Oil prices have tumbled from about $53 a barrel in mid-February to about $23 a barrel. In the first quarter of 2019, Murphy Oil posted net income of $40 million. Murphy Oil reported a per-share loss of $2.71 for the quarter that ended March 31, compared with a gain of 23 cents per share in the same quarter the previous year. Fourteen analysts surveyed by Thomson Reuters had estimated an average loss of 46 cents per share. Murphy Oil's revenue rose 58.7% in the quarter, topping $1 billion. The company's shares fell 7 cents, or 0.67%, to close Wednesday at $10.39 on the Nasdaq stock exchange. Murphy Oil's shares have traded between $4.50 and $28.43 in the past year. Information for this article was contributed by John Magsam of the Arkansas Democrat-Gazette. A Section on 05/07/2020