Murphy Oil(US:MUR)2025-08-07 13:00Financial Performance & Capital Allocation - The company returned over $190 million to shareholders in the first half of 2025, including $46 million in 2Q 2025[6] - The company is targeting long-term debt of $1 billion[8, 24] - The board authorized a share repurchase program of $550 million[11] - The company is allocating a minimum of 50% of adjusted free cash flow to share buybacks and potential dividend increases[6, 8, 81] Production & Operations - Second quarter 2025 production reached 190 MBOEPD (thousands of barrels of oil equivalent per day)[5, 19, 20] - Eagle Ford Shale production was 39 MBOEPD, representing 21% of total production[19, 36] - Offshore production was 72 MBOEPD, accounting for 38% of total production[19, 46] - Onshore Canada production was 79 MBOEPD, making up 41% of total production[19, 41] Exploration & Development - The company is progressing with the Lac Da Vang (Golden Camel) project in Vietnam, targeting first oil in 4Q 2026, with an estimated gross recoverable resource of 100 MMBOE (millions of barrels of oil equivalent)[53, 80, 83] - The company plans to spud the Civette well in Côte d'Ivoire in 4Q 2025, with a mean to upward gross resource potential of 440 MMBOE – 1,000 MMBOE[71]