UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM
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CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Election of Independent Director
On October 2, 2024, Murphy Oil Corporation (the “Company”) announced that the Board of Directors (the “Board”) has elected Robert B. Tudor, III, as an independent director to the Board, effective as of October 2, 2024.
Mr. Tudor will receive compensation as a non-employee director in accordance with the Company’s non-employee director compensation described in the Company’s proxy statement for the annual meeting in 2024 filed with the Securities and Exchange Commission on March 21, 2024.
| Item 7.01. | Regulation FD Disclosure. |
A copy of the Company’s press release announcing the election of Mr. Tudor as an independent director to the Board is attached hereto as Exhibit 99.1. The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| 99.1 | Press Release of Murphy Oil Corporation dated October 2, 2024. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: October 2, 2024 | MURPHY OIL CORPORATION | ||
| By: | /s/ Paul D. Vaughan | ||
| Name: | Paul D. Vaughan | ||
| Title: | Vice President and Controller | ||
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Exhibit 99.1
NEWS RELEASE
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MURPHY OIL CORPORATION ANNOUNCES THE ELECTION OF NEW DIRECTOR
HOUSTON, Texas, October 2, 2024 – Murphy Oil Corporation (NYSE: MUR) announced today the election of Robert B. Tudor, III, to the Company’s Board of Directors, effective October 2, 2024.
Mr. Tudor is the founder and CEO of Artemis Energy Partners, an investing and advisory platform focused on companies involved in the global energy markets. He is also a retired Founder and CEO of Tudor, Pickering, Holt & Co. Prior to forming TPH, Mr. Tudor was a Partner at Goldman Sachs and a leader of its worldwide energy practice.
Mr. Tudor is currently the Chairman of the Houston Energy Transition Initiative, which is a consortium of Houston’s leading energy companies working to shape the region’s Energy Transition Strategy. He also serves on the Board of Directors of Puloli, Inc., an early-stage methane detection and measurement company, New ASEAN Energy, a US-based company involved in the Petrochemicals industry in Asia, as well as P6 Technologies, Inc., a leading provider of product life cycle assessment software.
Mr. Tudor is the past Chair of the Greater Houston Partnership and of the Rice University Board of Trustees. He serves on the Board of Advisors for Rice University’s Baker Institute for Public Policy, the National Petroleum Council, the Jones School of Business at Rice, and the National Advisory Board for the Tulane Center for Energy Law. Mr. Tudor also serves on the Board of Directors of the Houston Symphony, Good Reason Houston, the MD Anderson Cancer Center Board of Visitors, and the Rice Management Company.
Mr. Tudor holds a bachelor’s degree in English and Legal Studies from Rice University, and a JD from Tulane Law School.
Claiborne Deming, Chairman of the Board of Directors of Murphy, said, "On behalf of our entire Board, I am pleased to add Bobby to our Board with his depth of professional experience and look forward to his contributions to our business."
ABOUT MURPHY OIL CORPORATION
As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.
Investor Contacts: InvestorRelations@murphyoilcorp.com Kelly Whitley, 281-675-9107 Megan Larson, 281-675-9470 Beth Heller, 832-506-6831 |