Murphy Oil Cuts Losses in 2016, Boosts Capital Spending in Unconventional Production

SUGAR LAND--January 27, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Murphy Oil Corporation (NYSE:MUR) (El Dorado, Arkansas) pared its losses in full-year 2016 to $276 million, a sharp improvement from 2015's $2.27 billion net loss, with executives stating that the company had survived "one of our industry's worst commodity price collapses." Industrial Info is tracking $1.85 billion in active projects involving Murphy.

Within this article: Details on some of Murphy's highest-value global projects, including a bitumen crude oil production plant in Canada.