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Murphy Oil targets Gulf well and Vietnam first oil in 2026
Murphy Oil Corporation announced strong first-quarter 2026 financial and operating results, exceeding production guidance at 174 MBOEPD due to outperformance in the Eagle Ford Shale and Gulf of America. The company spud key development and exploration wells in the Gulf of America, Vietnam, and Côte d’Ivoire, with first oil targeted for the Chinook #8 well in the Gulf in late 2026 and the Lac Da Vang project in Vietnam by the end of 2026. Murphy Oil also highlighted its disciplined capital allocation, robust shareholder returns with $50 million in dividends, and a strong liquidity position of $2.38 billion.