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Murphy Oil Declares Dividend

EL DORADO, AR - The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly dividend of $.375 a share on the Common Stock of Murphy Oil Corporation. The dividend is payable December 1, 2000 to holders of record November 10, 2000.

For More Information
     Barry Jeffery
Investor/ Media Relations
P.O. Box 7000
El Dorado, AR 71731-7000
(870) 864-6501

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