Murphy Oil Corporation is an independent oil and gas exploration and production company. Co. is engaged in both onshore and offshore operations and properties. Co.'s geographic segments include the U.S., Canada, and all other countries. It produces crude oil, natural gas and natural gas liquids primarily in the U.S. and Canada and explores for crude oil, natural gas and natural gas liquids in targeted areas worldwide. In the U.S., it produces crude oil, natural gas liquids and natural gas primarily from fields in the Gulf of Mexico and in the Eagle Ford Shale area of South Texas. We show 61 historical shares outstanding datapoints in our MUR shares outstanding history coverage, used to compute MUR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MUR market cap history over the course of time is important for investors
interested in comparing MUR's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of MUR versus a peer is one thing; comparing
MUR market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like MUR can fluctuate over the course of history.
With this page we aim to empower investors researching MUR by allowing them to research the MUR market cap history. |
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Video: The Importance of Market Cap
