EL DORADO, Ark., Feb 6, 2002 (BUSINESS WIRE) -- 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 March 1, 2002 to holders of record February 15, 2002.

CONTACT:          Murphy Oil Corporation, El Dorado
                  Investor Relations: Mindy West, 870/864-6315
                  or
                  Public Relations: Betty LeBrescu, 870/864-6222

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