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MURPHY OIL ANNOUNCES DIVIDEND AND EXTENSION OF SHARE REPURCHASE PROGRAM

MUR

EL DORADO, Arkansas, October 2, 2013 - The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.3125 per share, or $1.25 per share on an annualized basis.  The dividend is payable December 2, 2013 to holders of record November 15, 2013.

In October 2012, Murphy Oil's Board of Directors authorized a share repurchase program of up to $1 billion of the Company's Common stock.  To date, Murphy has repurchased slightly more than 8 million shares at a total cost of $500 million.  On October 2, 2013, the Company's Board extended the repurchase program expiration date to April 15, 2014.





This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Murphy Oil Corp via Thomson Reuters ONE

HUG#1733171


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