Murphy Oil CEO on medical leave over coronavirus concerns

Roger Jenkins; Image: Murphy Oil

President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has taken a temporary medical leave over coronavirus concerns.


Murphy Oil said on Wednesday that its president and CEO Roger W. Jenkins was on medical leave awaiting test results following a presumptive diagnosis of COVID-19.

The company said Jenkins is expected to completely recover.

In the interim, David R. Looney, the company’s executive vice president and chief financial officer (CFO), will temporarily assume the role of president and CEO.

The coronavirus outbreak has now taken a personal twist for Murphy Oil following previously announced measures to mitigate the impact of the outbreak on global oil demand through spending cuts.

Due to the current market conditions and recent commodity price volatility following the OPEC+ breakdown, the company revised its capital spending plans for 2020 and opted to cut spending by $500 million.


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply