-ago quarter.RevenuesRevenues of $796.4 million surpassed the Zacks Consensus Estimate of $730 million by 9.1%. The top line declined 5.4% from the prior-year quarter’s $842 million.Murphy Oil Corporatio ...