Murphy Oil

MUR

Murphy Oil Corporation is a company engaged in hydrocarbon exploration headquartered in Houston, TX. The company recently closed all other offices in El Dorado, AR and Calgary, Alberta.In the 2020 Forbes Global 2000, Murphy Oil was ranked as the 1860th -largest public company in the world. As of December 31, 2019, the company had 825 million barrels of oil equivalent (5.05×109 GJ) of estimated proved reserves, of which 51% was petroleum, 42% was natural gas, and 7% was natural gas liquids.The company's developed reserves are in the United States and Canada. The company also has undeveloped reserves in Australia, Brazil, Brunei, Mexico, and Vietnam.In the United States, the company's reserves are primarily in the Eagle Ford Group area of South Texas and in the deepwater Gulf of Mexico.The company's Canadian operations are mostly heavy crude oil projects in the Western Canadian Sedimentary Basin.Of the company's 2019 production of 185.6 thousand barrels of oil equivalent (1,135,000 GJ) per day, 59% was petroleum, 5% was natural gas liquids, and 36% was natural gas.

Murphy Oil has been a target of short sellers for a while. The current short interest of 7.36% is roughly at the average of the last 12 months (8.44%).