Murphy Oil Announces Executive Management Appointment and Election of New Directors

  Murphy Oil Announces Executive Management Appointment and Election of New

Business Wire

EL DORADO, Ark. -- August 7, 2013

Murphy Oil Corporation (NYSE:MUR) (“Murphy”) announced today that the Board of
Directors, consistent with the previous announcement on May 6, 2013, has named
Roger Jenkins to the position of President and Chief Executive Officer,
effective August 30, 2013. Jenkins will succeed StevenA.Cossé who is
stepping down effective the same date. Mr. Jenkins has also been elected to
the Board of Directors and the Executive Committee effective August30, 2013.
Mr. Cossé will remain a member of both the Board of Directors and the
Executive Committee.

Murphy also announced the election of T. Jay Collins toMurphy’s Board of
Directors effective August 7, 2013.

Mr. Collins currently serves as a director on the board of Oceaneering
International, Inc. (“Oceaneering”), a global oilfield provider of engineered
services and products primarily to the offshore oil and gas industry, where he
retired as President and Chief Executive Officer in May 2011. He joined
Oceaneering in October 1993, initially serving as Senior Vice President and
Chief Financial Officer. In May 1995, he was appointed Executive Vice
President of Oilfield Marine Services; in November 1998, he was appointed
President and Chief Operating Officer; in March 2002, he was elected to the
Board of Directors; and in May 2006 was appointed Chief Executive Officer.

Mr. Collins received his MBA from Harvard Graduate School of Business in 1972
and both his Bachelor of Arts degree and Masters of Engineering degree in
Chemical Engineering from Rice University in 1969. Mr. Collins continues his
affiliation with Rice University as a member of the Rice Board of Trustees and
as Chairman of the Council of Overseers of the Jones Graduate School of
Business Administration.

Mr. Collins is a former chairman of the board of directors for National Ocean
Industries Association. In addition to Oceaneering, he currently serves on the
boards of the Nautronix Group Limited, Pason Systems Inc., the Texas Institute
of Science, Inc., and the American Productivity & Quality Center. He is also a
member of the National Petroleum Council.

Claiborne Deming, Chairman of the Board of Directors of Murphy, said, “We owe
a debt of gratitude to Steve for his leadership over the last year as we
transitioned both our upstream and downstream businesses. The Board looks
forward to working with Roger as he leads us into a new phase as an
independent exploration and production company.” Deming added, “I am pleased
to add Jay to our Board with his depth of professional experience and look
forward to his contributions to our business.”


Murphy Oil Corporation
Barry Jeffery, 870-864-6501
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