MUR meaning in Business ?

Answer:

What is Murphy Oil Corporation mean?

Murphy Oil Corporation is a company engaged in hydrocarbon exploration headquartered in Houston, Texas.

The company is ranked 625th on the Fortune 500 and 1860th on the Forbes Global 2000.

As of December 31, 2020, the company had 714.9 million barrels of oil equivalent (4.374×109 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 2020 production of 174.636 thousand barrels of oil equivalent (1,068,400 GJ) per day, 59% was petroleum, 5% was natural gas liquids, and 36% was natural gas.

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