Murphy shares drop after CEO’s departure

摘要

Houston—Murphy Oil’s share price droppedmore than 4% June 21 as Wall Street pon-dered the abrupt and unexpected resigna-tion of Murphy Oil CEO David Wood lateJune 20 after three-and-a-half years at thecompany’s helm.Murphy shares actually opened higherJune 21 than the $45.60/share close a dayearlier, but shares drifted down over thetrading day to close at $43.65/share, down$1.95.