Murphy Oil's second quarter 2026 production hits 169k BOEPD, driving increased FY26 capital guidance.

Murphy Oil reported second quarter 2026 revenue of $928.3 million and an adjusted EPS of $1.55, beating analyst estimates. Net production averaged 168,995 barrels of oil equivalent per day (BOEPD), at the upper end of its guidance range, driven by strong well performance.

Key Highlights

• Produced 168,995 barrels of oil equivalent per day (BOEPD), at the upper end of the 161,000 to 169,000 BOEPD guidance range, citing strong performance in Tupper Montney.
• Announced an oil discovery at the Bubale-1X exploration well offshore Côte d'Ivoire and advanced the Lac Da Vang development project in Vietnam toward first oil in Q4 2026.
• Increased its full-year 2026 capital expenditure guidance midpoint to $1.55 billion from a prior $1.25 billion to advance appraisal and development opportunities.