HOUSTON (AP) _ Murphy Oil Corp. (MUR) on Thursday reported fourth-quarter earnings of $199.4 million.

On a per-share basis, the Houston-based company said it had net income of $1.26. Earnings, adjusted for non-recurring gains, came to $1.10 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

The oil and gas producer posted revenue of $975.2 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $813 million.

For the year, the company reported net income of $965 million, or $6.13 per share, swinging to a profit in the period. Revenue was reported as $3.93 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MUR at https://www.zacks.com/ap/MUR

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