Shares of Murphy Oil Corporation (NYSE: MUR) surged as much as 5% on Wednesday on speculation that the company could be a tkeover target. The company will announce its second quarter results after the closing bell on Wednesday, July 27, 2011. Murphy Oil Corporation engages in the exploration and production of oil and gas properties worldwide. It explores for and produces crude oil, natural gas, natural gas liquids, condensate, and synthetic oil. Stay tune for more.
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