During the second quarter, Murphy repurchased $56 million of stock, or 1.4 million shares, at an average price of $41.03 per share. Subsequent to second quarter, Murphy repurchased $44 million of stock, or 1.1 million shares, at an average price of $38.62 per share. Additionally, the Board of Directors increased the share repurchase authorization by $500 million.
As of August 7, 2024, Murphy had repurchased $150 million of stock in 2024, or 3.8 million shares, at an average price of $39.70 per share. Murphy currently has $800 million remaining under the share repurchase authorization and 150.1 million shares outstanding.
