The public is invited to access the Company’s conference call to discuss fourth quarter 2012 results on Thursday, January 31 at 12:00 p.m. CST either via the Internet through the Investor Relations section of Murphy Oil’s Web site at or via the telephone by dialing 1-888-503-8172. The telephone reservation number for the call is 6962469. Replays of the call will be available through the same address on Murphy Oil’s Web site, and a recording of the call will be available through February 4 by calling 1-888-203-1112 and referencing reservation number 6962469. Audio downloads will also be available on the Murphy Web site through March 1 and via Thomson StreetEvents for their service subscribers.

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future events or results, including Murphy’s plans to separate its U.S. downstream business and to divest its U.K. downstream and U.K. upstream operations, are subject to inherent risks and uncertainties. Factors that could cause one or more of these forecasted events not to occur include, but are not limited to, a failure to obtain necessary regulatory approvals, a failure to obtain assurances of anticipated tax treatment, a deterioration in the business or prospects of Murphy or its U.S. downstream business, adverse developments in Murphy or its U.S. downstream operation’s markets, adverse developments in the U.S. or global capital markets, credit markets or economies generally or a failure to execute a sale of the U.K. downstream or U.K. upstream operations on acceptable terms or in the timeframe contemplated. Factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements include, but are not limited to, the volatility and level of crude oil and natural gas prices, the level and success rate of our exploration programs, our ability to maintain production rates and replace reserves, customer demand for our products, adverse foreign exchange movements, political and regulatory instability, and uncontrollable natural hazards. For further discussion of risk factors, see Murphy’s 2011 Annual Report on Form 10-K and the September 30, 2012 Quarterly Report on Form 10-Q on file with the U.S. Securities and Exchange Commission. Murphy undertakes no duty to publicly update or revise any forward-looking statements.






Revenues $ 7,389,228,000 6,794,033,000
Income (loss) from continuing operations $ 162,391,000 (117,953,000 )
Net income (loss) $ 158,687,000 (113,928,000 )

Income (loss) from continuing operations per Common share
Basic $ 0.84 (0.61 )
Diluted 0.84 (0.61 )
Net income (loss) per Common share
Basic $ 0.82 (0.59 )
Diluted 0.82 (0.59 )
Average shares outstanding
Basic 193,451,849 193,604,685
Diluted 194,402,979 194,485,708

Revenues $ 28,626,046,000 27,638,121,000
Income from continuing operations $ 964,046,000 729,471,000
Net income $ 970,876,000 872,702,000

Income from continuing operations per Common share
Basic $ 4.97 3.77
Diluted 4.95 3.75
Net income per Common share
Basic $ 5.01 4.51
Diluted 4.99 4.49
Average shares outstanding
Basic 193,902,335 193,409,621
Diluted 194,668,737 194,512,402
*Reclassified to conform to current presentation.

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