Murphy Oil Corporation Announces First Quarter 2023 Financial and Operating Results, Reaffirms 2023 Production and Capital Expenditure Guidance Ranges
Details for first quarter results and an adjusted net income reconciliation can be found in the attached schedules.
- Details for first quarter results and an adjusted net income reconciliation can be found in the attached schedules.
- First quarter production averaged 172.5 MBOEPD and consisted of 55 percent oil volumes, or 94 MBOPD.
- Gulf of Mexico – Production averaged approximately 87 MBOEPD, consisting of 79 percent oil during the first quarter.
- Murphy reaffirms its 2023 accrued capital expenditures (CAPEX) plan range of $875 million to $1.025 billion.