Murphy Oil stock slips after $500 million bond pricing; traders eye January earnings
Murphy Oil shares slipped 0.4% to $32.60 after the company priced $500 million in 6.500% senior notes due 2034. Proceeds will go toward redeeming 2027 and 2028 notes and repaying a credit line. The bond sale is set to close Jan. 23, with fourth-quarter earnings due Jan. 28. Redemptions depend on successful completion of the offering.
