Murphy Oil Corp

MUR remains under bearish control after the Bearish Pivot Point confirmed failure of upside control. Price is trading below the 9/20/50/200 EMAs and is rejecting near the 36.00–36.50 resistance zone. EMAs are sloping lower with volume contracting on bounces. With a bearish medium-term bias and short-term timing unfavorable for longs, we favor selling into resistance now. A sustained close above 36.50 would invalidate this bearish outlook.

• ↑Q2 2026 revenue of $926.3M (+33.2% YoY), 38.3% op margin, 70.9% free cash flow margin
• ↑Offshore oil find in Côte d'Ivoire and expanded Vietnam ops; capex rising to $1.55B in 2026
• ↓Adjusted EPS of $1.55 fell short of forecasts, signaling weak profitability