MUR Buyback

Murphy Oil Corporation Buyback

OLI recorded this information on 5/20/2015

Company:

Murphy Oil Corporation

Buyback:

MUR buyback

$Amount Announced Repurchased:

$200,000,000

Buyback Details:

Murphy Oil Corporation (NYSE:MUR) ("the Company") announced today that it has entered into a variable term, capped accelerated share repurchase transaction (the "ASR") with Wells Fargo Bank, National Association, to repurchase an aggregate of $250 million of the Company's common stock. The ASR is part of the board authorized program announced on August 6, 2014, to repurchase up to $500 million of the Company's stock. The total aggregate number of shares of Company common stock to be repurchased pursuant to the ASR will be determined by reference to the Rule 10b-18 volume-weighted price of the Company's common stock, less a fixed discount, over the term of the ASR, subject to a minimum number of shares. The ASR is expected to be completed no later than approximately three months following execution. All shares of the Company's common stock delivered under the ASR will be immediately retired or converted to treasury shares.

Murphy Oil is a holding company. Through its subsidiaries, Co. is a global oil and natural gas exploration and production company. Co. produces crude oil, natural gas and natural gas liquids primarily in the U.S. and Canada and explores for crude oil, natural gas and natural gas liquids in targeted areas worldwide. Co.'s principal exploration and production activities are conducted in the U.S. by wholly-owned Murphy Exploration & Production Company – USA and its subsidiaries, in Canada by wholly-owned Murphy Oil Company Ltd. and its subsidiaries, and in Australia, Brazil, Brunei, Mexico and Vietnam by wholly-owned Murphy Exploration & Production Company – International and its subsidiaries.

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MUR — Key Stats (updated Fri., Apr. 26, 10:31 AM)

Company Name:	Murphy Oil Corp
Stock buyback:	MUR buyback
Website:	www.murphyoilcorp.com
Sector:	Oil & Gas Exploration & Production
Number of ETFs Holding MUR:	66
Total Market Value Held by ETFs:	$1.47B
Total Market Capitalization:	$7.06B
% of Market Cap. Held by ETFs:	20.83%

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Murphy Oil Corporation Buyback

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