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Murphy Oil profit surges on higher oil prices, sales volume

SAN FRANCISCO (MarketWatch) — Murphy Oil Corp. reported late Wednesday first-quarter net income of $409 million, or $2.14 a share, up from $110.6 million, or 58 cents a share, a year ago. The latest quarter’s earnings also included a $39.9 million one-time gain on the sale of its Berkana Energy shares in Canada. Revenue for the three months ended March 31 rose to $6.53 billion from $3.43 billion. Analysts polled by Thomson Financial had predicted the El Dorado, Ark.-based company would earn $1.94 a share on $6.23 billion in revenue. Murphy Oil shares closed 0.7% higher at $90.34 ahead of the report.
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Original post by Forextvblog

This entry was posted on Wednesday, April 30th, 2008 at 5:39 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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