Murphy Oil Corporation MUR posted third-quarter 2022 adjusted net income of $1.84 per share, beating the Zacks Consensus Estimate of $1.56 by 17.9%. The bottom line improved a whopping 666.7% from the year-ago quarter’s earnings of 24 cents.RevenuesIn the quarter under review, Murphy Oil’s revenues of $1,303.4 million beat the Zacks Consensus Estimate of $931 million by 40%. The top line improved 106.6% from the prior-year quarter’s $630.7 million. Murphy Oil Corporation Price, Consensus and EPS Surprise Murphy Oil Corporation price-consensus-eps-surprise-chart | Murphy Oil Corporation QuoteOperational HighlightsMurphy Oil produced 188,487 barrels of oil equivalent per day (BOE/D) in the third quarter, comprising 51% oil and 57% liquids. Production volumes were above the top end of guidance due to a less active Gulf of Mexico hurricane season and strong well performance in the Eagle Ford Shale.In the quarter under review, Murphy Oil’s total costs and expenses amounted to $550.3 million, up 35.1% from $407.3 million in the prior-year quarter.MUR incurred net interest charges of $37.4 million, down 9.5% from $46.9 million in the prior-year quarter.Murphy Oil during the quarter lowered its long-term debt by $248 million through redemption, partial tender and open market purchases of senior notes. Murphy Oil increased its annualized dividend to $1.00 per share.Financial ConditionMurphy Oil had cash and cash equivalents of $465.9 million as of Sep 30, 2022 compared with $521.2 million as of Dec 31, 2021.Long-term debt totaled $2,022.9 million on Sep 30, 2022 compared with $2,465.4 million as of Dec 31, 2021.Net cash provided by continuing operational activities in the first nine month of 2022 was $1,678.7 million compared with $1,091.3 million in the year-ago period.GuidanceMUR’s 2022 production guidance for 2022 has been revised to 164-172 MBOE/D band.Murphy Oil expects 2022 capital expenditure in the range of $975- $1,025 million. MUR is expecting fourth-quarter production volumes in the range of 1,73,500 –1,81,500 BOE/D.Zacks RankMurphy Oil currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent ReleasesDevon Energy Corp. DVN reported third-quarter 2022 adjusted earnings of $2.18 per share, beating the Zacks Consensus Estimate of $2.13 by 2.4%. Earnings were up 101.9% from the year-ago quarter.The Zacks Consensus Estimate for DVN’s 2022 earnings implies year-over-year growth of 150.7%. Devon Energy witnessed an average surprise of 8.5% in the last four reported quarters.CNX Resources Corporation CNX reported third-quarter 2022 adjusted loss of 54 cents per share, which missed the Zacks Consensus Estimate earnings of 72 cents by 175%.CNX Resources’ long-term (three to five years) earnings growth is currently pegged at 26.1%. The Zacks Consensus Estimate for CNX’s 2022 earnings implies year-over-year growth of 23.6%.TotalEnergies SE TTE has reported third-quarter 2022 operating earnings of $3.83 (€3.78) per share, lagging the Zacks Consensus Estimate of $3.91 per share by 2.04%.The Zacks Consensus Estimate for TTE’s 2022 earnings implies year-over-year growth of 117.7%. TotalEnergies posted an average surprise of 10.9% in the last four reported quarters. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Devon Energy Corporation (DVN): Free Stock Analysis Report CNX Resources Corporation. (CNX): Free Stock Analysis Report Murphy Oil Corporation (MUR): Free Stock Analysis Report TotalEnergies SE Sponsored ADR (TTE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research