Murphy Oil Corporation Announces Dividend

HOUSTON – (BUSINESS WIRE) – The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today approved a quarterly cash dividend on Murphy Oil Corporation common stock of $ 0.125 per share, or $ 0.50 per share on an annual basis. The dividend is payable on December 1, 2021 to the shareholders of record on November 15, 2021.

ABOUT MURPHY OIL CORPORATION

As an independent oil and gas exploration and production company, Murphy Oil Corporation believes in delivering energy that enables people to always do the right thing, stick with it, and think outside the box. Murphy questions the norm, leveraging his strong legacy, and using his foresight and financial discipline to deliver inspired energy solutions. The company sees a future where it is an industry leader, making a positive impact on life for the next 100 years and beyond. For more information, please visit the company’s website at www.murphyoilcorp.com.

FORWARDING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by the addition of the words “aim,” “anticipate,” “believe,” “drive”. , “Estimate”, “expect”, “expressed confidence”, “forecast”, “future”, “goal”, “guide”, “intend”, “can”, “goal”, “outlook”, “plan”, “Position”, “Potential”, “Project”, “Search”, “Should”, “Strategy”, “Goal”, “Become” or variations of such words and other similar expressions. These statements, which express management’s current views about future events or results, are subject to inherent risks and uncertainties. Among the factors that could cause one or more of these future events or results to not occur, as implied in a forward-looking statement, include, but are not limited to: macro conditions in the oil and gas industry, including supply / demand levels, actions by large oil exporters and the resulting impact on raw material prices; increased volatility or deterioration in the success rate of our exploration programs or our ability to maintain production rates and replace reserves; reduced customer demand for our products for environmental, regulatory, technological or other reasons; unfavorable exchange rate movements; political and regulatory instability in the markets in which we operate; the impact of health pandemics such as COVID-19 and related government responses on our business or market; other natural hazards that affect our business or our markets; any other deterioration in our business, markets or prospects; any failure to obtain required regulatory approvals; any inability to service or refinance our outstanding debt or gain access to debt markets at acceptable prices; or adverse developments in the US or global capital markets, credit markets, or economies in general. For further explanation of factors that could cause one or more of these future events or results to not occur, as implied in any forward-looking statement, please see “Risk Factors” in our most recent Annual Report on Form 10-K, which is filed under US Securities and the Exchange Commission (“SEC”) and any subsequent quarterly reports on Form 10-Q or current report on Form 8-K, which we file, available on the SEC website and the Murphy Oil Corporation website at ir.murphyoilcorp. com. Murphy Oil Corporation assumes no obligation to publicly update or revise any forward-looking statements.

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