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EX - 99.1 2 mur - 2021q3xex991.htm EX - 99.1 EXHIBIT 99.1 MURPHY OIL CORPORATION NEWS RELEASE MURPHY OIL CORPORATION ANNOUNCES THIRD QUARTER 2021 RESULTS AND FULL YEAR 2021 UPDATE Achieves 2021 Long - Term Debt Reduction Goal of $ 300 Million Following Recent Bond Notice of Redemption , Lowers 2021 CAPEX Midpoint $ 20 Million to $ 680 Million HOUSTON , Texas , November 4 , 2021 – Murphy Oil Corporation ( NYSE : MUR ) today announced its financial and operating results for the third quarter ended September 30 , 2021 , including net income attributable to Murphy of $ 108 million , or $ 0.70 net income per diluted share . Adjusted net income , which excludes discontinued operations and other one - off items , was $ 37 million , or $ 0.24 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 third quarter include : • Generated adjusted earnings before interest , tax , depreciation , amortization and exploration expenses of $ 312 million , or $ 21.95 per barrel of oil equivalent . Advanced debt reduction goal with redemption of $ 150 million of 6.875 percent senior notes due 2024 Finalized Terra Nova asset life extension project agreement with partners and government , increasing Murphy's working interest to 18 percent from 10.475 percent Maintained schedule of major projects in the Gulf of Mexico ahead of first oil in the first half of 2022 with drilling Khaleesi # 3 and spudding Samurai # 4 during the quarter , with no timing impacts from Hurricane Ida Transported the King's Quay floating production system successfully , safely and on schedule to the Texas coast from South Korea 1