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Murphy Oil Declares Dividend

EL DORADO, Ark., Apr 3, 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 June 1, 2002 to holders of record May 8, 2002.

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

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