EL DORADO, Arkan.--(BUSINESS WIRE)--Jan. 5, 2007--Murphy Oil Corporation (NYSE:MUR) has scheduled its conference call at 12:00 p.m. Central Time on Thursday, February 1 to review fourth quarter 2006 earnings, which will be announced Wednesday afternoon, January 31. ACT Teleconferencing is handling arrangements for the call. Interested parties may participate by dialing 1-800-219-6110 and referencing reservation number 11080910. The call will also be broadcast live over the internet and can be accessed through the Investor Relations Section of the Murphy website (www.murphyoilcorp.com). All investors, analysts, media, employees and the general public are invited to participate.

Online replays of the call will be available through the Murphy website and a recording of the call will be available until 11:59 p.m. Central Time on Monday, February 5, by dialing 1-800-405-2236. Audio downloads will be available on the Murphy website through February 28, 2007 and via Thomson StreetEvents for their service subscribers.

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

    SOURCE: Murphy Oil Corporation