Murphy Oil Corporation (NYSE:MUR) Q1 2023 Earnings Conference Call May 3, 2023 9:00 AM ET
Company Participants
Kelly Whitley – Vice President, Investor Relations and Communications
Roger Jenkins – President and Chief Executive Officer
Tom Mireles – Executive Vice President and Chief Financial Officer
Eric Hambly – Executive Vice President of Operations
Conference Call Participants
Arun Jayaram – JPMorgan
Neal Dingmann – Truist
Paul Cheng – Scotiabank
Neil Mehta – Goldman Sachs
Charles Meade – Johnson Rice
Leo Mariani – Roth MKM
Operator
Good morning, ladies and gentlemen, and welcome to the Murphy Oil Corp. First Quarter 2023 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to Kelly Whitley, Vice President, Investor Relations and Communications. Please go ahead.
Kelly Whitley
Thank you, Joel. Good morning, everyone, and thank you for joining us on our first quarter earnings call today. Joining me today is Roger Jenkins, President and Chief Executive Officer; along with Tom Mireles, Executive Vice President and Chief Financial Officer; and Eric Hambly, Executive Vice President of Operations.
Please refer to the informational slides we have placed on the Investor Relations section of our website as you follow along with our webcast today. Throughout today's call, production numbers, reserves and financial amounts are adjusted to exclude non-controlling interest in the Gulf of Mexico.
Cautionary statements, please keep in mind that some of the comments made during this call will be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. As such, no assurances can be given that these events will occur or that the projections will be attained. A variety of factors exist that may cause actual results to differ. For further discussions of risk factors, see Murphy's 2022 Annual Report on Form 10-K on file with the SEC. Murphy takes no duty to publicly update or revise any forward-looking statements.
I will now turn the call over to Roger.
Roger Jenkins
Thank you, Kelly. Good morning, everyone, and thanks for listening to our call today. On slide 2, Murphy continues to deliver a strong value proposition to our shareholders. Our ongoing execution excellence across our significant offshore backlog and over 1,000 oil weighted onshore locations will ensure that we will remain a long-term sustainable company.
We operate safely with a focus on continual improvement in our carbon emissions intensity. Offshore competitive advantage is reinforced with our significant recent progress success – project success rather at Khaleesi Mormont Samurai fields in the Gulf of Mexico. Murphy also has an ongoing expiration portfolio as we're in process of a three well program operated this year. We continue to generate strong cash flow. We've been able to more than double our long-standing dividend from 2021 as well as significantly reduce long-term debt.