The departure of David Wood as Murphy Oil (MUR -0.4%) CEO took analysts by surprise. Wood was...

|About: Murphy Oil Corporation (MUR)|By:, SA News Editor

The departure of David Wood as Murphy Oil (MUR -0.4%) CEO took analysts by surprise. Wood was with the company for 17 years and hadn't signaled any plans to step down, Tudor Pickering Holt says; he gave no indication that he might be quitting during a May analyst meeting, Deutsche Bank says in suspecting "some kind of internal issue."