Murphy Oil Corporation Presents at UBS Global Oil and Gas Conference, May-21-2013 11:55 AM. Venue: Four Seasons Hotel, 98 San Jacinto Blvd., Austin, Texas, United States. Speakers: Roger W. Jenkins, Chief Operating Officer, Executive Vice President and President of Murphy Exploration & Production Company.

Murphy Oil Corporation announced that its President and Chief Executive Officer, Steve Cossé, has informed its Board of Directors that he intends to step down from that position following the completion of the previously announced plan to spin off to its stockholders its U.S. downstream operations into an independent and separately traded company. Murphy will continue in the exploration and production business following the spin-off, which is expected to be completed in the second half of 2013. The Board of Directors announced that it plans for Roger Jenkins to succeed Mr. Cossé as the company's President and Chief Executive Officer. Mr. Jenkins is currently Murphy's Executive Vice President and Chief Operating Officer. Mr. Jenkins joined Murphy in 2001. He was named Executive Vice President, Exploration & Production in 2009 and has played a critical leadership role in Murphy's worldwide exploration and production operations, including the development of the Kikeh field in Malaysia and the Eagle Ford Shale in South Texas. Prior to joining Murphy, Mr. Jenkins spent 17 years with a major oil company. Steve Cossé was appointed President and Chief Executive Officer on June 20, 2012. He was elected to Murphy's Board of Directors on August 3, 2011, following his retirement from the management of Murphy on March 1, 2011 after over 40 years of service. He will continue to serve as a member of Murphy's Board of Directors after stepping down as President and Chief Executive Officer.

Murphy Oil Corporation (NYSE:MUR) said that it does not intend to sell its 5% stake in Syncrude Canada Ltd. An unidentified executive said, “Those are two really, really great assets. (If) we didn't have them, certainly we would be out trying to buy them. If we were to receive a compelling offer, and I think I'd know what a compelling offer was if we saw it, and barring that and some of the strategic need for the proceeds. We really don't see it, a (sale) process, being started”. Shares of Murphy dropped down 40 cents to $60.4 in afternoon trading on the New York Stock Exchange on May 2, 2013.