10 Best Oil and Gas Stocks to Buy for the Next Decade 

7. Murphy Oil Corporation (NYSE:MUR)

Number of Hedge Fund Holders: 32

Murphy Oil Corporation (NYSE:MUR) is one of the best oil and gas stocks to buy for the next decade. Murphy Oil Corporation (NYSE:MUR) announced on June 22 an oil discovery at the Bubale-1X exploration well in Block CI-709, which is located approximately 40 miles offshore Côte d’Ivoire. The company reported that the Bubale-1X well was drilled to a total depth of 20,548 feet (6,263 meters) in 7,795 feet (2,376 meters) of water, and encountered 100 feet (30 meters) of net oil pay across two reservoirs. It added that the preliminary assessment indicated high-quality light oil. Eric Hambly, President and Chief Executive Officer, stated that the early results at Bubale “reinforce the prospectivity of our Côte d’Ivoire acreage”, adding that the company’s immediate focus now is to advance the “evaluation plans to define the discovery’s full potential”.

Murphy Oil Corporation (NYSE:MUR) further reported that the Bubale-1X well is the third and final well in the company’s current three-well exploration campaign in Côte d’Ivoire, and after these results, it would move into the next phase of evaluation, with one well planned for the second half of 2026 to test the extent of the discovery.

Murphy Oil Corporation (NYSE:MUR) is involved in the exploration and production of oil and natural gas. The company’s operations are divided into the Exploration and Production, and Corporate and Other segments.