Murphy Oil

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Murphy Oil Corporation
Public
Traded as NYSEMUR
S&P 500 Component
Industry Oil and gas
Founded Louisiana, U.S.
Headquarters El Dorado, Arkansas, U.S.
Key people
Roger Jenkins, CEO & President
Products Petroleum
Natural gas
Revenue $5.4 billion USD (2015)
$0.9 billion USD (2015)
Number of employees
1,712 (2015)
Website murphyoilcorp.com
Murphy Oil Co., El Dorado, AR IMG 2604.JPG

Murphy Oil Corporation is an international oil and gas company that conducts business through various operating subsidiaries. Murphy Oil produces oil and natural gas in the United States, Canada, and Malaysia and conducts exploration activities worldwide. Murphy also has an interest in a Canadian synthetic oil operation. In 2013, the company spun off its retail marketing gasoline station chain, Murphy USA.[1] Murphy Oil Corporation is headquartered in El Dorado, Arkansas, and has over 1,700 employees worldwide.[2] The Company's common stock is traded on the New York Stock Exchange under the ticker symbol "MUR."

Major subsidiaries[edit]

Murphy Exploration & Production Company, through various operating subsidiaries and affiliates, is engaged in crude oil and natural gas production activities in the United States and Malaysia and explores for oil and natural gas worldwide. The subsidiary has its headquarters in Houston, Texas, and conducts business from offices in numerous locations around the world.

Murphy Oil Company, Ltd. is engaged in crude oil and natural gas exploration and production in Western Canada and offshore Eastern Canada as well as the sale of synthetic crude oil from oil sands. The subsidiary's office is located in Calgary, Alberta, and is operated as a component of the Company's worldwide exploration and production operation directed from Houston.

El Dorado Promise[edit]

In January 2007, Murphy announced that it would set aside $50 million to ensure that every student graduating from the local school system, in El Dorado, would be able to afford college. The scholarship, which requires that students spend a certain number of years in the El Dorado school system and maintain a 2.0 G.P.A. while in college, pays tuition and all mandatory fees for students, up to the highest annual rate currently charged by an Arkansas public university. Scholarship amounts are paid based on length of attendance in the El Dorado Public School District. For example, graduates who attend all 13 years at EPS will receive 100 percent of the scholarship.[3]

References[edit]

  1. ^ "MUR Completes Murphy USA Spin-Off". Zacks. Retrieved 27 February 2015. 
  2. ^ "Murphy Oil Corporation 2014 Annual Report". www.murphyoilcorp.com. Murphy Oil Corporation. Retrieved 21 May 2015. 
  3. ^ http://www.eldoradopromise.com/parents/faq.aspx

External links[edit]