|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||29.74|
|Forward Dividend & Yield||0.42 (5.22%)|
|1y Target Est||N/A|
By Shradha Singh and Nivedita Bhattacharjee (Reuters) - Murphy Oil Corp is exiting Malaysia with a $2.13 billion sale of its oil and gas assets there to Thailand's PTTEP and said it will use the proceeds ...
Moody's Investors Service ("Moody's") affirmed Murphy Oil Corporation's (Murphy) Ba2 Corporate Family Rating (CFR), its Ba2-PD probability of default rating (PDR) and Ba2 rating of its senior unsecured notes rating. The company's Speculative Grade Liquidity (SGL) Rating was affirmed at SGL-1.
The buyer, PTT Exploration and Production Public Co Ltd, will also pay Murphy up to $100 million in bonus if certain exploration projects show results before October 2020, the company said. In February, Houston based Marathon Oil Corp said it would exit the United Kingdom's North Sea oilfields, deciding to focus on the United States instead. Murphy, which also has operations in Canada, Brazil and other regions, said it will focus on the Western Hemisphere - mostly Texas' Eagle Ford basin and the U.S. Gulf of Mexico - for future exploration and production deals.