For generations these Arkansas families have made vital contributions to the state’s economic landscape, while also maintaining a commitment to giving back through numerous philanthropic endeavors.
Murphy Oil (MUR) Shares Down After Reporting Loss For Q4
Murphy Oil Corp. (NYSE:MUR), formerly known as Murphy Corp. was founded in 1950 in Louisiana. However, its original history dates back to 1907 when the company’s founder Charles Murphy, Sr. bought tracks of land for future oil discoveries. The company evolved over the years to become a leading energy player in the global oil and gas market.
Like rival companies, Murphy also struggled to generate revenue in 2020 due to the negative impact of the Covid-19 virus on its global operations. MUR stock was trading around $26 at the start of 2020. Its share price fell sharply to a low of $4.50 in March as the pandemic hurt the global travel industry that eventually caused the oil prices to drop.