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STS - Murphy Oil Highlights - April 16, 2020
On April 1, Murphy Oil announced another round of reductions to its 2020 spending plans. Capex guidance is now $780 million, down from $950 million in March and down 46% from original guidance of $1.45 billion. CEO pay has been reduced 35%, while other executives will see an average 22% contraction in pay. Board member retainers will drop by 35%, and the chairman will reduce his retainer by 70%. The quarterly dividend has also......
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