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