Murphy Oil: Thoughts On Dividend After Q4 Results

Seeking Alpha | Feb 21, 2020 at 6:26 PM
  • On January 30, Murphy Oil (NYSE:MUR), an independent exploration & production company, presented its fourth-quarter and full-year results.
  • To investor chagrin, the 2019 dividend was insufficiently covered by organic free cash flow (from continuing operations).
  • The chart below summarized the data on MUR’s organic and inorganic free cash flow, dividend, and total stockholder rewards inclusive of a share repurchase program for the five-year period.