SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                 SCHEDULE 13G

                   Under the Securities Exchange Act of 1934

                              (Amendment No. 15)

                            MURPHY OIL CORPORATION
                            ----------------------
                               (Name of Issuer)

                         Common Stock, $1.00 Par Value
                         -----------------------------
                        (Title of Class of Securities)

                                  626717 10 2
                                --------------
                                (CUSIP Number)


Check the following box if a fee is being paid with this statement [_]
 
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 1)   NAMES OF REPORTING PERSONS                            C.H. Murphy, Jr. 
      S.S. OR I.R.S IDENTIFICATION
      NOS. OF ABOVE PERSONS                                 ###-##-####   
- ------------------------------------------------------------------------------
 2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) [_]
      (SEE INSTRUCTIONS)                                        (b) [X]
                                                 
- ------------------------------------------------------------------------------
 3)   SEC USE ONLY
 
 
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 4)   CITIZENSHIP OR PLACE OF ORGANIZATION
      
                                                      United States Citizen
- ------------------------------------------------------------------------------
     NUMBER OF      (5)   SOLE VOTING POWER 
                          
      SHARES                                          1,188,361
                   -----------------------------------------------------------
   BENEFICIALLY     (6)   SHARED VOTING POWER                                 
                                                                               
     OWNED BY                                         2,697,312                
                   ----------------------------------------------------------- 
       EACH         (7)   SOLE DISPOSITIVE POWER                               
                                                                              
    REPORTING                                         1,188,361                
                   ----------------------------------------------------------- 
      PERSON        (8)   SHARED DISPOSITIVE POWER                             
                                                                               
       WITH                                           2,697,312                
- ------------------------------------------------------------------------------
 9)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      
                                                      1,188,361
- ------------------------------------------------------------------------------
10)   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
      (SEE INSTRUCTIONS)              
 
- ------------------------------------------------------------------------------
11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    
                                                      3.0% 
- ------------------------------------------------------------------------------
12)   TYPE OF REPORTING PERSON
      (SEE INSTRUCTIONS)
                                                      IN
- ------------------------------------------------------------------------------


 
     The undersigned hereby amends its Statement on Schedule 13G, originally 
sent on February 14, 1980, as follows:

Item 4.   Ownership
- -------   ---------

               The number that is stated in 4(a), 4(c)(i), and 4(c)(iii) of the 
     original Statement is hereby amended to read 1,188,361.

Item 8.   Identification and Classification of Members of the Group
- -------   ---------------------------------------------------------

               The number that is stated in the fourth line of the original 
     Statement is hereby amended to read 11,323,995. The percentage that is
     stated in the fifth line of the original Statement is hereby amended to
     read 25.

                                   SIGNATURE

     After reasonable inquiry to the best of my knowledge and belief, I certify 
that the information set forth in this Statement is true, complete and correct.


                                          /s/ C.H. Murphy, Jr.
                                          --------------------
                                              C.H. Murphy, Jr.

Dated: February 6, 1995