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   <TITLE>S-8</TITLE>
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    <td align="center"><strong><font size=2 face="serif">As filed with the Securities
          and Exchange Commission on <B><FONT size=2 face="serif">October 13,
          2004</FONT></B></font></strong></td>
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    <td align="right"> <strong><font size=2 face="serif">Registration No. 333-_____</font></strong></td>
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<strong><FONT size=4 face="serif">SECURITIES AND EXCHANGE COMMISSION</FONT></strong>
<br>
<font size="4"><strong><FONT face="serif">Washington, D.C. 20549</FONT></strong></font>
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<hr align=center width=15% size=1 noshade color="#000000">
<strong><FONT size=4 face="serif">FORM S-8</FONT>
<br>
</strong><FONT size=3 face="serif">REGISTRATION STATEMENT<br>
UNDER<br>
THE SECURITIES ACT OF 1933</FONT>
<br>
<hr align=center width=15% size=1 noshade color="#000000">
<strong><FONT size=4 face="serif">Murphy Oil Corporation</FONT></strong><br>
<font size="2"><FONT face="serif">(Exact Name of Registrant as Specified in Its
Charter)</FONT></font>
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      <TD width="33%">&nbsp;</TD>
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      <TD width="33%"><strong><B><FONT size=2 face="serif">Delaware</FONT></B></strong></TD>
      <TD width="34%"><B><FONT size=2 face="serif">2911</FONT></B></TD>
      <TD width="33%"><strong><B><FONT size=2 face="serif">71-0361522</FONT></B></strong></TD>
    </TR>
    <TR align="center">
      <TD width="33%"><FONT size=2 face="serif">(State or Other Jurisdiction
          of<br>
      Incorporation or Organization)</FONT></TD>
      <TD width="34%"><FONT size=2 face="serif">(Primary Standard Industrial<br>
        Classification
          Code Number)</FONT></TD>
      <TD width="33%"><FONT size=2 face="serif">(I.R.S. Employer<br>
      Identification No.)</FONT></TD>
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    <td align="center">&nbsp;</td>
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    <td align="center"><strong><B><FONT size=2 face="serif">200 Peach Street<br>
P.O. Box 7000<br>
El Dorado, AR 71731-7000<br>
(870) 862-6411
    </FONT></B></strong></td>
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    <td align="center"><FONT size=2 face="serif">(Address, Including Zip Code,
        and Telephone Number, Including Area Code, of Registrant&#146;s Principal
      Executive Offices)</FONT></td>
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    <td align="center"><hr align=center width=15% size=1 noshade color="#000000"></td>
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    <td align="center"><p><strong><B><FONT size=3 face="serif">MURPHY OIL CORPORATION<br>
      1992 </FONT></B></strong><strong><B><FONT size=3 face="serif">STOCK INCENTIVE PLAN</FONT></B></strong></p>      </td>
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    <td align="center">&nbsp;</td>
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    <td align="center"> <B><FONT size=3 face="serif">MURPHY OIL CORPORATION<br>
    </FONT></B><font size="3"><B><FONT face="serif">STOCK PLAN FOR NON-EMPLOYEE
    DIRECTORS</FONT></B></font></td>
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    <td align="center">
    <FONT size=2 face="serif">(Full Title of the Plans)</FONT></td>
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    <td align="center"><hr align=center width=15% size=1 noshade color="#000000"></td>
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    <td align="center"> <FONT size=2 face="serif">Steven A. Coss&eacute;, Esq. <br>
    Senior Vice President and General Counsel<br>
200 Peach Street<br>
Post Office Box 7000<br>
El Dorado, AR 71731-7000</FONT></td>
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    <td align="center"><P align="center"> <FONT size=2 face="serif">(Name and
          Address of Agent for Service)<br>
  Telephone number, including area code, of agent for service: (870) 862-6411</FONT></P></td>
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    <td align="center"> <strong><I><FONT size=2 face="serif">Copy to:<br>
    </FONT></I></strong><FONT size=2 face="serif">Barbara Nims, Esq.<br>
    Davis Polk &amp; Wardwell<br>
450 Lexington Avenue<br>
New York, NY 10017<br>
(212) 450-4000</FONT></td>
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    <td align="center"><hr align=center width=15% size=1 noshade color="#000000"></td>
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<br>
<strong><FONT size=2 face="serif">CALCULATION OF REGISTRATION FEE</FONT></strong></div>
<TABLE width="100%" border=1 cellspacing=2 cellpadding=2>
<TR valign="bottom">
   <TD width="40%" align="center" nowrap>&nbsp;&nbsp;&nbsp;<strong><FONT size=1 face="serif">Title
         of Securities To Be Registered<B><SUP><FONT size=1 face="serif">(1)</FONT></SUP></B></FONT></strong></TD>
   <TD width="15%" align="center" nowrap><strong><FONT size=1 face="serif">Amount to
         Be<br>
    Registered</FONT></strong></TD>
   <TD width="15%" align="center" nowrap><strong><FONT size=1 face="serif">Proposed Maximum<br>
    Offering Price Per Share<B><SUP><FONT size=1 face="serif">(2)</FONT></SUP></B></FONT></strong></TD>
   <TD width="15%" align="center" nowrap><strong><FONT size=1 face="serif">Proposed Maximum<br>
    Aggregate Offering Price<B><SUP><FONT size=1 face="serif">(3)</FONT></SUP></B></FONT></strong></TD>
   <TD width="15%" align="center" nowrap><strong><FONT size=1 face="serif">Amount of<br>
    Registration Fee</FONT></strong></TD>
  </TR>
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   <TD width="40%"><FONT size=2 face="serif">Murphy Oil Corporation Common Stock,
    par value</FONT><font size="2" face="serif"><br>
&nbsp;&nbsp;&nbsp;&nbsp;    $1.00 per share<br>
    </font></TD>
   <TD width="15%" align="center"><FONT size=2 face="serif">5,000,000 shares</FONT><SUP><FONT size=2 face="serif">(4)</FONT></SUP></TD>
   <TD width="15%" align="center"><FONT size=2 face="serif">$84.15</FONT></TD>
   <TD width="15%" align="center"><FONT size=2 face="serif">$420,750,000</FONT></TD>
   <TD width="15%" align="center"><FONT size=2 face="serif">$53,309.03</FONT></TD>
  </TR>
</TABLE>
<table width="100%" border="0" cellspacing="4" cellpadding="0">
  <tr align="left" valign="top">
    <td width="5%"><font size=2 face="serif">(1)</font></td>
    <td><FONT size=2 face="serif">This Registration Statement also pertains to
        Rights to Purchase one one-thousandth of a share of Series A Participating
        Cumulative Preferred Stock, par value $100.00 per share, of the Registrant
        (&#147;the Rights&#148;). Until the occurrence of certain prescribed
        events, the Rights are not exercisable, are evidenced by the certificates
        for Murphy Oil Corporation Common Stock (&#147;Common Stock&#148;) and
        will be transferred along with and only with such securities. Thereafter,
        separate Rights certificates will be issued in respect of each share
        of Common Stock held subject to adjustment pursuant to anti-dilution
    provisions. </FONT></td>
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    <td width="5%"><font size=2 face="serif">(2)</font></td>
    <td><FONT size=2 face="serif">Estimated solely for the purpose of computing
        the amount of the registration fee pursuant to Rule 457 under the Securities
    Act of 1933.</FONT></td>
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    <td width="5%"><font size=2 face="serif">(3)</font></td>
    <td width="95%"><FONT size=2 face="serif">Estimated pursuant to Rule 457(c)
        under the Securities Act of 1933 solely for the purpose of computing
        the registration fee, based on the average of the high and low prices
        of Common Stock being registered hereby on the New York Stock Exchange
    on October 11, 2004.</FONT></td>
  </tr>
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    <td width="5%"><font size=2 face="serif">(4)</font></td>
    <td width="95%"><FONT size=2 face="serif">4,600,000 Shares of Common Stock
        are being registered for issuance under the 1992 Stock Incentive Plan
        and 400,000 shares of Common Stock are being registered for issuance
    under the Stock Plan for Non-Employee Directors. </FONT></td>
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</table>
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<P align="center">
<B><FONT size=2 face="serif">PART I </FONT></B>
</P>
<P>
<B><FONT size=2 face="serif">Item 1. PLAN INFORMATION </FONT></B>
</P>
<P>
<FONT size=2 face="serif"> 	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not required
to be filed with this Registration Statement. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">Item 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL  	INFORMATION. </FONT></B>
</P>
<P>
<FONT size=2 face="serif">  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not required
to be filed with this Registration Statement. </FONT>
</P>
<P align="center">
<B><FONT size=2 face="serif">PART II </FONT></B>
</P>
<P align="center">
<B><FONT size=2 face="serif">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT </FONT></B>
</P>
<P>
<B><FONT size=2 face="serif">Item 3. INCORPORATION OF DOCUMENTS BY REFERENCE </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Murphy Oil Corporation
(the &#147;Registrant&#148;) hereby incorporates herein by reference the following documents
filed pursuant to the Securities Exchange Act of 1934, as amended (the &#147;1934
Act&#148;)
(1934 Act File No. 1-8590): </FONT>
</P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Registrant&#146;s Annual Report on Form 10-K for the year ended December 31, 2003. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(2) All documents filed
with the Securities and Exchange Commission (the &#147;Commission&#148;) by the
Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the 1934 Act subsequent
to the date hereof and prior to the filing of a post-effective amendment (i)
which indicates that all securities offered herein have been sold or (ii) which
deregisters all securities then remaining unsold. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(3) The description of the Registrant&#146;s common stock $1.00 par value (&#147;Common Stock&#148; or &#147;Shares&#148;) contained in the Registrant&#146;s 1934 Act registration statement on
Form 8-A dated September 12, 1989, filed with the Commission pursuant to the 1934 Act, including any amendment thereto or report filed for the purpose of updating such description. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes hereof or of the related
prospectus to the extent that a statement contained herein or in any other subsequently filed document which is also incorporated or deemed to be incorporated herein modifies or supersedes such statement. Any such statement so modified or superseded
shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">Item 4. DESCRIPTION OF SECURITIES </FONT></B>
</P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable, see Item 3(3) above. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">Item 5. INTERESTS OF NAMED EXPERTS AND COUNSEL </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The validity of plan
interests offered hereby will be passed upon for the Registrant by Walter K.
Compton, Esq., Manager, Law Department &amp; Corporate Secretary of Murphy Oil
Corporation. As of  the date of this Registration Statement, the fair market
value of securities of the Registrant, including options, beneficially owned
by Mr. Compton exceeds $50,000. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">Item 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Reference is made to section 102(b)(7) of the Delaware General Corporation Law (the &#147;DGCL&#148;), which enables a corporation in its certificate of incorporation to eliminate or limit the
</FONT>
</P>

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    <font size="2" face="Times New Roman, Times, serif">-2-</font><br>
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<FONT size=2 face="serif">personal liability of a director for violations of the director&#146;s fiduciary duty, except (i) for breach of the director&#146;s duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in
good faith or which involve intentional misconduct or a knowing violation of law, (iii) pursuant to section 174 of the DGCL (providing for liability of directors for unlawful payment of dividends or unlawful stock purchases or redemptions) or (iv)
for any transaction from which a director derived an improper personal benefit. The Registrant&#146;s certificate of incorporation eliminates the liability of directors to the fullest extent permitted by Delaware law. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Reference is made to section 145 of the DGCL which provides that a corporation may indemnify directors and officers against expenses (including attorneys&#146; fees), judgments, fines and
amounts paid in settlement in connection with specified actions, suits or proceedings, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation (a &#147;derivative action&#148;)) if they
acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe their conduct was unlawful. A
similar standard is applicable in the case of derivative actions, except that indemnification only extends to expenses (including attorneys&#146; fees) incurred in connection with defense or settlement of such action, and the statute requires court
approval before there can be indemnification that may be granted by a corporation&#146;s charter, by-laws, disinterested director vote, stockholder vote, agreement or otherwise. The Registrant&#146;s certificate of incorporation provides for
indemnification of its directors and officers, to the fullest extent permitted by Delaware law. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In addition, the Registrant has purchased and maintains directors&#146; and officers&#146; liability insurance. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">Item 7. EXEMPTION FROM REGISTRATION CLAIMED </FONT></B>
</P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">Item 8. EXHIBITS</FONT></B></P>
<table width="95%"  border="0" cellspacing="0" cellpadding="0">
  <tr valign="bottom">
    <td width="6%" align="left"><FONT size=2 face="serif">Exhibit<br>
    </FONT><U><FONT size=2 face="serif">Number</FONT></U></td>
    <td width="3%">&nbsp;</td>
    <td width="91%"><U><FONT size=2 face="serif">Exhibit</FONT></U><FONT size=2 face="serif">&nbsp;</FONT></td>
  </tr>
  <tr valign="top">
    <td width="6%">&nbsp;</td>
    <td>&nbsp;</td>
    <td width="91%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="6%" align="center"><font size=2 face="serif">4.1</font></td>
    <td width="3%">&nbsp;</td>
    <td width="91%"> <FONT size=2 face="serif">Certificate of Incorporation
        of the Registrant, as amended effective May 17, 2001 (filed as Exhibit
        3.1 to the Registrant&#146;s Form 10-Q report for the quarterly period
    ended June 30, 2001 (filed August 10, 2001, 1934 Act File No. 1-8590))*. </FONT> </td>
  </tr>
  <tr valign="top">
    <td width="6%" align="center">&nbsp;</td>
    <td width="3%">&nbsp;</td>
    <td width="91%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="center"><font size=2 face="serif">4.2</font></td>
    <td>&nbsp;</td>
    <td> <FONT size=2 face="serif">By-Laws of Registrant, as amended effective
        August 4, 2004 (filed as Exhibit 99.2 to the Registrant&#146;s Form 8-K
    report (filed August 6, 2004, 1934 Act File No. 1-8590))*. </FONT> </td>
  </tr>
  <tr valign="top">
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="center"><font size=2 face="serif">4.3</font></td>
    <td>&nbsp;</td>
    <td> <FONT size=2 face="serif">Rights Agreement dated as of December
        6, 1989 between Murphy Oil Corporation and Harris Trust Company of New
        York, as Rights Agent, as amended effective April 15, 1999 (filed as
        Exhibit 4.3 to the Registrant&#146;s Form 10-K for the year ended December
    31, 1999 (1934 Act File No. 1-8590))*.</FONT> </td>
  </tr>
  <tr valign="top">
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="center"><font size=2 face="serif">4.4</font></td>
    <td>&nbsp;</td>
    <td><FONT size=2 face="serif">Amendment No. 1 to Rights Agreement (filed
        as Exhibit 3 to Form 8-A, Amendment No. 1, filed April 14, 1998 (1934
    Act File No. 1-8590))*.</FONT></td>
  </tr>
  <tr valign="top">
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="center"><font size=2 face="serif">4.5</font></td>
    <td>&nbsp;</td>
    <td> <FONT size=2 face="serif">Amendment No. 2 to Rights Agreement (filed
        as Exhibit 4 to Form 8-A, Amendment No. 2, filed April 19, 1999 (1934
    Act File No. 1-8590))*.</FONT> </td>
  </tr>
  <tr valign="top">
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="center"><font size=2 face="serif">5.1</font></td>
    <td>&nbsp;</td>
    <td> <FONT size=2 face="serif">Opinion of Walter K. Compton, Esq. </FONT> </td>
  </tr>
  <tr valign="top">
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="6%" align="left"><font size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;23.1</font></td>
    <td width="3%">&nbsp;</td>
    <td width="91%"> <FONT size=2 face="serif">Consent of KPMG LLP, Independent
    Registered Public Accounting Firm. </FONT> </td>
  </tr>
</table>
<P align="center">  <br>
  <font size="2">-3-</font>
</P>
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    <td width="6%" align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;23.2</FONT></td>
    <td width="3%">&nbsp;</td>
    <td width="91%"><FONT size=2 face="serif">Consent of Walter K. Compton,
    Esq. (included in Exhibit 5.1). </FONT> </td>
  </tr>
  <tr valign="top">
    <td width="6%" align="left">&nbsp;</td>
    <td width="3%">&nbsp;</td>
    <td width="91%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;24</FONT></td>
    <td>&nbsp;</td>
    <td> <FONT size=2 face="serif">Power
    of Attorney (included on the signature page of this Registration Statement). </FONT> </td>
  </tr>
  <tr valign="top">
    <td align="left">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;99.1</FONT></td>
    <td>&nbsp;</td>
    <td> <FONT size=2 face="serif">Murphy Oil Corporation 1992 Stock Incentive
        Plan, as amended May 14, 1997, December 7, 1999 and May 14, 2003 (filed
        as Exhibit 10.1 of Murphy&#146;s Form 10-Q for the quarterly period ended
    June 30, 2003 (1934 Act File No. 1-8590))*.</FONT> </td>
  </tr>
  <tr valign="top">
    <td align="left">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;99.2</FONT></td>
    <td>&nbsp;</td>
    <td> <FONT size=2 face="serif">Murphy Oil Corporation Stock Plan for
        Non-Employee Directors (filed as Exhibit 10.4 of Murphy&#146;s Form 10-K
    for the year ended December 31, 2003 (1934 Act File No. 1-8590))*. </FONT> </td>
  </tr>
  <tr valign="top">
    <td align="left">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td colspan="3" align="left"><hr align="left" width="15%" size=1 noshade color=GRAY></td>
  </tr>
  <tr align="left" valign="top">
    <td colspan="3" align="left"> <FONT size=2 face="serif">*Incorporated herein
    by reference </FONT> </td>
  </tr>
</table>
<P>
<B><FONT size=2 face="serif"><br>
Item 9. UNDERTAKINGS </FONT></B>
</P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The undersigned Registrant hereby undertakes: </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(1) To file, during any
period in which offers or sales are being made, a post-effective amendment to
this Registration Statement: </FONT>
</P>
<blockquote>
  <p> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933 (the &#147;1933 Act&#148;); </FONT>
  </p>
  <p> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(ii) To reflect
      in the prospectus any facts or events arising after the effective date
      of the Registration Statement (or the most recent post-effective amendment
      thereof) which, individually or  in the aggregate, represent a fundamental
      change in the information set forth in the Registration Statement. Notwithstanding
      the foregoing, any increase or decrease in volume of securities offered
      (if the total dollar value of securities offered  would not exceed that
      which was registered) and any deviation from the low or high and of the
      estimated maximum offering range may be reflected in the form of prospectus
      filed with the Commission pursuant to Rule 424(b) if, in the aggregate,
      the  changes in volume and price represent no more than 20 percent change
      in the maximum aggregate offering price set forth in the &#147;Calculation
      of Registration Fee&#148; table in this Registration Statement; and </FONT>
  </p>
  <p> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(iii) To include
      any material information with respect to the plan of distribution not previously
      disclosed in the Registration Statement or any material change to such
      information in the Registration Statement; <I>provided</I>, <I>however</I>,
      that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the  registration
      statement is on Form S-3, Form S-8 or Form F-3 and the information required
      to be included in a post-effective amendment by those paragraphs is contained
      in periodic reports filed with or furnished to the Commission by the Registrant
       pursuant to Section 13 or Section 15(d) of the 1934 Act that are incorporated
      by reference in the Registration Statement; </FONT>
  </p>
</blockquote>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(2) That, for the purpose of determining any liability under the 1933 Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be deemed to be the initial </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT size=2 face="serif"> offering thereof; and </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b) The undersigned Registrant
hereby undertakes that, for purposes of determining any liability under the 1933
Act, each filing of the Registrant&#146;s annual report pursuant to Section 13(a)
</FONT>
</P>
<P align="center">
<FONT size=2 face="serif">-4- </FONT>
</P>

<br>
<br>
<hr size=3 color=GRAY noshade>
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<br>
<br>
<br>
<P>
<FONT size=2 face="serif">or Section 15(d) of the 1934 Act (and, where applicable,
each filing of an employee benefit plan&#146;s Annual Report pursuant to Section
15(d) of the 1934 Act) that is incorporated by reference in the Registration
 Statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT
size=2 face="serif"> offering thereof. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(c) Insofar as indemnification
for liabilities arising under the 1933 Act may be permitted to directors, officers
and controlling persons of the Registrant pursuant to the foregoing provisions,
 or otherwise, the Registrant has been advised that in the opinion of the Commission
such indemnification is against public policy as expressed in the 1933 Act and
is, therefore, unenforceable. In the event that a claim for indemnification against
 such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such director,
officer  or controlling person in connection with the securities being registered,
the Registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question  whether such indemnification by it is against public policy as
expressed in the 1933 Act and will be governed by the final adjudication of such
issue. </FONT>
</P>
<P align="center">
<FONT size=2 face="serif">-5- </FONT>
</P>

<br>
<br>
<hr size=3 color=GRAY noshade>
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<br>
<br>
<P align="center">
<B><FONT size=2 face="serif">SIGNATURES </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif"> The Registrant</FONT></I><FONT size=2 face="serif">.
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies
that it has reasonable grounds to believe that it  meets all of the requirements
for filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of El Dorado, State of Arkansas, on October 13, 2004. </FONT></P>
<div align="right">
  <table width="50%" border="0" cellspacing="0" cellpadding="0">
    <tr>
      <td colspan="3"><FONT size=2 face="serif">MURPHY
      OIL CORPORATION</FONT><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    </tr>
    <tr>
      <td width="6%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td width="10%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td width="84%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    </tr>
    <tr>
      <td width="6%"><font size="2" face="Times New Roman, Times, serif">By:</font></td>
      <td>&nbsp;</td>
      <td><font size=2 face="serif">/s/ Walter K. Compton</font></td>
    </tr>
    <tr>
      <td width="6%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td colspan="2"><hr align="left" width=60% size=1 noshade color="#000000"></td>
    </tr>
    <tr>
      <td width="6%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td width="10%"><font size="2" face="Times New Roman, Times, serif">Name:</font></td>
      <td width="84%"><FONT size=2 face="serif">Walter K. Compton</FONT></td>
    </tr>
    <tr>
      <td width="6%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td width="10%" valign="top"><font size="2" face="Times New Roman, Times, serif">Title:</font></td>
      <td width="84%" valign="top"><FONT size=2 face="serif">Manager, Law Department &amp;<br>
Corporate Secretary </FONT></td>
    </tr>
  </table>
</div>
<P>&nbsp; </P>
<P align="center">
<FONT size=2 face="serif">-6- </FONT>
</P>

<br>
<br>
<hr size=3 color=GRAY noshade>
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<br>
<br>
<P align="center">
<B><FONT size=2 face="serif">POWER OF ATTORNEY </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below, constitutes and appoints Steven A. Coss&eacute; and Walter K. Compton, and each of them, our true and lawful
attorneys-in-fact and agents, with full power of substitution and resubstitution, to do any and all acts and things and execute, in the name of the undersigned, any and all instruments which said attorneys-in-fact and agents may deem necessary or
advisable in order to enable Murphy Oil Corporation to comply with the Securities Act of 1933 and any requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing with the Securities and Exchange
Commission of the registration statement on Form S-8 under the Securities Act of 1933, including specifically but without limitation, power and authority to sign the name of the undersigned to such registration statement, and any amendments to such
registration statement (including post-effective amendments), and to file the same with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, to sign any and all applications, registration
statements, notices or other documents necessary or advisable to comply with applicable state securities laws, and to file the same, together with other documents in connection therewith with the appropriate state securities authorities, granting
unto said attorneys-in-fact and agents, and each of them, full power and authority to do and to perform each and every act and thing requisite or necessary to be done in and about the premises, as fully and to all intents and purposes as the
undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and any of them, or their substitutes, may lawfully do or cause to be done by virtue hereof. </FONT>
</P>
<P>
<FONT size=2 face="serif">Pursuant to the requirements of the Securities Act of 1933, this Power of Attorney, has been executed by the following persons in the capacities indicated on October 13, 2004. </FONT>
</P>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
<TR>
   <TD width="30%" align="center">&nbsp;&nbsp;&nbsp;<B><FONT size=1 face="serif"><u>Signature</u></FONT></B></TD>
   <TD align="center" width="5%">&nbsp;</TD>
   <TD align="center" width="35%"><B><FONT size=1 face="serif"><u>Title</u></FONT></B></TD>
   <TD align="center" width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="5%" align="center">&nbsp;</TD>
   <TD width="35%" align="center">&nbsp;</TD>
   <TD width="30%" align="center">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="5%" align="center">&nbsp;</TD>
   <TD width="35%" align="center">&nbsp;</TD>
   <TD width="30%" align="center">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">/s/ William C. Nolan, Jr.</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">Chairman and Director</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><HR noshade size=1></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">William C. Nolan, Jr.</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%">&nbsp;</TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%">&nbsp;</TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">/s/ Claiborne P. Deming</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">President and Chief Executive Officer
       and</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><HR noshade size=1></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">Director (Principal Executive Officer)</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">Claiborne P. Deming</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%">&nbsp;</TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">/s/ R. Madison Murphy</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><HR noshade size=1></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">R. Madison Murphy</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%">&nbsp;</TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">/s/ Frank W. Blue</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><HR noshade size=1></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">Frank W. Blue</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%">&nbsp;</TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">/s/ George S. Dembroski</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><HR noshade size=1></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">George S. Dembroski</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%">&nbsp;</TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">/s/ Robert A. Hermes</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><HR noshade size=1></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">Robert A. Hermes</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
</TABLE>

<p>&nbsp;</p>
<p align="center"><FONT size=2 face="serif">-7-</FONT><br>
</p>
<hr size=3 color=GRAY noshade>
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<br>
<br>
<br>
<br>
<br>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
<TR>
  <TD align="center">&nbsp;&nbsp;&nbsp;<B><FONT size=1 face="serif"><u>Signature</u></FONT></B></TD>
  <TD align="center">&nbsp;</TD>
  <TD align="center"><B><FONT size=1 face="serif"><u>Title</u></FONT></B></TD>
  <TD align="center">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="5%" align="center">&nbsp;</TD>
   <TD width="35%" align="center">&nbsp;</TD>
   <TD width="30%" align="center">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%" align="center">&nbsp;</TD>
   <TD width="5%" align="center">&nbsp;</TD>
   <TD width="35%" align="center">&nbsp;</TD>
   <TD width="30%" align="center">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">/s/ Ivar B. Ramberg</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><HR noshade size=1></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">Ivar B. Ramberg</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%">&nbsp;</TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">/s/ Neal E. Schmale</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><HR noshade size=1></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">Neal E. Schmale</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%">&nbsp;</TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">/s/ David J.H. Smith</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><HR noshade size=1></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">David J.H. Smith</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%">&nbsp;</TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">/s/ Caroline G. Theus</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">Director</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><HR noshade size=1></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">Caroline G. Theus</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%">&nbsp;</TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%">&nbsp;</TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">/s/ Steven A. Coss&eacute;</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">Senior Vice President and General
       Counsel</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><HR noshade size=1></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">(Principal Financial Officer)</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">Steven A. Coss&eacute;</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD width="30%">&nbsp;</TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">/s/ John W. Eckart</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%"><FONT size=2 face="serif">Controller (Principal Accounting Officer)</FONT></TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><HR noshade size=1></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
<TR>
   <TD width="30%"><FONT size=2 face="serif">John W. Eckart</FONT></TD>
   <TD width="5%">&nbsp;</TD>
   <TD width="35%">&nbsp;</TD>
   <TD width="30%">&nbsp;</TD>
</TR>
</TABLE>
<P align="center">
<FONT size=2 face="serif">-8- </FONT>
</P>

<br>
<br>
<hr size=3 color=GRAY noshade>
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<br>
<br>
<P align="center">
<B><FONT size=2 face="serif">INDEX TO EXHIBITS </FONT></B></P>
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
  <tr valign="bottom">
    <td colspan="2" align="left" nowrap>&nbsp;&nbsp;<u><strong><FONT size=1 face="serif">Exhibit
    </FONT><font size="1"FONT face="serif">Number</FONT></strong></u></td>
    <td width="86%" align="center" nowrap><strong><font size="1"><U><FONT face="serif">Exhibit</FONT></U></font></strong></td>
    <td width="5%" align="center">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="6%">&nbsp;</td>
    <td>&nbsp;</td>
    <td width="86%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="6%" align="right"><font size=2 face="serif">4.1</font></td>
    <td width="3%">&nbsp;</td>
    <td width="86%"> <FONT size=2 face="serif">Certificate of Incorporation of
        the Registrant, as amended effective May 17, 2001 (filed as Exhibit 3.1
        to the Registrant&#146;s Form 10-Q report for the quarterly period ended
        June 30, 2001 (filed August 10, 2001, 1934 Act File No. 1-8590))*. </FONT> </td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="6%" align="right">&nbsp;</td>
    <td width="3%">&nbsp;</td>
    <td width="86%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right"><font size=2 face="serif">4.2</font></td>
    <td>&nbsp;</td>
    <td width="86%"> <FONT size=2 face="serif">By-Laws of Registrant, as amended effective
        August 4, 2004 (filed as Exhibit 99.2 to the Registrant&#146;s Form 8-K
        report (filed August 6, 2004, 1934 Act File No. 1-8590))*. </FONT> </td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td width="86%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right"><font size=2 face="serif">4.3</font></td>
    <td>&nbsp;</td>
    <td width="86%"> <FONT size=2 face="serif">Rights Agreement dated as of December 6, 1989
        between Murphy Oil Corporation and Harris Trust Company of New York,
        as Rights Agent, as amended effective April 15, 1999 (filed as Exhibit
        4.3 to the Registrant&#146;s Form 10-K for the year ended December 31,
        1999 (1934 Act File No. 1-8590))*.</FONT> </td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td width="86%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right"><font size=2 face="serif">4.4</font></td>
    <td>&nbsp;</td>
    <td width="86%"><FONT size=2 face="serif">Amendment No. 1 to Rights Agreement (filed
        as Exhibit 3 to Form 8-A, Amendment No. 1, filed April 14, 1998 (1934
        Act File No. 1-8590))*.</FONT></td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td width="86%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right"><font size=2 face="serif">4.5</font></td>
    <td>&nbsp;</td>
    <td width="86%"> <FONT size=2 face="serif">Amendment No. 2 to Rights Agreement (filed
        as Exhibit 4 to Form 8-A, Amendment No. 2, filed April 19, 1999 (1934
        Act File No. 1-8590))*.</FONT> </td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td width="86%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right"><font size=2 face="serif">5.1</font></td>
    <td>&nbsp;</td>
    <td width="86%"> <FONT size=2 face="serif">Opinion of Walter K. Compton, Esq. </FONT> </td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td width="86%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="6%" align="right"><font size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;23.1</font></td>
    <td width="3%">&nbsp;</td>
    <td width="86%"> <FONT size=2 face="serif">Consent of KPMG LLP, Independent
        Registered Public Accounting Firm. </FONT> </td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td width="86%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="6%" align="right"><FONT size=2 face="serif">23.2 </FONT></td>
    <td width="3%">&nbsp;</td>
    <td width="86%"><FONT size=2 face="serif">Consent of Walter K. Compton, Esq.
        (included in Exhibit 5.1). </FONT> </td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="6%" align="right">&nbsp;</td>
    <td width="3%">&nbsp;</td>
    <td width="86%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right"><FONT size=2 face="serif">24</FONT></td>
    <td>&nbsp;</td>
    <td width="86%"> <FONT size=2 face="serif">Power of Attorney (included on
        the signature page of this Registration Statement). </FONT> </td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td width="86%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right"><FONT size=2 face="serif">99.1</FONT></td>
    <td>&nbsp;</td>
    <td width="86%"> <FONT size=2 face="serif">Murphy Oil Corporation 1992 Stock Incentive
        Plan, as amended May 14, 1997, December 7, 1999 and May 14, 2003 (filed
        as Exhibit 10.1 of Murphy&#146;s Form 10-Q for the quarterly period ended
        June 30, 2003 (1934 Act File No. 1-8590))*.</FONT> </td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right">&nbsp;</td>
    <td>&nbsp;</td>
    <td width="86%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="right"><FONT size=2 face="serif">99.2</FONT></td>
    <td>&nbsp;</td>
    <td width="86%"> <FONT size=2 face="serif">Murphy Oil Corporation Stock Plan for Non-Employee
        Directors (filed as Exhibit 10.4 of Murphy&#146;s Form 10-K for the year
        ended December 31, 2003 (1934 Act File No. 1-8590))*. </FONT> </td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td width="86%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td colspan="4"><hr align="left" width="15%" size=1 noshade color=GRAY></td>
  </tr>
  <tr align="left" valign="top">
    <td colspan="4"> <FONT size=2 face="serif">*Incorporated herein by reference </FONT> </td>
  </tr>
</table>
<P align="center"><FONT size=2 face="serif">-9- </FONT></P>
<br>
<br>
<hr size=3 color=GRAY noshade>
</BODY>
</HTML>
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{"company-data": {"conformed-name": "MURPHY OIL CORP /DE", "cik": "0000717423", "assigned-sic": "2911", "irs-number": "710361522", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-119733", "film-number": "041077571"}, "business-address": {"street1": "200 PEACH ST", "street2": "PO BOX 7000", "city": "EL DORADO", "state": "AR", "zip": "71731-7000", "phone": "8708626411"}, "mail-address": {"street1": "200 PEACH STREET", "street2": "PO BOX 7000", "city": "EL DORADO", "state": "AR", "zip": "71731-7000"}, "former-company": {"former-conformed-name": "NEW MURPHY OIL CORP /DE", "date-changed": "19831115"}}
S-8
As filed with the Securities
          and Exchange Commission on
October 13,
          2004
Registration No. 333-_____
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Murphy Oil Corporation
(Exact Name of Registrant as Specified in Its
Charter)
Delaware
2911
71-0361522
(State or Other Jurisdiction
          of
Incorporation or Organization)
(Primary Standard Industrial
Classification
          Code Number)
(I.R.S. Employer
Identification No.)
200 Peach Street
P.O. Box 7000
El Dorado, AR 71731-7000
(870) 862-6411
(Address, Including Zip Code,
        and Telephone Number, Including Area Code, of Registrant's Principal
      Executive Offices)
MURPHY OIL CORPORATION
1992
STOCK INCENTIVE PLAN
MURPHY OIL CORPORATION
STOCK PLAN FOR NON-EMPLOYEE
    DIRECTORS
(Full Title of the Plans)
Steven A. Cossé, Esq.
Senior Vice President and General Counsel
200 Peach Street
Post Office Box 7000
El Dorado, AR 71731-7000
(Name and
          Address of Agent for Service)
Telephone number, including area code, of agent for service: (870) 862-6411
Copy to:
Barbara Nims, Esq.
Davis Polk & Wardwell
450 Lexington Avenue
New York, NY 10017
(212) 450-4000
CALCULATION OF REGISTRATION FEE
Title
         of Securities To Be Registered
(1)
Amount to
         Be
Registered
Proposed Maximum
Offering Price Per Share
(2)
Proposed Maximum
Aggregate Offering Price
(3)
Amount of
Registration Fee
Murphy Oil Corporation Common Stock,
    par value
$1.00 per share
5,000,000 shares
(4)
$84.15
$420,750,000
$53,309.03
(1)
This Registration Statement also pertains to
        Rights to Purchase one one-thousandth of a share of Series A Participating
        Cumulative Preferred Stock, par value $100.00 per share, of the Registrant
        ("the Rights"). Until the occurrence of certain prescribed
        events, the Rights are not exercisable, are evidenced by the certificates
        for Murphy Oil Corporation Common Stock ("Common Stock") and
        will be transferred along with and only with such securities. Thereafter,
        separate Rights certificates will be issued in respect of each share
        of Common Stock held subject to adjustment pursuant to anti-dilution
    provisions.
(2)
Estimated solely for the purpose of computing
        the amount of the registration fee pursuant to Rule 457 under the Securities
    Act of 1933.
(3)
Estimated pursuant to Rule 457(c)
        under the Securities Act of 1933 solely for the purpose of computing
        the registration fee, based on the average of the high and low prices
        of Common Stock being registered hereby on the New York Stock Exchange
    on October 11, 2004.
(4)
4,600,000 Shares of Common Stock
        are being registered for issuance under the 1992 Stock Incentive Plan
        and 400,000 shares of Common Stock are being registered for issuance
    under the Stock Plan for Non-Employee Directors.
PART I
Item 1. PLAN INFORMATION
Not required
to be filed with this Registration Statement.
Item 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL  	INFORMATION.
Not required
to be filed with this Registration Statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. INCORPORATION OF DOCUMENTS BY REFERENCE
Murphy Oil Corporation
(the "Registrant") hereby incorporates herein by reference the following documents
filed pursuant to the Securities Exchange Act of 1934, as amended (the "1934
Act")
(1934 Act File No. 1-8590):
(1) The Registrant's Annual Report on Form 10-K for the year ended December 31, 2003.
(2) All documents filed
with the Securities and Exchange Commission (the "Commission") by the
Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the 1934 Act subsequent
to the date hereof and prior to the filing of a post-effective amendment (i)
which indicates that all securities offered herein have been sold or (ii) which
deregisters all securities then remaining unsold.
(3) The description of the Registrant's common stock $1.00 par value ("Common Stock" or "Shares") contained in the Registrant's 1934 Act registration statement on
Form 8-A dated September 12, 1989, filed with the Commission pursuant to the 1934 Act, including any amendment thereto or report filed for the purpose of updating such description.
Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes hereof or of the related
prospectus to the extent that a statement contained herein or in any other subsequently filed document which is also incorporated or deemed to be incorporated herein modifies or supersedes such statement. Any such statement so modified or superseded
shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4. DESCRIPTION OF SECURITIES
Not applicable, see Item 3(3) above.
Item 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
The validity of plan
interests offered hereby will be passed upon for the Registrant by Walter K.
Compton, Esq., Manager, Law Department & Corporate Secretary of Murphy Oil
Corporation. As of  the date of this Registration Statement, the fair market
value of securities of the Registrant, including options, beneficially owned
by Mr. Compton exceeds $50,000.
Item 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Reference is made to section 102(b)(7) of the Delaware General Corporation Law (the "DGCL"), which enables a corporation in its certificate of incorporation to eliminate or limit the
-2-
personal liability of a director for violations of the director's fiduciary duty, except (i) for breach of the director's duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in
good faith or which involve intentional misconduct or a knowing violation of law, (iii) pursuant to section 174 of the DGCL (providing for liability of directors for unlawful payment of dividends or unlawful stock purchases or redemptions) or (iv)
for any transaction from which a director derived an improper personal benefit. The Registrant's certificate of incorporation eliminates the liability of directors to the fullest extent permitted by Delaware law.
Reference is made to section 145 of the DGCL which provides that a corporation may indemnify directors and officers against expenses (including attorneys' fees), judgments, fines and
amounts paid in settlement in connection with specified actions, suits or proceedings, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation (a "derivative action")) if they
acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe their conduct was unlawful. A
similar standard is applicable in the case of derivative actions, except that indemnification only extends to expenses (including attorneys' fees) incurred in connection with defense or settlement of such action, and the statute requires court
approval before there can be indemnification that may be granted by a corporation's charter, by-laws, disinterested director vote, stockholder vote, agreement or otherwise. The Registrant's certificate of incorporation provides for
indemnification of its directors and officers, to the fullest extent permitted by Delaware law.
In addition, the Registrant has purchased and maintains directors' and officers' liability insurance.
Item 7. EXEMPTION FROM REGISTRATION CLAIMED
Not Applicable.
Item 8. EXHIBITS
Exhibit
Number
Exhibit
4.1
Certificate of Incorporation
        of the Registrant, as amended effective May 17, 2001 (filed as Exhibit
        3.1 to the Registrant's Form 10-Q report for the quarterly period
    ended June 30, 2001 (filed August 10, 2001, 1934 Act File No. 1-8590))*.
4.2
By-Laws of Registrant, as amended effective
        August 4, 2004 (filed as Exhibit 99.2 to the Registrant's Form 8-K
    report (filed August 6, 2004, 1934 Act File No. 1-8590))*.
4.3
Rights Agreement dated as of December
        6, 1989 between Murphy Oil Corporation and Harris Trust Company of New
        York, as Rights Agent, as amended effective April 15, 1999 (filed as
        Exhibit 4.3 to the Registrant's Form 10-K for the year ended December
    31, 1999 (1934 Act File No. 1-8590))*.
4.4
Amendment No. 1 to Rights Agreement (filed
        as Exhibit 3 to Form 8-A, Amendment No. 1, filed April 14, 1998 (1934
    Act File No. 1-8590))*.
4.5
Amendment No. 2 to Rights Agreement (filed
        as Exhibit 4 to Form 8-A, Amendment No. 2, filed April 19, 1999 (1934
    Act File No. 1-8590))*.
5.1
Opinion of Walter K. Compton, Esq.
23.1
Consent of KPMG LLP, Independent
    Registered Public Accounting Firm.
-3-
23.2
Consent of Walter K. Compton,
    Esq. (included in Exhibit 5.1).
24
Power
    of Attorney (included on the signature page of this Registration Statement).
99.1
Murphy Oil Corporation 1992 Stock Incentive
        Plan, as amended May 14, 1997, December 7, 1999 and May 14, 2003 (filed
        as Exhibit 10.1 of Murphy's Form 10-Q for the quarterly period ended
    June 30, 2003 (1934 Act File No. 1-8590))*.
99.2
Murphy Oil Corporation Stock Plan for
        Non-Employee Directors (filed as Exhibit 10.4 of Murphy's Form 10-K
    for the year ended December 31, 2003 (1934 Act File No. 1-8590))*.
*Incorporated herein
    by reference
Item 9. UNDERTAKINGS
(a) The undersigned Registrant hereby undertakes:
(1) To file, during any
period in which offers or sales are being made, a post-effective amendment to
this Registration Statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933 (the "1933 Act");
(ii) To reflect
      in the prospectus any facts or events arising after the effective date
      of the Registration Statement (or the most recent post-effective amendment
      thereof) which, individually or  in the aggregate, represent a fundamental
      change in the information set forth in the Registration Statement. Notwithstanding
      the foregoing, any increase or decrease in volume of securities offered
      (if the total dollar value of securities offered  would not exceed that
      which was registered) and any deviation from the low or high and of the
      estimated maximum offering range may be reflected in the form of prospectus
      filed with the Commission pursuant to Rule 424(b) if, in the aggregate,
      the  changes in volume and price represent no more than 20 percent change
      in the maximum aggregate offering price set forth in the "Calculation
      of Registration Fee" table in this Registration Statement; and
(iii) To include
      any material information with respect to the plan of distribution not previously
      disclosed in the Registration Statement or any material change to such
      information in the Registration Statement;
provided
,
however
,
      that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the  registration
      statement is on Form S-3, Form S-8 or Form F-3 and the information required
      to be included in a post-effective amendment by those paragraphs is contained
      in periodic reports filed with or furnished to the Commission by the Registrant
       pursuant to Section 13 or Section 15(d) of the 1934 Act that are incorporated
      by reference in the Registration Statement;
(2) That, for the purpose of determining any liability under the 1933 Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof; and
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b) The undersigned Registrant
hereby undertakes that, for purposes of determining any liability under the 1933
Act, each filing of the Registrant's annual report pursuant to Section 13(a)
-4-
or Section 15(d) of the 1934 Act (and, where applicable,
each filing of an employee benefit plan's Annual Report pursuant to Section
15(d) of the 1934 Act) that is incorporated by reference in the Registration
 Statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial
bona fide
offering thereof.
(c) Insofar as indemnification
for liabilities arising under the 1933 Act may be permitted to directors, officers
and controlling persons of the Registrant pursuant to the foregoing provisions,
 or otherwise, the Registrant has been advised that in the opinion of the Commission
such indemnification is against public policy as expressed in the 1933 Act and
is, therefore, unenforceable. In the event that a claim for indemnification against
 such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such director,
officer  or controlling person in connection with the securities being registered,
the Registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question  whether such indemnification by it is against public policy as
expressed in the 1933 Act and will be governed by the final adjudication of such
issue.
-5-
SIGNATURES
The Registrant
.
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies
that it has reasonable grounds to believe that it  meets all of the requirements
for filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of El Dorado, State of Arkansas, on October 13, 2004.
MURPHY
      OIL CORPORATION
By:
/s/ Walter K. Compton
Name:
Walter K. Compton
Title:
Manager, Law Department &
Corporate Secretary
-6-
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below, constitutes and appoints Steven A. Cossé and Walter K. Compton, and each of them, our true and lawful
attorneys-in-fact and agents, with full power of substitution and resubstitution, to do any and all acts and things and execute, in the name of the undersigned, any and all instruments which said attorneys-in-fact and agents may deem necessary or
advisable in order to enable Murphy Oil Corporation to comply with the Securities Act of 1933 and any requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing with the Securities and Exchange
Commission of the registration statement on Form S-8 under the Securities Act of 1933, including specifically but without limitation, power and authority to sign the name of the undersigned to such registration statement, and any amendments to such
registration statement (including post-effective amendments), and to file the same with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, to sign any and all applications, registration
statements, notices or other documents necessary or advisable to comply with applicable state securities laws, and to file the same, together with other documents in connection therewith with the appropriate state securities authorities, granting
unto said attorneys-in-fact and agents, and each of them, full power and authority to do and to perform each and every act and thing requisite or necessary to be done in and about the premises, as fully and to all intents and purposes as the
undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and any of them, or their substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Power of Attorney, has been executed by the following persons in the capacities indicated on October 13, 2004.
Signature
Title
/s/ William C. Nolan, Jr.
Chairman and Director
William C. Nolan, Jr.
/s/ Claiborne P. Deming
President and Chief Executive Officer
       and
Director (Principal Executive Officer)
Claiborne P. Deming
/s/ R. Madison Murphy
Director
R. Madison Murphy
/s/ Frank W. Blue
Director
Frank W. Blue
/s/ George S. Dembroski
Director
George S. Dembroski
/s/ Robert A. Hermes
Director
Robert A. Hermes
-7-
Signature
Title
/s/ Ivar B. Ramberg
Director
Ivar B. Ramberg
/s/ Neal E. Schmale
Neal E. Schmale
Director
/s/ David J.H. Smith
Director
David J.H. Smith
/s/ Caroline G. Theus
Director
Caroline G. Theus
/s/ Steven A. Cossé
Senior Vice President and General
       Counsel
(Principal Financial Officer)
Steven A. Cossé
/s/ John W. Eckart
Controller (Principal Accounting Officer)
John W. Eckart
-8-
INDEX TO EXHIBITS
Exhibit
Number
Exhibit
4.1
Certificate of Incorporation of
        the Registrant, as amended effective May 17, 2001 (filed as Exhibit 3.1
        to the Registrant's Form 10-Q report for the quarterly period ended
        June 30, 2001 (filed August 10, 2001, 1934 Act File No. 1-8590))*.
4.2
By-Laws of Registrant, as amended effective
        August 4, 2004 (filed as Exhibit 99.2 to the Registrant's Form 8-K
        report (filed August 6, 2004, 1934 Act File No. 1-8590))*.
4.3
Rights Agreement dated as of December 6, 1989
        between Murphy Oil Corporation and Harris Trust Company of New York,
        as Rights Agent, as amended effective April 15, 1999 (filed as Exhibit
        4.3 to the Registrant's Form 10-K for the year ended December 31,
        1999 (1934 Act File No. 1-8590))*.
4.4
Amendment No. 1 to Rights Agreement (filed
        as Exhibit 3 to Form 8-A, Amendment No. 1, filed April 14, 1998 (1934
        Act File No. 1-8590))*.
4.5
Amendment No. 2 to Rights Agreement (filed
        as Exhibit 4 to Form 8-A, Amendment No. 2, filed April 19, 1999 (1934
        Act File No. 1-8590))*.
5.1
Opinion of Walter K. Compton, Esq.
23.1
Consent of KPMG LLP, Independent
        Registered Public Accounting Firm.
23.2
Consent of Walter K. Compton, Esq.
        (included in Exhibit 5.1).
24
Power of Attorney (included on
        the signature page of this Registration Statement).
99.1
Murphy Oil Corporation 1992 Stock Incentive
        Plan, as amended May 14, 1997, December 7, 1999 and May 14, 2003 (filed
        as Exhibit 10.1 of Murphy's Form 10-Q for the quarterly period ended
        June 30, 2003 (1934 Act File No. 1-8590))*.
99.2
Murphy Oil Corporation Stock Plan for Non-Employee
        Directors (filed as Exhibit 10.4 of Murphy's Form 10-K for the year
        ended December 31, 2003 (1934 Act File No. 1-8590))*.
*Incorporated herein by reference
-9-