Murphy Oil Corporation is an American energy company engaged in hydrocarbon exploration headquartered in Houston, Texas.
[2] In the United States, the company's reserves are primarily in the Eagle Ford Group area of South Texas and in the deepwater Gulf of Mexico.
[2] Murphy’s East Coast Canada assets are located offshore Newfoundland in two producing oil fields in the Jeanne d’Arc Basin.
[12] In August 2013, the company distributed 100% of the shares in its retail marketing gasoline station chain, Murphy USA, to its shareholders via a corporate spin-off.
[13][14] In 2016, the company sold its 5% stake in Syncrude Canada Ltd., a joint venture located about 25 miles north of Fort McMurray, Alberta, for C$937 million.
[20] In January 2007, Murphy announced that it would set aside $50 million to ensure that every student graduating from the El Dorado, Arkansas, school system would be able to afford college.
A class-action lawsuit against Murphy Oil ended in a settlement in 2009; the company was required to pay $330 million to 6,200 claimants, including owners of about 1,800 affected residential properties in St. Bernard Parish, Louisiana.
[23][24][25] In 2007, following a benzene leak in Louisiana, Murphy Oil was fined $395,313 in civil penalties plus $1.5 million for cleanup costs by the US EPA.