People | People-Promotion | People-Retirement

Murphy Oil CFO to Retire; Mireles Tapped as Successor

Email    |    Print    |    Bookmark

You Need to login first

   |    Monday,March 14,2022

Murphy Oil Corp. announced that David R. Looney plans to retire from the company and will relinquish his position as Executive Vice President and Chief Financial Officer on June 30, 2022.

The Board of Directors has elected Thomas J. "Tom" Mireles to serve as his replacement effective upon Mr. Looney's retirement. Mr. Mireles will assume Mr. Looney's responsibilities, as well as maintain oversight of the company's sustainability function.

Mr. Looney joined Murphy in 2018, and will conclude his 38-year financial career by modernizing Murphy's financial function, as well as leading efforts to strengthen the balance sheet following the global pandemic.

About Mireles:

Joining the company in 2005, Mr. Mireles has a proven track record with Murphy as he earned roles with increasing responsibility culminating in his most recent position as Senior Vice President, Technical Services. While working at the company, Mr. Mireles has gained extensive experience in managing multiple disciplines, including Senior Manager Planning and Business Development, as well as gaining significant operational experience serving as a senior vice president in both the Western and Eastern Hemispheres. Prior to Murphy, he started his career in 1996 as a petroleum engineer for a major integrated energy company. Mr. Mireles received bachelor's and master's degrees in petroleum engineering from Texas A&M University and a Master of Business Administration from the London Business School. In addition, he completed the following executive programs through Harvard Business School: Advanced Management Program, High Potentials Leadership Program, and Succeeding as a Strategic Chief Financial Officer.

2021 Development Plan

Category	2020	2021 Est. Initial	Updated 2021 Guidance	%Difference (2020vs 2021)
Total Capital Expenditure($mm)

Production Natural Gas(Mmcf/d)
Production Oil(bbls/d)
Production Daily Equivalent(boe/d)

 Click here for More Planned 2021 Activity