Corporate Profile for Murphy Oil Corporation, dated June 2, 2000.

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Published Date:   June 2, 2000

Company Name:     Murphy Oil Corporation

Address:          200 Peach Street
                  P.O. Box 7000
                  El Dorado, AR  71730

Main Telephone
 Number:          870/862-6411

Internet Home
 Page Address
  (URL)           www.murphyoilcorp.com

Chief Executive
 Officer:         Claiborne P. Deming

Investor Relations
 Contact:         Kevin G. Fitzgerald
 Business number: 870-864-6272
 E-mail address:

Public Relations
 Contact:         Betty L. LeBrescu
 Business number: 870/864-6222

Industry:         Oil and Gas

Trading Symbol/
 Exchange:        NYSE:MUR

Company Description: Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom.

Murphy's upstream activities are centered in four of the world's premier, politically secure oil and natural gas regions: the Gulf of Mexico and onshore South Louisiana, off the east coast of Canada, western Canada and the United Kingdom. Significant achievements in 1999 included record hydrocarbon production levels, the acquisition of highly prospective exploration acreage off the coasts of Nova Scotia and Malaysia and two important discoveries in the deepwater Gulf of Mexico. Murphy continued to lower its per-barrel production costs, and for the ninth consecutive year, proved reserves grew.

Murphy's refining and marketing operations include a 100,000 barrel-a-day refinery in Meraux, Louisiana, which produces refined petroleum products for distribution in the Gulf Coast market, and a 35,000 barrel-a-day refinery in Superior, Wisconsin which serves the Upper Midwest. Operations in the United Kingdom are centered on a 108,000 barrel-a-day refinery in Milford Haven, Wales in which Murphy has an effective 30% interest. Murphy also purchases, transports and resells crude oil in Canada.

Anchoring Murphy's marketing program is its collaboration with Wal-Mart in which, as of May 2000, they have constructed and are operating approximately 160 Murphy USA gasoline stations in Wal-Mart parking areas. With an expanded marketing area including seven states in the Upper Midwest and Oklahoma, along with the Southeastern market, the program is on track to construct 150 stations during 2000. These outlets, which combine high volume sales with low operating costs, give Murphy a unique and profitable niche in the U.S. marketplace.