Blog: MURPHY OIL CORP : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) –

Item 7.01. Regulation FD Disclosure.

On August 1, 2022, Murphy Oil Corporation (the “Company”) announced the
commencement of cash tender offers (the “Tender Offers”) to purchase up to
$200,000,000 in aggregate purchase price of its outstanding 5.750% senior notes
due 2025 (the “2025 Notes”), 6.375% senior notes due 2028 (the “2028 Notes”) and
5.875% senior notes due 2027 (the “2027 Notes” and, together with the 2025 Notes
and the 2028 Notes, the “Notes”).

The Tender Offers are subject to market conditions. Consummation of the Tender
Offers is conditioned upon certain customary conditions described in the offer
to purchase (the “Offer to Purchase”) dated August 1, 2022. A copy of the press
release relating to the Tender Offers is attached as Exhibit 99.1 and is
incorporated herein by reference.

This Current Report on Form 8-K is neither an offer to sell nor the solicitation
of an offer to buy any securities. In addition, this Current Report on Form 8-K
is neither an offer to purchase nor the solicitation of an offer to sell any

The information in this Item 7.01, including Exhibit 99.1 is being furnished and
shall not be deemed “filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the
liabilities of that Section, and shall not be incorporated by reference into any
registration statement or other document pursuant to the Securities Act of 1933,
as amended, or the Exchange Act, except as otherwise expressly stated in such

This Current Report on Form 8-K, including the information furnished pursuant to
Item 7.01 and the related Item 9.01 hereto, contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are generally identified through the inclusion of
words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”,
“expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”,
“may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”,
“seek”, “should”, “strategy”, “target”, “will” or variations of such words and
other similar expressions. These statements, which express management’s current
views concerning future events, results and plans, are subject to inherent
risks, uncertainties and assumptions (many of which are beyond our control) and
are not guarantees of performance. In particular, statements, express or
implied, concerning the company’s future operating results or activities and
returns or the company’s ability and decisions to replace or increase reserves,
increase production, generate returns and rates of return, replace or increase
drilling locations, reduce or otherwise control operating costs and
expenditures, generate cash flows, pay down or refinance indebtedness, achieve,
reach or otherwise meet initiatives, plans, goals, ambitions or targets with
respect to emissions, safety matters or other ESG
(environmental/social/governance) matters, or pay and/or increase dividends or
make share repurchases and other capital allocation decisions are
forward-looking statements. Factors that could cause one or more of these future
events, results or plans not to occur as implied by any forward-looking
statement, which consequently could cause actual results or activities to differ
materially from the expectations expressed or implied by such forward-looking
statements, include, but are not limited to: macro conditions in the oil and gas
industry, including supply/demand levels, actions taken by major oil exporters
and the resulting impacts on commodity prices; increased volatility or
deterioration in the success rate of our exploration programs or in our ability
to maintain production rates and replace reserves; reduced

customer demand for our products due to environmental, regulatory, technological
or other reasons; adverse foreign exchange movements; political and regulatory
instability in the markets where we do business; the impact on our operations or
market of health pandemics such as COVID-19 and related government responses;
other natural hazards impacting our operations or markets; any other
deterioration in our business, markets or prospects; any failure to obtain
necessary regulatory approvals; any inability to service or refinance our
outstanding debt or to access debt markets at acceptable prices; adverse
developments in the U.S. or global capital markets, credit markets or economies
in general; and our ability to consummate the Tender Offers on the anticipated
terms, if at all. For further discussion of factors that could cause one or more
of these future events or results not to occur as implied by any forward-looking
statement, see “Risk Factors” in our most recent Annual Report on Form 10-K
filed with the SEC and any subsequent Quarterly Report on Form 10-Q or Current
Report on Form 8-K that we file. Murphy Oil Corporation undertakes no duty to
publicly update or revise any forward-looking statements.

Item 9.01. Financial Statements and Exhibits.

(d)    Exhibits

   99.1     Press release issued by Murphy Oil Corporation, dated August 1, 2022,
          announcing the Tender Offers.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

© Edgar Online, source Glimpses

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s