United States securities and exchange commission logo

                               July 1, 2022

       David Looney
       Chief Financial Officer
       Murphy Oil Corporation
       9805 Katy Fwy, Suite G-200
       Houston, Texas 77024

                                                        Re: Murphy Oil
                                                            Form 10-K for
Fiscal Year Ended December 31, 2021
                                                            Response dated June
16, 2022
                                                            File No. 001-08590

       Dear Mr. Looney:

              We have reviewed your June 16, 2022 response to our comment
letter and have the
       following comments. In some of our comments, we may ask you to provide
us with information
       so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

               After reviewing your response to these comments, we may have
       comments. Unless we note otherwise, our references to prior comments are
to comments in our
       June 2, 2022 letter.

       Response Dated June 16. 2022

       Risk Factors, page 15

   1.                                                   We note your response
to prior comment 2. Consistent with our prior comment, please
                                                        provide disclosure that
addresses the material effects of transition risks related to climate
                                                        change in greater
detail. For example, provide additional information explaining the
                                                        impact to your business
model    from changing global demands for non-fossil fuel energy
                                                        sources" as referenced
on page 25 of your Form 10-K.

                                                        In addition, tell us
about other transition risks related to climate change you have
                                                        identified and explain
your disclosure considerations.
 David Looney
Murphy Oil Corporation
July 1, 2022
Page 2
2.    We note your response to prior comment 3. Please provide us with
additional information
      explaining how you determined disclosure addressing the risks associated
with the
      possibility of litigation related to climate change and its potential
impact is not necessary
      or revise to provide this type of disclosure.
Management's Discussion and Analysis of Financial Condition and Results of
Operations, page

3.    Prior comment 5 is reissued as it does not appear that your disclosure
discusses the
      indirect consequences of climate-related regulation or business trends
noted in our prior
      comment (i.e., anticipated reputational risks resulting from operations
or products that
      produce greenhouse gas emissions, increased competition to develop
innovative new
      products that result in lower emissions, and developments that create new
      for you). For example, it does not appear that your disclosure addresses
the effect
      of changes in sentiment for oil and gas exploration, development, and
      activities on parties such as investors and lenders.
4.    As your response to prior comment 7 does not appear to address each
element of our prior
      comment it is reissued in part. Please tell us about any weather-related
impacts on the
      availability of insurance.
       Please contact Michael Purcell at 202-551-5351 or Ethan Horowitz at
202-551-3311 with
any questions.

FirstName LastNameDavid Looney
                                                            Division of
Corporation Finance
Comapany NameMurphy Oil Corporation
                                                            Office of Energy &
July 1, 2022 Page 2
cc:       Joseph Hall
FirstName LastName