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Wednesday, April 7, 2010 as of 11:14 AM ET

Murphy Oil

    Murphy Oil Corporation is an international oil and gas company, incorporated in 1950 as Murphy Corporation, that conducts business through various operating subsidiaries.

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    Get updates on Murphy Oil
    New Deals Show Corporate Bond Market's Resilience

    Highly rated companies continued to sell bonds at superlow interest rates even as market conditions deteriorated further.

    More than $3 billion of new debt hit the high-grade U.S. market Tuesday, led by five companies in the energy and utility sector. The deals were having no problem finding investors despite a continued selloff among riskier assets and more protection-buying in the derivatives market.Equities fell roughly 1%, bank bonds continued to tumble, and the Markit's CDX North America Investment-Grade Index, a barometer of sentiment based on credit default swaps, weakened 2.2%But none of that stopped Progress Energy Inc. (PGN) from issuing $1 billion in a two-part deal of 10- and 30-year first mortgage bonds. They offered respective yields of 2.826% and 4.129%, or spreads of 1.05 and 1.20 points above the comparable Treasury rates.The 10-year bond represents the lowest-ever yield for a 10-year bond from the utility sector, according to Standard & Poor's LCD. The 30-year yield was...

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    1. Canadian Oil Sands 4Q Earnings Drop 60% On Syncrude Downtime

      Canadian Oil Sands Ltd. (COS.T), the largest owner of the Syncrude oil-sands project in northeastern Alberta, reported a 60% decline in earnings in the fourth quarte...

    2. Murphy Oil , Noble Corp. Up As Energy Stocks Rise

      Murphy Oil rose 2% and Noble Corp. [S: ne] advanced by 2.7% as energy stocks extended their gains on Wednesday. Energy stocks in the S&P 500 rose 0.4% on average, ac...

    3. Murphy Oil Posts 4Q Loss On Congo Charge; 1Q View Cautious

      DOW JONES NEWSWIRESMurphy Oil Corp. (MUR) swung to a loss in the fourth quarter after lower-than-expected production from the company's offshore wells in the Republi...

    4. Murphy Oil Swings To a Loss On Azurite Write-down

      Murphy Oil Corp. reported late Wednesday a fourth-quarter loss of $113.9 million, or 59 cents a share, reversing a year-ago profit of $174.1 million, or 90 cents a s...

    5. Murphy Oil To Book $370 Million 4Q Write-Down On Weak Congo Output

      DOW JONES NEWSWIRESMurphy Oil Corp. (MUR) said it would book a $370 million write-down in the fourth quarter of last year because output rates and ultimate oil recov...

    6. Energy Stocks Snap Back From Losses

      Energy stocks on Tuesday rebounded from losses in the previous session, with oil service shares leading the way higher. The NYSE Arca Oil Index rose 1.3%. The NYSE A...

    7. Special Report: Risk, reward and Kurdistani oil

      By Tom BerginTAWKE, Iraq (Reuters) - In this part of Iraq, the hillsides sweat oil. Without any coaxing, the sticky black treasure oozes from the layered rock and ga...

    8. Markets Brush Up Against Crucial Levels

      FOX Business: The Power to ProsperFollowing in the footsteps of the Dow, the S&P 500 touched the closely-watched 1300 level on Thursday for the first time in two yea...

    9. Murphy Oil : Expect To Improve Exploratory Results By Year End

      HOUSTON -(Dow Jones)- Murphy Oil Corp. (MUR) said Thursday it is confident it will significantly improve its oil-and-gas production and exploratory drilling results ...

    10. Transocean rig leaving Gulf of Mexico for Egypt

      By Braden ReddallSAN FRANCISCO (Reuters) - Another Transocean Ltd rig is leaving the deepwater Gulf of Mexico, still under contract with Statoil -- the fourth rig de...

    11. Murphy Oil's Investment in Students' Future

      Former Murphy Oil President and CEO Claiborne Deming on Murphy Oil's investment in college scholarships for students from El Dorado, Ark..

    12. Sell or Hold Oil?

      GreenCandy.com's Peter Dunn on why you should hold onto your energy stocks.

    1. Chesapeake Energy Falls 5%, Energy Stocks Flat

      Energy stocks traded flat in early action on Tuesday, as the equities market rose slightly. Energy stocks in the S&P 500 rose fractionally, with shares of Rowan Cos....

    2. Energy Stocks Fall, But Chesapeake Finds Footing

      Energy stocks extended losses from the previous session on Thursday, with Apache Corp. off by 2.6% and Murphy Oil down by 2.3%, while Alpha Natural Resources lost ab...

    3. Murphy Oil 1Q Net Up 7.9% On Higher Oil Prices

      Murphy Oil Corp.'s (MUR) first-quarter income rose a better-than-expected 7.9% as the oil producer benefited from higher oil prices, though oil production sank.Murph...

    4. Murphy Oil 1Q Continuing Operations EPS $1.49

      (Murphy Oil (MUR) reported first-quarter 2012 Cont Ops EPS of $1.49, with income of $290.1 million. Two of the headlines that ran at 17:00 EDT, reported the continui...

    5. Delta to Buy U.S. Refinery for $150M

      Delta Air Lines Inc will buy a Pennsylvania oil refinery from ConocoPhillips for $150 million, the most audacious move yet by an airline trying to save money on fuel...

    6. Syncrude Under Repair For 30 Days, Output Cut By 100,000 Bbls/d

      The Syncrude oil-sands project will be under repair for about 30 days and its production cut by roughly 100,000 barrels day after a fire last weekend, a spokeswoman ...

    7. Syncrude Operating At Two-Thirds Capacity After Coker Fire

      The Syncrude oil-sands project in northeastern Alberta is operating at reduced capacity after a fire at its refinery, a spokeswoman for the project's largest stakeho...

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