Murphy Oil Corporation shares fall 1.13% premarket after reporting lower-than-expected revenue.

Murphy Oil Corporation fell 1.13% in premarket trading. The decline may be attributed to the company's reported revenue of $5.01 billion for the second quarter, which fell short of Street forecasts of $5.47 billion. Despite beating earnings expectations with a net income of $7.36 per share, the revenue shortfall likely contributed to the stock's decline. Additionally, JP Morgan revised its target price upwards to USD 565, which may have had a limited impact on the stock's premarket performance.