Article: El Dorado, Ark.-Based Murphy Oil Announces Second-Quarter Losses.

Duluth News-Tribune, Minn. Knight Ridder/Tribune Business News

Jul. 25--Murphy Oil Corp. announced Thursday that net income in the second quarter was $14 million, down from $95 million before a special item in the second quarter a year ago.

A 30 percent decline in North American natural gas prices and higher exploration expense were the primary reasons for the earnings decline.

The company's refining and marketing operations incurred a loss of $8 million in the most recent quarter compared to earnings ...

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