MURPHY ANNOUNCES STRATEGIC SALE OF MALAYSIAN PORTFOLIO MARCH 21, 2019 ROGER W. JENKINS PRESIDENT & CHIEF EXECUTIVE OFFICER MURPHY OIL CORPORATION www.m ur p h yo i lc o r p.c om NYSE: MUR 1
Sale of Murphys Malaysian Business for 2.127 BN All-Cash Murphys Malaysia Assets Sought by Strategic Positive Outcomes for Murphy Purchasers Further Benefit Shareholders with Share Repurchase & Oil-Weighted Production Decreasing from…
Transaction Summary Details Transaction Summary Offshore Malaysia Acreage & Fields Buyer PTTEP Purchase Price 2.127 BN Block H Additional Contingent Payment1 Up to 100 MM Effective Date Jan 1, 2019 Kikeh Expected Close 2Q 2019…
Expected Use of Proceeds Returning Immediate Value Creating Long-Term Value 2019 - 2023 500 MM Share Repurchase Authorization OIL-WEIGHTED GROWTH Increasing Oil Production 8% CAGR 750 MM Debt Reduction Plan Targeting…
Cash Balance With Use of Proceeds Malaysia Divestiture & Use of Proceeds 2019 2023 Strategic Multi-Year Plan Share Repurchase Auth. 500 MM Dividends Free Cash Flow 780 MM CF CAPEX Debt 1.2 BN 1.5 BN Before Dividend Cash…
Changes to 2019 Plan Post Asset Sale Previous 2019 Annual CAPEX 1.25 1.45 BN 2019 CAPEX 106 MM Allocated to Malaysia 1.50 Previous 2019 Production 202 210 MBOEPD 46,000 48,000 BOEPD Allocated to Malaysia Malaysia 1.25 BN…
Murphy Transformation Over Time Total Proceeds on Sale of Assets: 5 BN Total Gains on Sale of Assets: 2 BN 2016 Acquired Kaybob 2018 Duvernay & MP GOM Placid Montney for Transaction 206 MM 795 MM 2014 2014 2016 2016 2017 2019…
History of Benefitting Shareholders Peer Free Cash Flow Yield 2018 Returned 4.3 BN to Shareholders, Since 1961 Returned 3.5 BN to Shareholders in Last 10 Years 5% 1.125 BN in Share Repurchases, 2013 2018 0% Representing 10% of…
Long-Term Plan Post-Malaysia Asset Sale Maintain 65% Liquids Production Weighting Production CAGR 8% Oil Production CAGR 8% 2019 2023 Production Growth 250 US Onshore Focused on Oil-Weighted Growth NA CAPEX 700 MM Average per Year…
Positioning Company for Long-Term Value Creation Continuing the Legacy of Rewarding Shareholders Monetizing 2P Reserves at Full Value Enhancing Financial Flexibility & Strengthening Balance Sheet Simplifying Portfolio with…
ONSHORE APPENDIX MURPHY OIL CORPORATION www.m ur p h yo i lc o r p.c om NYSE: MUR 12
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