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EX - 99.1 2 mur - 2021q2xex991.htm EX - 99.1 EXHIBIT 99.1 MURPHY OIL CORPORATION NEWS RELEASE MURPHY OIL CORPORATION ANNOUNCES SECOND QUARTER 2021 RESULTS Exceeds Production Guidance , Accelerates Debt Reduction Plan , Publishes 2021 Sustainability Report HOUSTON , Texas , August 5 , 2021 - Murphy Oil Corporation ( NYSE : MUR ) today announced its financial and operating results for the second quarter ended June 30 , 2021 , including a net loss attributable to Murphy of $ 63 million , or $ 0.41 net loss per diluted share . Adjusted net income , which excludes discontinued operations and other one - off items , was $ 91 million , or $ 0.59 net income per diluted share . Unless otherwise noted , the financial and operating highlights and metrics discussed in this commentary exclude noncontrolling interest . 1 Highlights for the second quarter include : • • • Produced 171 thousand barrels of oil equivalent per day , exceeding the high end of guidance , with 100 thousand barrels of oil per day Generated $ 405 million of adjusted earnings before interest , taxes , depreciation and amortization , and exploration , or $ 25.86 per barrel of oil equivalent Increased cash position by approximately $ 190 million through higher production volumes , disciplined spending and operational efficiencies , including noncontrolling interest Continued significant drilling projects in the Gulf of Mexico with drilling Samurai # 3 and spudding Khaleesi # 3 during the quarter Completed construction of King's Quay floating production system , on track to arrive at shore base in the Gulf of Mexico by third quarter - end Drilled a discovery in non - operated Block CA - 1 in Brunei with the Jagus SubThrust - 1X exploration well