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Murphy Oil Announces Preliminary Second Quarter Earnings

The public is invited to access the Company’s conference call to discuss second quarter 2012 results on Thursday, August 2, at 12:00 p.m. CDT either via the Internet through the Investor Relations section of Murphy Oil’s Web site at http://www.murphyoilcorp.com/ir or via telephone by dialing 1-800-946-0706. The telephone reservation number for the call is 2949778. Replays of the call will be available through the same address on Murphy Oil’s Web site, and a recording of the call will be available through August 6 by calling 1-888-203-1112 and using the same reservation number shown above. Audio downloads of the conference will be available on Murphy’s Web site through September 4 and via Thomson StreetEvents for their service subscribers.

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements include, but are not limited to, the volatility and level of crude oil and natural gas prices, the level and success rate of our exploration programs, our ability to maintain production rates and replace reserves, customer demand for our products, political and regulatory instability, and uncontrollable natural hazards. For further discussion of risk factors, see Murphy’s 2011 Annual Report on Form 10-K on file with the U.S. Securities and Exchange Commission. Murphy undertakes no duty to publicly update or revise any forward-looking statements.

MURPHY OIL CORPORATION

CONSOLIDATED FINANCIAL DATA SUMMARY

(Unaudited)
 
 

SECOND QUARTER

   

2012

   

2011

 
Revenues $ 7,190,339,000 $ 7,415,925,000
 
Income from continuing operations $ 295,437,000 $ 280,016,000
 
Net income $ 295,437,000 $ 311,613,000
 

Income from continuing operations per Common Share

Basic $1.52 $1.45
Diluted $1.52 $1.44
 
Net income per Common share
Basic $1.52 $1.61
Diluted $1.52 $1.60
 
Average shares outstanding
Basic 194,208,795 193,481,601
Diluted 194,846,202 194,916,194
 
 

FIRST SIX MONTHS

 
Revenues $ 14,184,858,000 $ 13,687,598,000
 
Income from continuing operations $ 585,508,000 $ 518,458,000
 
Net income $ 585,508,000 $ 580,516,000
 

Income from continuing operations per Common share

Basic $3.02 $2.68
Diluted $3.01 $2.66
 
Net income per Common share
Basic $3.02 $3.00
Diluted $3.01 $2.98
 
Average shares outstanding
Basic 194,050,950 193,267,154
Diluted 194,820,285 194,642,191




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