MURPHY OIL CORPORATION
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Murphy Oil Corporation operates as a holding company that engages in the exploration, production, refining, and marketing of oil and gas worldwide. Its activities are segregated into Exploration and Production, and Refining and Marketing divisions. The Exploration and Production division explores for and produces crude oil, natural gas, and natural gas liquids worldwide. The Refining and Marketing division primarily consists of operations that refine crude oil and other feedstocks into petroleum products, such as gasoline and distillates; buy and sell crude oil and refined products; and transport and market petroleum products. The company has an interest in a Canadian synthetic oil operation, owns two petroleum refineries in the United States, and has an interest in a refinery in the United Kingdom. As of December 31, 2004, Murphy Oil owned 661 gross and 328 net oil-producing wells, and 202 gross and 88 net gas producing wells. The company markets petroleum products under various brand names and to unbranded wholesale customers in North America and the United Kingdom. Murphy Oil was incorporated in 1950 as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964. The company is based El Dorado, Arkansas.