Murphy Oil Elects New Chairman

Murphy Oil Corporation

announced today that Claiborne P. Deming has been elected Chairman of the Board of Directors, effective May 1, 2012. Deming succeeds William C. Nolan, Jr. who is retiring as chairman but will remain on the Board. Deming, a Director since 1993, served the Company as President and Chief Executive Officer from October 1, 1994 to December 31, 2008 and has chaired the Executive Committee of the Board of Directors since January 2009.