Murphy Oil Declares Dividend

April 5, 2006

EL DORADO, Ark.--(BUSINESS WIRE)--April 5, 2006--The Board of Directors of Murphy Oil Corporation (NYSE:MUR) today declared a quarterly dividend of $.1125 per share on the Common Stock of Murphy Oil Corporation. The dividend is payable June 1, 2006 to holders of record May 12, 2006.

    CONTACT: Murphy Oil Corporation, El Dorado
             Investor/Media Relations: Mindy West, 870-864-6315

    SOURCE: Murphy Oil Corporation