2007 News Releases

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12/03/07Murphy Oil Completes Acquisition of Remaining Interest in Milford Haven, Wales Refinery
EL DORADO, Ark.--(BUSINESS WIRE)--Dec. 3, 2007--Murphy Oil Corporation (NYSE:MUR) announced today that its wholly-owned subsidiary, Murco Petroleum Limited (Company), has completed the previously announced purchase of the remaining 70% interest in the Milford Haven, Wales refinery from TOTAL. Effective December 1, the Company is now the sole owner and operator of the 108,000 barrel per day refinery. CONTACT: Murphy Oil Corporation Investor/Media Relations: ... 
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11/26/07Murphy Oil Announces New Acreage in Australia
EL DORADO, Ark.--(BUSINESS WIRE)--Nov. 26, 2007--Murphy Oil Corporation (NYSE:MUR) announced today that its wholly-owned subsidiary, Murphy Australia Oil PTY LTD, has finalized an agreement to acquire a 40% interest and become operator of the AC/P36 exploration permit in the Browse Basin offshore Northwestern Australia from Finder Exploration PTY LTD, a private company. The AC/P36 permit covers approximately one million acres and lies in water depths of 1,200 to 1,600 feet. The permit... 
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10/24/07Murphy Oil Announces Preliminary Quarterly Earnings
EL DORADO, Ark.--(BUSINESS WIRE)--Oct. 24, 2007--Murphy Oil Corporation (NYSE: MUR) announced today that net income in the third quarter of 2007 was $199.5 million, $1.04 per diluted share, compared to net income of $224.1 million, $1.18 per diluted share, in the third quarter of 2006. Income declined in 2007 compared to 2006 primarily due to lower earnings in the Company's refining and marketing operations, partially offset by higher earnings in the exploration and production business. ... 
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10/03/07Murphy Oil Declares Dividend
EL DORADO, Ark., Oct 03, 2007 (BUSINESS WIRE) -- The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly dividend on the Common Stock of Murphy Oil Corporation of $.1875 per share, or $.75 per share on an annualized basis. The dividend is payable December 3, 2007 to holders of record November 12, 2007. SOURCE: Murphy Oil Corporation Murphy Oil Corporation Investor/Media Relations: Mindy West, 870-864-6315 ... 
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10/02/07Murphy Oil Schedules Earnings Conference Call
EL DORADO, Ark.--(BUSINESS WIRE)--Oct. 2, 2007--Murphy Oil Corporation (NYSE:MUR) has scheduled its conference call at 12:00 p.m. Central Time on Thursday, October 25 to review third quarter 2007 earnings, which will be announced Wednesday afternoon, October 24. ACT Teleconferencing is handling arrangements for the call. Interested parties may participate by dialing 1-800-218-8862 and referencing reservation number 11098897. The call will also be broadcast live over the internet and c... 
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08/30/07Murphy Oil Announces Agreement to Purchase Remaining Interest in Milford Haven, Wales Refinery
EL DORADO, Arkansas--(BUSINESS WIRE)--Aug. 30, 2007--Murphy Oil Corporation (NYSE:MUR) announced today that its wholly owned subsidiary, Murco Petroleum Limited (Company), has agreed terms with TOTAL to purchase their 70% interest in the Milford Haven, Wales refinery for $250 million. Prior to the transaction, the Company owned an effective 30% interest in the 108,000 barrel per day refinery located in Pembrokeshire in Southwest Wales. The transaction is expected to be completed... 
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08/21/07Murphy Oil Announces First Oil Production from Deepwater Kikeh Field
EL DORADO, Ark.--(BUSINESS WIRE)--Aug. 21, 2007--Murphy Oil Corporation (NYSE:MUR) announced today that it has commenced first oil production from the Kikeh Field, offshore deepwater Sabah, Malaysia. The Kikeh Field is located 110 kilometers offshore in 4,400 feet of water and is the first deepwater oil production in Malaysia. Kikeh is developed as a stand-alone facility with oil being produced from both subsea and dry tree wells on board a SPAR facility. The oil is processed, s... 
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08/01/07Murphy Oil Announces Dividend Increase
EL DORADO, Ark.--(BUSINESS WIRE)--Aug. 1, 2007--The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly dividend on the Common Stock of Murphy Oil Corporation of $.1875 per share, or $.75 per share on an annualized basis. The previous annualized dividend level was $.60 per share. The dividend is payable September 3, 2007 to holders of record August 15, 2007. In commenting on the 25% dividend increase, Claiborne P. Deming, President and Chief Execu... 
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07/25/07Murphy Oil Announces Preliminary Quarterly Earnings
EL DORADO, Ark.--(BUSINESS WIRE)--July 25, 2007--Murphy Oil Corporation (NYSE: MUR) announced today that net income in the second quarter of 2007 was $250.3 million ($1.32 per diluted share) compared to net income of $216.2 million ($1.14 per diluted share) in the second quarter of 2006. Net income in the second quarter 2007 included after-tax costs of $24.0 million ($0.13 per diluted share) for closure of 55 retail gasoline stations in the U.S. and Canada. Both periods included non-cash ... 
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06/25/07Murphy Oil Schedules Earnings Conference Call
EL DORADO, Ark.--(BUSINESS WIRE)--June 25, 2007--Murphy Oil Corporation (NYSE:MUR) has scheduled its conference call at 12:00 p.m. Central Time on Thursday, July 26 to review second quarter 2007 earnings, which will be announced Wednesday afternoon, July 25. ACT Teleconferencing is handling arrangements for the call. Interested parties may participate by dialing 1-800-240-4186 and referencing reservation number 11092667. The call will also be broadcast live over the internet and can b... 
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06/11/07Murphy Oil Corporation Announces Acquisition of Canadian Properties
EL DORADO, Ark.--(BUSINESS WIRE)--June 11, 2007--Murphy Oil Corporation (NYSE: MUR) announced today that its wholly-owned subsidiary, Murphy Oil Company Ltd., has acquired the interests of Bear Ridge Resources Ltd. in the Tupper area, an undeveloped Montney natural gas play in British Columbia, for consideration of C$155 million. Claiborne P. Deming, Murphy Oil Corporation President and Chief Executive Officer stated, "Murphy will operate this property with a high working inter... 
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06/08/07Murphy Oil Signs Production Sharing Contract for Acreage Offshore Republic of Suriname
EL DORADO, Ark.--(BUSINESS WIRE)--June 8, 2007--Murphy Oil Corporation (NYSE: MUR) announced today that its wholly owned subsidiary, Murphy Suriname Oil Company Ltd., has signed a production sharing contract (PSC) for Block 37 offshore Republic of Suriname in South America. Block 37 covers an area of approximately 2.1 million acres and lies in water depths of 160 to 1,000 feet. The PSC covers an initial six-year exploration phase and includes commitments to drill two wells and acquire... 
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05/09/07Murphy Oil Holds Annual Shareholders' Meeting
EL DORADO, Ark.--(BUSINESS WIRE)--May 9, 2007--Murphy Oil Corporation (NYSE:MUR) held its annual shareholders' meeting in El Dorado, Arkansas, with Chairman William C. Nolan Jr. presiding. At this meeting, Claiborne P. Deming, President and Chief Executive Officer, presented a review of the Company's operations, followed by a period of questions from those in attendance. During the meeting, shareholders elected all nominated directors; approved the 2007 Long-Term Incentive Plan, the 2... 
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05/03/07Murphy Oil Announces Acquisition of Property for Murphy USA Gasoline Stations
EL DORADO, Ark.--(BUSINESS WIRE)--May 3, 2007--Murphy Oil Corporation (NYSE:MUR) announced today that its wholly owned subsidiary, Murphy Oil USA, Inc. (Company), has entered into an Agreement with Wal-Mart Stores, Inc. and subsidiaries to purchase parcels of property which the Company currently leases from Wal-Mart for its Murphy USA(R) retail gasoline stations. Murphy USA's retail presence currently covers twenty-one states primarily in the Southeast and upper Midwest. As a re... 
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04/25/07Murphy Oil Announces Preliminary First Quarter 2007 Earnings
EL DORADO, Ark.--(BUSINESS WIRE)--April 25, 2007--Murphy Oil Corporation (NYSE: MUR) announced today that net income in the first quarter of 2007 was $110.6 million ($0.58 per diluted share), compared to adjusted net income of $116.0 million ($0.61 per diluted share) in the first quarter of 2006. In 2007, increased income from the Company's refining and marketing operations was offset by lower income in exploration and production operations. The improvement in refining and marketing resul... 
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04/11/07Murphy Oil Provides Updated First Quarter Earnings Guidance
EL DORADO, Ark.--(BUSINESS WIRE)--April 11, 2007--Murphy Oil Corporation (NYSE:MUR) expects income for the first quarter of 2007 to be between $.60 and $.65 per diluted share. Production and sales volumes during the quarter are now estimated to average 94,000 barrels of oil equivalent per day. Dry hole charges for the quarter are estimated to be between $5 million and $19 million. Total worldwide exploration expense, including dry hole charges, should be between $41 million and $55 mi... 
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04/09/07Murphy Oil Schedules Earnings Conference Call
EL DORADO, Ark., Apr 09, 2007 (BUSINESS WIRE) -- Murphy Oil Corporation (NYSE:MUR) has scheduled its conference call at 12:00 p.m. Central Time on Thursday, April 26 to review first quarter 2007 earnings, which will be announced Wednesday afternoon, April 25. ACT Teleconferencing is handling arrangements for the call. Interested parties may participate by dialing 1-800-219-6110 and referencing reservation number 11087949. The call will also be broadcast live over the internet and can be ac... 
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04/04/07Murphy Oil Declares Dividend
EL DORADO, Ark.--(BUSINESS WIRE)--April 4, 2007--The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly dividend of $.15 per share on the Common Stock of Murphy Oil Corporation. The dividend is payable June 1, 2007 to holders of record May 11, 2007. CONTACT: Murphy Oil Corporation Investor/Media Relations: Mindy West, 870/864-6315 SOURCE: Murphy Oil Corporation ... 
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02/26/07Murphy Oil Announces Signing of Two Natural Gas Sales Agreements in Malaysia
EL DORADO, Ark.--(BUSINESS WIRE)--Feb. 26, 2007--Murphy Oil Corporation (NYSE:MUR) announced today that two of its wholly owned subsidiaries have, together with partner PETRONAS Carigali Sdn. Bhd., signed two separate Gas Sales Agreements (GSA), one to supply the existing PETRONAS Bintulu LNG facility and one to supply a PETRONAS-owned methanol plant, onshore Labuan. Murphy and PETRONAS Carigali will initially supply the Bintulu LNG facility 250 million cubic feet of gas per day... 
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02/07/07Murphy Oil Declares Dividend
EL DORADO, Ark.--(BUSINESS WIRE)--Feb. 7, 2007--The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly dividend of $.15 per share on the Common Stock of Murphy Oil Corporation. The dividend is payable March 1, 2007 to holders of record February 13, 2007. CONTACT: Murphy Oil Corporation, El Dorado Investor/Media Relations: Mindy West, 870-864-6315 SOURCE: Murphy Oil Corporation ... 
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01/31/07Murphy Oil Announces Quarterly and Annual Earnings
EL DORADO, Ark.--(BUSINESS WIRE)--Jan. 31, 2007--Murphy Oil Corporation (NYSE: MUR) announced today that net income in the fourth quarter of 2006 was $87.6 million, $0.46 per diluted share, compared to net income of $154.6 million, $0.82 per diluted share, in the fourth quarter of 2005. For the year of 2006, net income totaled $638.3 million, $3.37 per diluted share, compared to $846.5 million, $4.51 per diluted share, for 2005. The 2005 period included a $104.5 million after-tax gain... 
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01/29/07Murphy Oil Announces Natural Gas Discovery Offshore Deepwater Sabah Malaysia
EL DORADO, Ark., Jan 29, 2007 (BUSINESS WIRE) -- Murphy Oil Corporation (NYSE:MUR) announced that its Rotan #1 exploration well encountered significant natural gas pay in a single zone. The well reached a total depth of 7,024 feet and was drilled in 3,773 feet of water in Block H offshore Sabah, Malaysia. "The results from Rotan #1 are very positive for this new play in Block H, and provide a strong beginning for us in 2007," said Claiborne P. Deming, Murphy Oil Corporation President and C... 
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01/11/07Murphy Oil Provides Fourth Quarter Earnings Guidance and Reports Malaysian Well Results
EL DORADO, Ark.--(BUSINESS WIRE)--Jan. 11, 2007--Murphy Oil Corporation (NYSE:MUR) expects income for the fourth quarter of 2006 to be between $.40 and $.45 per diluted share. Production during the quarter is estimated to average 92,000 barrels of oil equivalent (BOE) per day with sales volumes averaging 93,000 BOE per day. Dry hole charges for the quarter are now estimated to be $70 million including a charge of $22 million for the unsuccessful well at the Batu Kapur prospect o... 
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01/05/07Murphy Oil Schedules Earnings Conference Call
EL DORADO, Arkan.--(BUSINESS WIRE)--Jan. 5, 2007--Murphy Oil Corporation (NYSE:MUR) has scheduled its conference call at 12:00 p.m. Central Time on Thursday, February 1 to review fourth quarter 2006 earnings, which will be announced Wednesday afternoon, January 31. ACT Teleconferencing is handling arrangements for the call. Interested parties may participate by dialing 1-800-219-6110 and referencing reservation number 11080910. The call will also be broadcast live over the internet an... 
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