HOUSTON (AP) — HOUSTON (AP) — Murphy Oil Corp. (MUR) on Thursday reported second-quarter profit of $127.7 million.
On a per-share basis, the Houston-based company said it had net income of 83 cents. Earnings, adjusted for non-recurring gains, came to 81 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The oil and gas producer posted revenue of $802.8 million in the period, which matched Street forecasts.
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