A Look At Murphy Oil Corporation (NYSE:MUR) Malaysia E&P Operations

Dateline 2018-01-14, Hadeplatform (not to be confused with Hades Platform, you ‘The Good Place’ fans):

Malaysia E&P operations reported earnings of $67.7 million for the third quarter of 2017, compared to earnings of $65.0 million a year earlier. Favorable to Malaysia was higher average oil and natural gas prices.

However this was mostly offset by lower natural gas volume sold, higher lease operating expense, higher depreciation expense and higher income tax expense. Crude oil and natural gas sales volumes in Malaysia were lower in the 2017 quarter versus 2016, primarily due to a maintenance shutdown in Sarawak in 2017.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: