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Murphy Oil Sells $500 Million of 10-Year Notes with a Coupon of 4.00%

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Murphy Oil Corporation (NYSE: MUR) announced today that it closed on the sale of $500 million of 4.00% coupon notes which will mature on June 1, 2022. Interest is payable semi-annually on June 1 and December 1, commencing December 1, 2012. Proceeds of the issue are expected to be used to repay outstanding indebtedness under existing credit facilities and for general corporate purposes.

J.P. Morgan Securities LLC and Wells Fargo Securities, LLC were Joint Book-Running Managers. Merrill Lynch, Pierce, Fenner & Smith Incorporated and DNB Markets, Inc. were Senior Co-Managers. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mitsubishi UFJ Securities (USA), Inc., Morgan Keegan & Company, Inc., RBC Capital Markets, LLC, U.S. Bancorp Investments, Inc., Scotia Capital (USA) Inc., Capital One Southcoast, Inc., Comerica Securities, Inc. and Fifth Third Securities, Inc. were Co-Managers.

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