Murphy Oil Corp. in joining U.S. producers in cutting jobs at home and abroad as a prolonged collapse in crude prices crimps cash flows. The company is reducing jobs in every location as it trims spending and seeks savings, Kelly Whitley, a spokeswoman for El Dorado, Arkansas-based Murphy, said in an e-mail Friday. The company, which had about 1,300 employees at the end of last year, is “not prepared to quantify” the size of the cuts at this time, Murphy said. Canadian Broadcasting Corp. reported the layoffs on its website earlier. “Over the course of the past year and a half, Murphy has taken actions to lower costs in direct response to the negative impacts of low commodity prices,” Whitley said. “Head count has been lowered across all functions in every location to match our lower capital spend.” Energy producers from Anadarko Petroleum Corp. to Devon Energy Corp. to […]

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