Murphy Oil Corporation Promotes Eric M. Hambly to Position of President and Chief Operating Officer and E. Ted Botner to Executive Vice President
08 February 2024 - 8:55AM
Business Wire
Murphy Oil Corporation (NYSE: MUR) today announced the following
promotions, effective February 1, 2024. The Board of Directors has
appointed Eric M. Hambly to the role of President and Chief
Operating Officer and E. Ted Botner to Executive Vice President.
Mr. Hambly and Mr. Botner will continue to report to Roger W.
Jenkins, Chief Executive Officer.
Over his 18-year career with Murphy, Mr. Hambly has played a
vital role in the success of Murphy’s global exploration and
production operations. He has earned roles with increasing
responsibilities primarily focusing on offshore operations in the
Gulf of Mexico and Malaysia, as well as onshore operations in the
US and Canada. He was promoted to his current position as Executive
Vice President, Operations in 2020.
Mr. Hambly earned bachelor’s and master’s degrees in chemical
engineering from Brigham Young University and has completed the
Advanced Management Program at Harvard Business School.
Joining Murphy in 2001 as an attorney, Mr. Botner has held
several positions with increasing responsibilities in the US and
Malaysia culminating in 2020 to his current role as Senior Vice
President, General Counsel and Corporate Secretary. Mr. Botner will
maintain his role of General Counsel and Corporate Secretary.
Mr. Botner earned bachelor’s degrees in arts and business
administration from the University of Texas, a Master of Business
Administration from Southern Methodist University and a law degree
from the University of Arkansas.
“I would like to congratulate Eric on his appointment and look
forward to working with him in his new role. Together, we remain
committed to the company’s strategy of Delever, Execute, Explore,
Return. We are aligned on further strengthening the company’s
balance sheet and rewarding our shareholders,” stated Roger W.
Jenkins, Chief Executive Officer. “In addition, I would also like
to congratulate Ted on his promotion which is in recognition of his
longstanding legal counsel and contributions to our company.”
ABOUT MURPHY OIL CORPORATION
As an independent oil and natural gas exploration and production
company, Murphy Oil Corporation believes in providing energy that
empowers people by doing right always, staying with it and thinking
beyond possible. Murphy challenges the norm, taps into its strong
legacy and uses its foresight and financial discipline to deliver
inspired energy solutions. Murphy sees a future where it is an
industry leader who is positively impacting lives for the next 100
years and beyond. Additional information can be found on the
company’s website at www.murphyoilcorp.com.
FORWARD-LOOKING STATEMENTS
This news release 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, make capital
expenditures 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; geopolitical concerns; 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; or adverse developments
in the U.S. or global capital markets, credit markets, banking
system or economies in general, including inflation. 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 U.S. Securities and Exchange Commission
(“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current
Report on Form 8-K that we file, available from the SEC’s website
and from Murphy Oil Corporation’s website at
http://ir.murphyoilcorp.com. Investors and others should note that
we may announce material information using SEC filings, press
releases, public conference calls, webcasts and the investors page
of our website. We may use these channels to distribute material
information about the company; therefore, we encourage investors,
the media, business partners and others interested in the company
to review the information we post on our website. The information
on our website is not part of, and is not incorporated into, this
news release. Murphy Oil Corporation undertakes no duty to publicly
update or revise any forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240207504872/en/
Investor Contacts: InvestorRelations@murphyoilcorp.com
Kelly Whitley, 281-675-9107 Megan Larson, 281-675-9470
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