Murphy Oil Corporation (NYSE:MUR) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET

Company Participants

Kelly Whitley - VP, Investor Relations and Communications
Roger Jenkins - Chief Executive Officer
Tom Mireles - EVP and CFO
Eric Hambly - President and COO

Conference Call Participants

Neal Dingmann - Truist Securities
Carlos Escalante - Wolfe Research, LLC
Leo Mariani - ROTH MKM
Paul Cheng - Scotia Howard Weil
Tim Rezvan - KeyBanc
Arun Jayaram - J.P. Morgan

Operator

Good morning, ladies and gentlemen, and welcome to the Murphy Oil Corporation Third Quarter 2024 Earnings Conference Call and Webcast. [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

Good morning, everyone, and thank you for joining us on our third quarter earnings call today. With me are Roger Jenkins, chief executive officer; Eric Hambly, President and Chief Operating Officer and Tom Mireles, Executive Vice President and Chief Financial Officer. Please refer to the informational slides we 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 our non-controlling interest in the Gulf of Mexico.

Slide 2. 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 may exist that cause us the results to differ. For further discussion of risk factors, see Murphy's 2023 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 Jenkins. Roger?

Roger Jenkins

Thank you, Kelly. Good morning, everyone, and thank you for listening in on our call today. As we turn to Slide 3, I'd like to reiterate our corporate priorities of delever, execute, explore, and return. In the third quarter, we focused on executing our operations, advancing our exploration program, and progressing shareholder returns. Murphy produced 185,000 barrels of oil equivalent per day during the third quarter. We progressed our Gulf of Mexico well program and brought online Eagle Ford Shale wells as planned. I'm pleased to announce that early in fourth quarter, we initiated construction of the Loc Duvang production platform for our field development project in Vietnam.