Murphy Oil USA, Inc. Announces Executive Team

  Murphy Oil USA, Inc. Announces Executive Team

Business Wire

EL DORADO, Ark. -- February 4, 2013

Murphy Oil USA, Inc. (“MOUSA”), a wholly owned subsidiary of Murphy Oil
Corporation (NYSE:MUR), announced today the members of its executive team in
preparation for the spin-off of the U.S. Retail business later this year.

John Rudolfs, currently Executive Vice President Marketing MOUSA, will lead
our marketing operations including fuel, merchandise, and asset development.

Mindy West, currently Vice President and Treasurer Murphy Oil Corporation,
will be ultimately responsible for Murphy Oil USA, Inc. finance and accounting
functions.

Jeff Goodwin, currently Senior Vice President Field Operations MOUSA, will be
responsible for all field operations.

Marn Cheng, currently Senior Vice President Field Operations MOUSA, will be
responsible for retail operations support.

Steve Hunkus, currently Senior Vice President Worldwide Refining & Renewable
Energy MOUSA, will be responsible for ethanol manufacturing operations and
terminal operations.

John Moore, currently Manager Law and Corporate Secretary Murphy Oil
Corporation, will ultimately have responsibility for the legal, insurance, and
human resources functions.

Andrew Clyde, President and Chief Executive Officer of Murphy Oil USA, Inc.,
said in a statement, “Establishing this leadership team is a major step in
preparing Murphy USA to become a successful stand-alone company. I look
forward to working with this talented and capable team to ensure Murphy USA’s
future growth and success.”

Rudolfs, Goodwin, Cheng and Hunkus will report to Andrew Clyde, effective
immediately with West and Moore assuming their new roles concurrent with the
spin.

This press release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. These statements, which
express management’s current views concerning future events or results,
including Murphy’s plans to separate its U.S. downstream business, are subject
to inherent risks and uncertainties. Factors that could cause one or more of
the events forecasted in this press release not to occur include, but are not
limited to, a failure to obtain necessary regulatory approvals, a failure to
obtain assurances of anticipated tax treatment, a deterioration in the
business or prospects of Murphy or Murphy Oil USA, Inc., adverse developments
in Murphy or Murphy Oil USA, Inc.’s markets or adverse developments in the
U.S. or global capital markets, credit markets or economies generally. For
further discussion of risk factors, see Murphy’s 2011 Annual Report on Form
10-K and the September 30, 2012 Quarterly Report on Form 10-Q on file with the
U.S. Securities and Exchange Commission. Murphy undertakes no duty to publicly
update or revise any forward-looking statements.

Contact:

Murphy Oil USA, Inc.
Barry Jeffery, 870-864-6501