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Wednesday, November 04, 2009
Murphy Oil Falls On Sharply Lower Energy Prices
By Jim Jelter
MarketWatch Pulse
SAN FRANCISCO -- Murphy Oil Corp. reported late Wednesday third-quarter net income fell to $188.9 million, or 98 cents a share, from $584.4 million, or $3.04 a share, a year ago. Revenue for the three months ended Sept. 30 fell to $5.18 billion from $8.17 billion. Analysts polled by FactSet Research had predicted the El Dorado, Ark.-based company would earn $1 a share on $3.82 billion in revenue. Murphy Oil shares closed ahead of the report with a 4-cent gain at $63.27.
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