StocksMedium•11 November 2026•
1 min read
Murphy Oil Signs Production Sharing Contracts for Four Offshore Blocks in Cameroon
Key Facts
1Murphy Oil Corporation has entered into production sharing contracts for four exploration blocks located offshore Cameroon.
Murphy Oil Corporation has entered into production sharing contracts for four exploration blocks located offshore Cameroon. Benzinga reported that the agreement expands the company's international upstream portfolio, following recent license awards in other regions such as Israel.
The stock of Murphy Oil, trading under the ticker MUR, closed at $34.72 on November 10, 2026. This strategic expansion into West Africa, a proven hydrocarbon region, is intended to bolster the company's long-term reserves.