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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>As
      filed with the Securities and Exchange Commission on _______ __,
      2007</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong><u>Registration
      No. 333-_______</u></strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 17pt; FONT-FAMILY: Times New Roman, serif">SECURITIES
      AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Washington,
      D.C. 20549</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;

      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="15%">
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 216pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman, serif">FORM
      S-8</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">REGISTRATION
      STATEMENT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">UNDER</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">THE
      SECURITIES ACT OF 1933</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;

      <hr style="COLOR: black" align="center" noshade size="1" width="15%">
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; COLOR: #000000; FONT-FAMILY: Times New Roman, serif">Murphy
      Oil Corporation</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">(Exact
      Name of Registrant as Specified in Its Charter)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>Delaware</strong></font></div>
            </td>
            <td valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>2911</strong></font></div>
            </td>
            <td valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>71-0361522</strong></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">(State
                or Other Jurisdiction of</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Incorporation
                or Organization)</font></div>
            </td>
            <td valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">(Primary
                Standard Industrial</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Classification
                Code Number)</font></div>
            </td>
            <td valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">(I.R.S.
                Employer</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Identification
                Number)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="31%">&#160;</td>
            <td valign="top" width="31%">&#160;</td>
            <td valign="top" width="31%">&#160;</td>
          </tr>
          <tr>
            <td valign="top" width="31%">&#160;</td>
            <td valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>200
                Peach Street</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>P.O.
                Box 7000</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>El
                Dorado, AR 71731-7000</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>(870)
                862-6411</strong></font></div>
            </td>
            <td valign="top" width="31%">&#160;</td>
          </tr>
          <tr>
            <td colspan="3" valign="top" width="92%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">(Address,
                Including Zip Code, and Telephone Number, Including Area Code, of
                Registrant&#8217;s Principal Executive
                Offices)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center">
      <hr style="COLOR: black" align="center" noshade size="1" width="15%">
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="92%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>MURPHY
                OIL CORPORATION</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>2007
                LONG-TERM INCENTIVE PLAN</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>MURPHY
                OIL CORPORATION EMPLOYEE STOCK PURCHASE PLAN</strong></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="92%">&#160;</td>
          </tr>
          <tr>
            <td valign="top" width="92%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">(Full
                Title of the Plans)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="92%">
              <hr style="COLOR: black" align="center" noshade size="1" width="15%">
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td colspan="7" valign="top" width="92%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Steven
                A. Coss&#233;, Esq.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Senior
                Vice President and General Counsel</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">200
                Peach Street</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Post
                Office Box 7000</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">El
                Dorado, AR 71731-7000</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="7" valign="top" width="92%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">(Name
                and Address of Agent for Service)</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Telephone
                number, including area code, of agent for service: (870)
                862-6411</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="7" valign="top" width="92%">
              <div align="left">&#160;

                <hr style="COLOR: black" align="center" noshade size="1" width="15%">
              </div>
            </td>
          </tr>
          <tr>
            <td colspan="7" valign="top" width="92%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong><em>Copy
                to:</em></strong></font></div>
            </td>
          </tr>
          <tr>
            <td colspan="7" valign="top" width="92%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Barbara
                Nims, Esq.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Davis
                Polk &amp; Wardwell</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">450
                Lexington Avenue</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">New
                York, NY 10017</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(212)
                450-4000</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="6" valign="bottom" width="91%" style="border-bottom: black thin solid;">&#160;</td>
          </tr>
          <tr>
            <td colspan="6" valign="bottom" width="91%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>CALCULATION
                OF REGISTRATION FEE</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" width="34%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><strong>Title
                Of Securities To Be Registered</strong></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><sup><strong>(1)</strong></sup></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
            </td>
            <td valign="bottom" width="16%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>Amount
                To Be Registered</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
            </td>
            <td valign="bottom" width="14%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>Proposed
                Maximum Offering Price Per Share</strong></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><sup><strong>(2)</strong></sup></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
            </td>
            <td colspan="2" valign="bottom" width="14%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>Proposed
                Maximum Aggregate Offering Price</strong></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><sup><strong>(3)</strong></sup></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
            </td>
            <td valign="bottom" width="14%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>Amount
                Of </strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>Registration
                Fee</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="34%" style="border-bottom: black double;">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 9.35pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Murphy
                Oil Corporation Common Stock, par value $1.00 per share</font></div>
            </td>
            <td valign="bottom" width="16%" style="border-bottom: black double;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">7,080,000
                (4)</font></div>
            </td>
            <td valign="bottom" width="14%" style="border-bottom: black double;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">$57.04</font></div>
            </td>
            <td valign="bottom" width="14%" style="border-bottom: black double;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">$403,843,200</font></div>
            </td>
            <td colspan="2" valign="bottom" width="14%" style="border-bottom: black double;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">$12,397.99</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(1)&#160;&#160;
      </font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">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 (&#8220;the Rights&#8221;). Until the occurrence of certain
      prescribed events, the Rights are not exercisable, are evidenced by the
      certificates for Murphy Oil Corporation Common Stock (&#8220;Common Stock&#8221; or
&#8220;Shares&#8221;) 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></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(2)&#160;&#160;
      </font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Estimated
      solely for the purpose of computing the amount of the registration fee pursuant
      to Rule 457(h) under the Securities Act of 1933, as amended (the &#8220;1933
      Act&#8221;).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(3)&#160;&#160;
      </font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Estimated
      pursuant to Rule 457(c) under the 1933 Act 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 LLC on May 7,
      2007.
</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(4)&#160;&#160;&#160;
      </font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">6,700,000
      Shares of Common Stock are being registered for issuance under the 2007
      Long-Term Incentive Plan (the Plan&#8221;) and 380,000 Shares of Common Stock are
      being registered under the Murphy Oil Corporation Employee Stock Purchase Plan
      (the &#8220;ESPP&#8221;).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
      <hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
        <div style="WIDTH: 100%" align="left">
        </div>
      </div>
    </div><br><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>PART
      I</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>INFORMATION
      REQUIRED IN THE SECTION 10(a) PROSPECTUS</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">The
      information specified in Item 1 and Item 2 of Part I of this Registration
      Statement on Form S-8 (the &#8220;Registration Statement&#8221;) is omitted from this filing
      in accordance with the provisions of Rule 428 under the 1933 Act and the
      introductory note to Part I of the Registration Statement. The documents
      containing the information specified in Part I will be delivered to the
      participants in the Plans covered by this Registration Statement as required
      by
      Rule 428(b)(1).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>PART
      II</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>INFORMATION
      REQUIRED IN THE REGISTRATION STATEMENT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>Item
      3.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>INCORPORATION
      OF DOCUMENTS BY REFERENCE</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Murphy
      Oil
      Corporation (the &#8220;Company&#8221; or the &#8220;Registrant&#8221;) hereby incorporates herein by
      reference the following documents filed pursuant to the Securities Exchange
      Act
      of 1934, as amended (the &#8220;1934 Act&#8221;) (1934 Act File No. 001-08590):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(1)
      The
      Registrant&#8217;s Annual Report on Form 10-K for the year ended December 31,
      2006.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(2)
      All
      documents filed with the Securities and Exchange Commission (the &#8220;Commission&#8221;)
      by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the 1934
      Act subsequent to the filing of such Form 10-K 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></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(3)
      The
      description of the Registrant&#8217;s Common Stock $1.00 par value contained in the
      Registrant&#8217;s 1934 Act registration statement on Form 8-A dated September 12,
      1989, and the rights contained in the Registrant&#8217;s 1934 Act Registration
      Statements, filed as Exhibits 4.4 and 4.5, respectively, to the Company&#8217;s Annual
      Report on Form 10-K for the year ended December 31, 2004, all filed with the
      Commission pursuant to the 1934 Act, including any amendment thereto or report
      filed for the purpose of updating such description.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">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></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>Item
      4.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>DESCRIPTION
      OF SECURITIES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Not
      applicable, see Item 3(3) above.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>Item
      5.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>INTERESTS
      OF NAMED EXPERTS AND COUNSEL</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">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></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><strong>-2-</strong></font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>Item
      6.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>INDEMNIFICATION
      OF DIRECTORS AND OFFICERS</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Section
      145 of the General Corporation Law of the State of Delaware, or the DGCL,
      generally provides that all directors and officers (as well as other employees
      and individuals) may be indemnified against expenses (including attorneys&#8217;
fees), judgments, fines and amounts paid in settlement in connection with
      certain specified actions, suits or proceedings, whether civil, criminal,
      administrative or investigative (other than an action by or in the right of
      the
      corporation, or 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.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Section
      145 of the DGCL also provides that the rights conferred thereby are not
      exclusive of any other right to which any person may be entitled under any
      bylaw, agreement, vote of stockholders or disinterested directors or otherwise,
      and permits a corporation to advance expenses to or on behalf of a person
      entitled to be indemnified upon receipt of an undertaking to repay the amounts
      advanced if it is determined that the person is not entitled to be
      indemnified.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Section
      102(b)(7) of the DGCL permits a corporation to provide in its certificate of
      incorporation that a director of the corporation shall not be personally liable
      to the corporation or its stockholders for monetary damages for breach of
      fiduciary duty as a director, except for liability for any breach of the
      director&#8217;s duty of loyalty to the corporation or its stockholders, for acts or
      omissions not in good faith or which involve intentional misconduct or a knowing
      violation of law, for unlawful payments of dividends or unlawful stock
      repurchases, redemptions or other distributions, or for any transaction from
      which the director derived an improper personal benefit. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">The
      Company&#8217;s Bylaws provide for the following:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Section
      1.(a) Each person (and the heirs, executors or administrators of such person)
      who was or is a party or is threatened to be made a party to, or is involved
      in
      any threatened, pending or completed action, suit or proceeding, whether civil,
      criminal, administrative or investigative, by reason of the fact that such
      person is or was a director or officer of the Company or is or was serving
      at
      the request of the Company as a director or officer of another corporation,
      partnership, joint venture, trust or other enterprise, shall be indemnified
      and
      held harmless by the Company to the fullest extent permitted by Delaware Law.
      The right to indemnification conferred in this Article VIII shall also include
      the right to be paid by the Company the expenses incurred in connection with
      any
      such proceeding in advance of its final disposition to the fullest extent
      authorized by Delaware Law. The right to indemnification conferred in this
      Article VIII shall be a contract right. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(b)
      The
      Company may, by action of its board of directors, provide indemnification to
      such of the employees and agents of the Company to such extent and to such
      effect as the board of directors shall determine to be appropriate and
      authorized by Delaware Law. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Section
      2.
      The Company shall have power to purchase and maintain insurance on behalf of
      any
      person who is or was a director, officer, employee or agent of the Company,
      or
      is or was serving at the request of the Company as a director, officer, employee
      or agent of another corporation, partnership, joint venture, trust or other
      enterprise against any expense, liability or loss incurred by such person in
      any
      such capacity or arising out of such person&#8217;s status as such, whether or not the
      Company would have the power to indemnify such person against such liability
      under Delaware Law. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">In
      addition, the Registrant has purchased and maintains directors&#8217; and officers&#8217;
liability insurance.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>Item
      7.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>EXEMPTION
      FROM REGISTRATION CLAIMED</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Not
      Applicable.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><strong>-3-</strong></font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>Item
      8.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>EXHIBITS</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left">
      <div align="center">
        <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

            <tr bgcolor="white">
              <td colspan="2" width="7%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Exhibit
                  </font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify"><u><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Number</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">&#160;</font></u></div>
              </td>
              <td width="3%">&#160;</td>
              <td valign="bottom" width="90%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><u>Exhibit</u></font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td valign="top" width="3%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">4.1</font></div>
              </td>
              <td width="3%">&#160;</td>
              <td width="90%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Certificate
                  of Incorporation of the Registrant, as amended, effective May 11,
                  2005,
                  filed as Exhibit 3.1 to the Registrant&#8217;s Form 10-Q report for the
                  quarterly period ended June 30, 2005, filed on August 5, 2005 (1934
                  Act
                  File No. 001-08590).*</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="90%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
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                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">4.2</font></div>
              </td>
              <td width="3%">&#160;</td>
              <td width="90%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">By-Laws
                  of Registrant, as amended February 7, 2007 , filed as Exhibit 3.2
                  to the
                  Registrant&#8217;s Form 8-K dated February 12, 2007 (1934 Act File No.
                  001-08590).*</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="90%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td valign="top" width="3%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">4.3</font></div>
              </td>
              <td width="3%">&#160;</td>
              <td width="90%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Rights
                  Agreement dated as of December 6, 1989 between Murphy Oil Corporation
                  and
                  Harris Trust Company of New York, as Rights Agent, filed as Exhibit
                  4.3 of
                  Form 10-K for the year ended December 31, 2004, filed on March
                  16, 2005
                  (1934 Act File No. 001-08590).*</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="90%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td valign="top" width="3%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">4.4</font></div>
              </td>
              <td width="3%">&#160;</td>
              <td width="90%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Amended
                  Rights Agreement dated as of April 6, 1998 (&#8220;Amendment No. 1&#8221;) to the
                  Rights Agreement dated as of December 6, 1989 (the &#8220;Original Agreement&#8221;)
                  between Murphy Oil Corporation and Harris Trust Company of New
                  York, as
                  Rights Agent, filed as Exhibit 4.4 of Form 10-K for the year ended
                  December 31, 2004, filed on March 16, 2005 (1934 Act File No.
                  001-08590).*</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="90%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td valign="top" width="3%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">4.5</font></div>
              </td>
              <td width="3%">&#160;</td>
              <td width="90%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Amendment
                  No. 2 dated as of April 15, 1999 to the Rights Agreement dated
                  as of
                  December 6, 1989, as amended by Amendment No. 1 dated as of April
                  6, 1998
                  between Murphy Oil Corporation and Harris Trust Company of New
                  York, as
                  Rights Agent, filed as Exhibit 4.5 of Murphy&#8217;s Form 10-K report for the
                  year ended December 31, 2004, filed on March 16, 2005 (1934 Act
                  File No.
                  001-08590).*</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="90%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">5.1</font></div>
              </td>
              <td width="3%">&#160;</td>
              <td width="90%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Opinion
                  of Walter K. Compton, Esq.</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="90%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">23.1</font></div>
              </td>
              <td width="3%">&#160;</td>
              <td width="90%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Consent
                  of KPMG LLP, Independent Registered Public Accounting
                  Firm.</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="90%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">23.2</font></div>
              </td>
              <td width="3%">&#160;</td>
              <td width="90%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Consent
                  of Walter K. Compton, Esq. (included in Exhibit 5.1).</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="90%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">24</font></div>
              </td>
              <td width="3%">&#160;</td>
              <td width="90%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Power
                  of Attorney (included on the signature pages of this Registration
                  Statement).</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="90%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">99.1</font></div>
              </td>
              <td width="3%">&#160;</td>
              <td width="90%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Murphy
                  Oil Corporation 2007 Long-Term Incentive Plan.</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="90%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="4%">&#160;</td>
              <td width="3%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">99.2</font></div>
              </td>
              <td width="3%">&#160;</td>
              <td width="90%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Murphy
                  Oil Corporation Employee Stock Purchase Plan.</font></div>
              </td>
            </tr>
            <tr bgcolor="white">
              <td colspan="4" width="100%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td colspan="4" width="100%">
                <hr style="COLOR: black" align="left" noshade size="1" width="10%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">*Incorporated
                  herein by reference</font></div>
              </td>
            </tr>

        </table>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>Item
      9.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>UNDERTAKINGS</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">The
      undersigned Registrant hereby undertakes:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(1)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">To
      file,
      during any period in which offers or sales are being made, a post-effective
      amendment to this Registration Statement: </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">To
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><strong>-4-</strong></font></div>
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          <hr style="COLOR: black" noshade size="2">
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      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(ii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">To
      reflect
      in the prospectus any facts or events arising after the effective date of this
      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 this Registration Statement;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(iii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">To
      include
      any material information with respect to the plan of distribution not previously
      disclosed in this Registration Statement or any material change to such
      information in this Registration Statement;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><em>provided</em></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">,
      </font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><em>however</em></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">,
      that
      paragraphs (1)(i) and (1)(ii) do not apply if the information required to be
      included in a post-effective amendment by those paragraphs is contained in
      periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of
      the
      1934 Act that are incorporated by reference in this Registration
      Statement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(2)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">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><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><em>bona
      fide</em></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">
      offering
      thereof. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(3)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">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></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(4)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">That,
      for
      the purpose of determining liability under the 1933 Act to any
      purchaser:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">If
      the
      Registrant is relying on Rule 430B:</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(A)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Each
      prospectus filed by the Registrant pursuant to Rule 424(b)(3) shall be deemed
      to
      be part of the registration statement as of the date the filed prospectus was
      deemed part of and included in the registration statement; and </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(B)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Each
      prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7)
      as
      part of a registration statement in reliance on Rule 430B relating to an
      offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose
      of
      providing the information required by section 10(a) of the 1933 Act shall be
      deemed to be part of and included in the registration statement as of the
      earlier of the date such form of prospectus is first used after effectiveness
      or
      the date of the first contract of sale of securities in the offering described
      in the prospectus. As provided in Rule 430B, for liability purposes of the
      issuer and any person that is at that date an underwriter, such date shall
      be
      deemed to be a new effective date of the registration statement relating to
      the
      securities in the registration statement to which that prospectus relates,
      and
      the offering of such securities at that time shall be deemed to be the initial
      </font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><em>bona
      fide</em></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">
      offering
      thereof. </font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><em>Provided,
      however</em></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">,
      that no
      statement made in a registration statement or prospectus that is part of the
      registration statement or made in a <font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">document
      incorporated or deemed incorporated by reference into the registration statement
      or prospectus that is part of the registration statement will, as to a purchaser
      with a time of contract of sale prior to such effective date, supersede or
      modify any statement that was made in the registration statement or prospectus
      that was part of the registration statement or made in any such document
      immediately prior to such effective date; or </font></font>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(ii)
        If
        the Registrant is subject to Rule 430C, each prospectus filed pursuant to
        Rule
        424(b) as part of a registration statement relating to an offering, other
        than
        registration statements relying on Rule 430B or other than prospectuses filed
        in
        reliance on Rule 430A, shall be deemed to be part of and included in the
        registration statement as of the date it is first used after effectiveness.
        </font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Provided,
        however</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">,
        that no
        statement made in a registration statement or prospectus that is part of
        the
        registration statement or made in a </font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><strong>-5-</strong></font></div>
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        </div>
      </div>
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        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">document
      incorporated or deemed incorporated by reference into the registration statement
      or prospectus that is part of the registration statement will, as to a purchaser
      with a time of contract of sale prior to such first use, supersede or modify
      any
      statement that was made in the registration statement or prospectus that was
      part of the registration statement or made in any such document immediately
      prior to such date of first use.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(5)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">That,
      for
      the purpose of determining liability of the Registrant under the 1933 Act to
      any
      purchaser in the initial distribution of the securities:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">The
      undersigned Registrant undertakes that in a primary offering of securities
      of
      the undersigned Registrant pursuant to this Registration Statement, regardless
      of the underwriting method used to sell the securities to the purchaser, if
      the
      securities are offered or sold to such purchaser by means of any of the
      following communications, the undersigned Registrant will be a seller to the
      purchaser and will be considered to offer or sell such securities to such
      purchaser:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Any
      preliminary prospectus or prospectus of the undersigned Registrant relating
      to
      the offering required to be filed pursuant to Rule 424;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(ii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Any
      free
      writing prospectus relating to the offering prepared by or on behalf of the
      undersigned Registrant or used or referred to by the undersigned
      Registrant;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(iii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">The
      portion of any other free writing prospectus relating to the offering containing
      material information about the undersigned Registrant or its securities provided
      by or on behalf of the undersigned Registrant; and</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">(iv)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Any
      other
      communication that is an offer in the offering made by the undersigned
      Registrant to the purchaser.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">The
      undersigned Registrant hereby undertakes that, for purposes of determining
      any
      liability under the 1933 Act each filing of the Registrant&#8217;s annual report
      pursuant to Section 13(a) or Section 15(d) of the 1934 Act (and, where
      applicable, each filing of an employee benefit plan&#8217;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><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><em>bona
      fide</em></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">
      offering
      thereof. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">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></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><strong>-6-</strong></font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><em>The
      Registrant</em></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">.
      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&#160;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 May 9, 2007.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="left">
      <table border="0" cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td width="50%">&#160;</td>
            <td align="left" colspan="3" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">MURPHY
                OIL CORPORATION</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td width="50%" style="border-bottom: medium none;">&#160;</td>
            <td align="left" valign="top" width="3%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">By:</font></div>
            </td>
            <td align="left" colspan="2" valign="top" width="47%" style="border-bottom: medium none;">/s/
              Walter K. Compton</td>
          </tr>
          <tr>
            <td width="50%">&#160;</td>
            <td align="left" valign="top" width="3%">&#160;</td>
            <td align="left" colspan="2" valign="top" width="47%">
              <hr style="COLOR: black" align="left" noshade size="1" width="65%">
            </td>
          </tr>
          <tr>
            <td width="50%">&#160;</td>
            <td align="left" valign="top" width="3%">&#160;</td>
            <td align="left" valign="top" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Name:</font></div>
            </td>
            <td align="left" valign="top" width="42%">Walter K. Compton</td>
          </tr>
          <tr>
            <td width="50%">&#160;</td>
            <td align="left" valign="top" width="3%">&#160;</td>
            <td align="left" valign="top" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Title:</font></div>
            </td>
            <td align="left" valign="top" width="42%">Secretary</td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><strong>-7-</strong></font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>POWER
      OF ATTORNEY</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">KNOW
      ALL
      MEN BY THESE PRESENTS, that each person whose signature appears below,
      constitutes and appoints Steven A. Coss&#233; 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, as amended
      (the &#8220;1933 Act&#8221;) and any requirements of the Securities and Exchange Commission
      (the &#8220;Commission&#8221;) in respect thereof, in connection with the filing with the
      Commission of the registration statement on Form S-8 under the 1933 Act, as
      amended, 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 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></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Act of 1933, as amended, this Registration
      Statement has been signed below by the following persons in the capacities
      on
      May 9, 2007.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="bottom" width="33%" style="border-bottom: #ffffff thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><strong><u>Signature</u></strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td valign="bottom" width="35%" style="border-bottom: #ffffff thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><strong><u>Title</u></strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%" style="border-bottom: black thin solid;">/s/
<font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">William
              C. Nolan, Jr.</font></td>
            <td align="left" valign="bottom" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Chairman
                and Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">William
                C. Nolan, Jr.</font></div>
            </td>
            <td align="left" valign="top" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%">&#160;</td>
            <td align="left" valign="bottom" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">/s/
                Claiborne P. Deming</font></div>
            </td>
            <td align="left" valign="bottom" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">President
                and Chief Executive Officer and Director (Principal Executive
                Officer)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%">
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                P. Deming</font></div>
            </td>
            <td align="left" valign="top" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%">&#160;</td>
            <td align="left" valign="bottom" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%" style="border-bottom: black thin solid;">/s/
<font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Frank
              W. Blue</font>&#160;</td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Frank
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            <td align="left" valign="top" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%">&#160;</td>
            <td align="left" valign="bottom" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%" style="border-bottom: black thin solid;">/s/
<font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Robert
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            <td align="left" valign="bottom" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Robert
                A. Hermes</font></div>
            </td>
            <td align="left" valign="top" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%">&#160;</td>
            <td align="left" valign="bottom" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">/s/
                James V. Kelley</font></div>
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            <td align="left" valign="bottom" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">James
                V. Kelley</font></div>
            </td>
            <td valign="top" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%">
            </td>
            <td valign="bottom" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%" style="border-bottom: black thin solid;">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">/s/
                R. Madison Murphy</font></div>
            </td>
            <td valign="bottom" width="35%" style="border-bottom: #ffffff solid;">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">R.
                Madison Murphy</font></div>
            </td>
            <td valign="top" width="35%">&#160;</td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><strong>-8-</strong></font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div>&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="bottom" width="33%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">/s/
                Ivar B. Ramberg</font></div>
            </td>
            <td align="left" valign="bottom" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Ivar
                B. Ramberg</font></div>
            </td>
            <td align="left" valign="top" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%">&#160;</td>
            <td align="left" valign="bottom" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">/s/
                Neal E. Schmale</font></div>
            </td>
            <td align="left" valign="bottom" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Neal
                E. Schmale</font></div>
            </td>
            <td align="left" valign="top" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%">&#160;</td>
            <td align="left" valign="bottom" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">/s/
                David J.H. Smith</font></div>
            </td>
            <td align="left" valign="bottom" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">David
                J.H. Smith</font></div>
            </td>
            <td align="left" valign="top" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%">&#160;</td>
            <td align="left" valign="bottom" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">/s/
                Caroline G. Theus</font></div>
            </td>
            <td align="left" valign="bottom" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Director</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Caroline
                G. Theus</font></div>
            </td>
            <td align="left" valign="top" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%">&#160;</td>
            <td align="left" valign="bottom" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">/s/
                Kevin G. Fitzgerald</font></div>
            </td>
            <td align="left" valign="bottom" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Senior
                Vice President and Chief Financial Officer (Principal Financial
                Officer)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Kevin
                G. Fitzgerald</font></div>
            </td>
            <td align="left" valign="top" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%">&#160;</td>
            <td align="left" valign="bottom" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="33%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">/s/
                John W. Eckart</font></div>
            </td>
            <td align="left" valign="bottom" width="35%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Vice
                President and Controller (Principal Accounting Officer)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">John
                W. Eckart</font></div>
            </td>
            <td align="left" valign="top" width="35%">&#160;</td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><strong>-9-</strong></font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman"><strong>INDEX
      TO EXHIBITS</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="bottom" width="11%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><strong><u>Exhibit
                Number</u></strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td valign="bottom" width="55%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><strong><u>Exhibit</u></strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="11%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 27.1pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">4.1</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td align="left" valign="bottom" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Certificate
                of Incorporation of the Registrant, as amended, effective May 11,
                2005,
                filed as Exhibit 3.1 to the Registrant&#8217;s Form 10-Q report for the
                quarterly period ended June 30, 2005, filed on August 5, 2005 (1934
                Act
                File No. 001-08590).*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="11%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 27.1pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">4.2</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td align="left" valign="bottom" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">By-Laws
                of Registrant, as amended February 7, 2007 , filed as Exhibit 3.2
                to the
                Registrant&#8217;s Form 8-K dated February 12, 2007 (1934 Act File No.
                001-08590).*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="11%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 27.1pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">4.3</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td align="left" valign="bottom" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Rights
                Agreement dated as of December 6, 1989 between Murphy Oil Corporation
                and
                Harris Trust Company of New York, as Rights Agent, filed as Exhibit
                4.3 of
                Form 10-K for the year ended December&#160;31, 2004, filed on March 16,
                2005 (1934 Act File No. 001-08590).*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="11%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 27.1pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">4.4</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td align="left" valign="bottom" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Amended
                Rights Agreement dated as of April 6, 1998 (&#8220;Amendment No. 1&#8221;) to the
                Rights Agreement dated as of December 6, 1989 (the &#8220;Original Agreement&#8221;)
                between Murphy Oil Corporation and Harris Trust Company of New York,
                as
                Rights Agent, filed as Exhibit 4.4 of Form 10-K for the year ended
                December 31, 2004, filed on March 16, 2005 (1934 Act File No.
                001-08590).*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="11%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 27.1pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">4.5</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td align="left" valign="bottom" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Amendment
                No. 2 dated as of April 15, 1999 to the Rights Agreement dated as
                of
                December 6, 1989, as amended by Amendment No. 1 dated as of April
                6, 1998
                between Murphy Oil Corporation and Harris Trust Company of New York,
                as
                Rights Agent, filed as Exhibit 4.5 of Murphy&#8217;s Form 10-K report for the
                year ended December 31, 2004, filed on March 16, 2005 (1934 Act File
                No.
                001-08590).*</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="11%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 27.1pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">5.1</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td align="left" valign="bottom" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Opinion
                of Walter K. Compton, Esq.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="11%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 27.1pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">23.1</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td align="left" valign="bottom" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Consent
                of KPMG LLP, Independent Registered Public Accounting Firm.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="11%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 27.1pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">23.2</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td align="left" valign="bottom" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Consent
                of Walter K. Compton, Esq. (included in Exhibit 5.1).</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="11%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 27.1pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">24</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td align="left" valign="bottom" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Power
                of Attorney (included on the signature pages of this Registration
                Statement).</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="11%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 27.1pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">99.1</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td align="left" valign="bottom" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Murphy
                Oil Corporation 2007 Long-Term Incentive Plan.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="11%">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 27.1pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">99.2</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
            <td align="left" valign="bottom" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Murphy
                Oil Corporation Employee Stock Purchase Plan.</font></div>
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      Incorporated herein by reference.</font></div>
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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": "333-142789", "film-number": "07833764"}, "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"}}
Unassociated Document
As
      filed with the Securities and Exchange Commission on _______ __,
      2007
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
                Number)
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
2007
                LONG-TERM INCENTIVE PLAN
MURPHY
                OIL CORPORATION EMPLOYEE STOCK PURCHASE PLAN
(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
7,080,000
                (4)
$57.04
$403,843,200
$12,397.99
(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" or
"Shares") 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(h) under the Securities Act of 1933, as amended (the "1933
      Act").
(3)
Estimated
      pursuant to Rule 457(c) under the 1933 Act 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 LLC on May 7,
      2007.
(4)
6,700,000
      Shares of Common Stock are being registered for issuance under the 2007
      Long-Term Incentive Plan (the Plan") and 380,000 Shares of Common Stock are
      being registered under the Murphy Oil Corporation Employee Stock Purchase Plan
      (the "ESPP").
PART
      I
INFORMATION
      REQUIRED IN THE SECTION 10(a) PROSPECTUS
The
      information specified in Item 1 and Item 2 of Part I of this Registration
      Statement on Form S-8 (the "Registration Statement") is omitted from this filing
      in accordance with the provisions of Rule 428 under the 1933 Act and the
      introductory note to Part I of the Registration Statement. The documents
      containing the information specified in Part I will be delivered to the
      participants in the Plans covered by this Registration Statement as required
      by
      Rule 428(b)(1).
PART
      II
INFORMATION
      REQUIRED IN THE REGISTRATION STATEMENT
Item
      3.
INCORPORATION
      OF DOCUMENTS BY REFERENCE
Murphy
      Oil
      Corporation (the "Company" or 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. 001-08590):
(1)
      The
      Registrant's Annual Report on Form 10-K for the year ended December 31,
      2006.
(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 filing of such Form 10-K 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 contained in the
      Registrant's 1934 Act registration statement on Form 8-A dated September 12,
      1989, and the rights contained in the Registrant's 1934 Act Registration
      Statements, filed as Exhibits 4.4 and 4.5, respectively, to the Company's Annual
      Report on Form 10-K for the year ended December 31, 2004, all 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.
-2-
Item
      6.
INDEMNIFICATION
      OF DIRECTORS AND OFFICERS
Section
      145 of the General Corporation Law of the State of Delaware, or the DGCL,
      generally provides that all directors and officers (as well as other employees
      and individuals) may be indemnified against expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement in connection with
      certain specified actions, suits or proceedings, whether civil, criminal,
      administrative or investigative (other than an action by or in the right of
      the
      corporation, or 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.
Section
      145 of the DGCL also provides that the rights conferred thereby are not
      exclusive of any other right to which any person may be entitled under any
      bylaw, agreement, vote of stockholders or disinterested directors or otherwise,
      and permits a corporation to advance expenses to or on behalf of a person
      entitled to be indemnified upon receipt of an undertaking to repay the amounts
      advanced if it is determined that the person is not entitled to be
      indemnified.
Section
      102(b)(7) of the DGCL permits a corporation to provide in its certificate of
      incorporation that a director of the corporation shall not be personally liable
      to the corporation or its stockholders for monetary damages for breach of
      fiduciary duty as a director, except for liability for any breach of the
      director's duty of loyalty to the corporation or its stockholders, for acts or
      omissions not in good faith or which involve intentional misconduct or a knowing
      violation of law, for unlawful payments of dividends or unlawful stock
      repurchases, redemptions or other distributions, or for any transaction from
      which the director derived an improper personal benefit.
The
      Company's Bylaws provide for the following:
Section
      1.(a) Each person (and the heirs, executors or administrators of such person)
      who was or is a party or is threatened to be made a party to, or is involved
      in
      any threatened, pending or completed action, suit or proceeding, whether civil,
      criminal, administrative or investigative, by reason of the fact that such
      person is or was a director or officer of the Company or is or was serving
      at
      the request of the Company as a director or officer of another corporation,
      partnership, joint venture, trust or other enterprise, shall be indemnified
      and
      held harmless by the Company to the fullest extent permitted by Delaware Law.
      The right to indemnification conferred in this Article VIII shall also include
      the right to be paid by the Company the expenses incurred in connection with
      any
      such proceeding in advance of its final disposition to the fullest extent
      authorized by Delaware Law. The right to indemnification conferred in this
      Article VIII shall be a contract right.
(b)
      The
      Company may, by action of its board of directors, provide indemnification to
      such of the employees and agents of the Company to such extent and to such
      effect as the board of directors shall determine to be appropriate and
      authorized by Delaware Law.
Section
      2.
      The Company shall have power to purchase and maintain insurance on behalf of
      any
      person who is or was a director, officer, employee or agent of the Company,
      or
      is or was serving at the request of the Company as a director, officer, employee
      or agent of another corporation, partnership, joint venture, trust or other
      enterprise against any expense, liability or loss incurred by such person in
      any
      such capacity or arising out of such person's status as such, whether or not the
      Company would have the power to indemnify such person against such liability
      under Delaware Law.
In
      addition, the Registrant has purchased and maintains directors' and officers'
liability insurance.
Item
      7.
EXEMPTION
      FROM REGISTRATION CLAIMED
Not
      Applicable.
-3-
Item
      8.
EXHIBITS
Exhibit
Number
Exhibit
4.1
Certificate
                  of Incorporation of the Registrant, as amended, effective May 11,
                  2005,
                  filed as Exhibit 3.1 to the Registrant's Form 10-Q report for the
                  quarterly period ended June 30, 2005, filed on August 5, 2005 (1934
                  Act
                  File No. 001-08590).*
4.2
By-Laws
                  of Registrant, as amended February 7, 2007 , filed as Exhibit 3.2
                  to the
                  Registrant's Form 8-K dated February 12, 2007 (1934 Act File No.
                  001-08590).*
4.3
Rights
                  Agreement dated as of December 6, 1989 between Murphy Oil Corporation
                  and
                  Harris Trust Company of New York, as Rights Agent, filed as Exhibit
                  4.3 of
                  Form 10-K for the year ended December 31, 2004, filed on March
                  16, 2005
                  (1934 Act File No. 001-08590).*
4.4
Amended
                  Rights Agreement dated as of April 6, 1998 ("Amendment No. 1") to the
                  Rights Agreement dated as of December 6, 1989 (the "Original Agreement")
                  between Murphy Oil Corporation and Harris Trust Company of New
                  York, as
                  Rights Agent, filed as Exhibit 4.4 of Form 10-K for the year ended
                  December 31, 2004, filed on March 16, 2005 (1934 Act File No.
                  001-08590).*
4.5
Amendment
                  No. 2 dated as of April 15, 1999 to the Rights Agreement dated
                  as of
                  December 6, 1989, as amended by Amendment No. 1 dated as of April
                  6, 1998
                  between Murphy Oil Corporation and Harris Trust Company of New
                  York, as
                  Rights Agent, filed as Exhibit 4.5 of Murphy's Form 10-K report for the
                  year ended December 31, 2004, filed on March 16, 2005 (1934 Act
                  File No.
                  001-08590).*
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 pages of this Registration
                  Statement).
99.1
Murphy
                  Oil Corporation 2007 Long-Term Incentive Plan.
99.2
Murphy
                  Oil Corporation Employee Stock Purchase Plan.
*Incorporated
                  herein by reference
Item
      9.
UNDERTAKINGS
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 1933 Act;
-4-
(ii)
To
      reflect
      in the prospectus any facts or events arising after the effective date of this
      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 this Registration Statement;
(iii)
To
      include
      any material information with respect to the plan of distribution not previously
      disclosed in this Registration Statement or any material change to such
      information in this Registration Statement;
provided
,
however
,
      that
      paragraphs (1)(i) and (1)(ii) do not apply if the information required to be
      included in a post-effective amendment by those paragraphs is contained in
      periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of
      the
      1934 Act that are incorporated by reference in this 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.
(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.
(4)
That,
      for
      the purpose of determining liability under the 1933 Act to any
      purchaser:
(i)
If
      the
      Registrant is relying on Rule 430B:
(A)
Each
      prospectus filed by the Registrant pursuant to Rule 424(b)(3) shall be deemed
      to
      be part of the registration statement as of the date the filed prospectus was
      deemed part of and included in the registration statement; and
(B)
Each
      prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7)
      as
      part of a registration statement in reliance on Rule 430B relating to an
      offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose
      of
      providing the information required by section 10(a) of the 1933 Act shall be
      deemed to be part of and included in the registration statement as of the
      earlier of the date such form of prospectus is first used after effectiveness
      or
      the date of the first contract of sale of securities in the offering described
      in the prospectus. As provided in Rule 430B, for liability purposes of the
      issuer and any person that is at that date an underwriter, such date shall
      be
      deemed to be a new effective date of the registration statement relating to
      the
      securities in the registration statement to which that prospectus relates,
      and
      the offering of such securities at that time shall be deemed to be the initial
bona
      fide
offering
      thereof.
Provided,
      however
,
      that no
      statement made in a registration statement or prospectus that is part of the
      registration statement or made in a
document
      incorporated or deemed incorporated by reference into the registration statement
      or prospectus that is part of the registration statement will, as to a purchaser
      with a time of contract of sale prior to such effective date, supersede or
      modify any statement that was made in the registration statement or prospectus
      that was part of the registration statement or made in any such document
      immediately prior to such effective date; or
(ii)
        If
        the Registrant is subject to Rule 430C, each prospectus filed pursuant to
        Rule
        424(b) as part of a registration statement relating to an offering, other
        than
        registration statements relying on Rule 430B or other than prospectuses filed
        in
        reliance on Rule 430A, shall be deemed to be part of and included in the
        registration statement as of the date it is first used after effectiveness.
Provided,
        however
,
        that no
        statement made in a registration statement or prospectus that is part of
        the
        registration statement or made in a
-5-
document
      incorporated or deemed incorporated by reference into the registration statement
      or prospectus that is part of the registration statement will, as to a purchaser
      with a time of contract of sale prior to such first use, supersede or modify
      any
      statement that was made in the registration statement or prospectus that was
      part of the registration statement or made in any such document immediately
      prior to such date of first use.
(5)
That,
      for
      the purpose of determining liability of the Registrant under the 1933 Act to
      any
      purchaser in the initial distribution of the securities:
The
      undersigned Registrant undertakes that in a primary offering of securities
      of
      the undersigned Registrant pursuant to this Registration Statement, regardless
      of the underwriting method used to sell the securities to the purchaser, if
      the
      securities are offered or sold to such purchaser by means of any of the
      following communications, the undersigned Registrant will be a seller to the
      purchaser and will be considered to offer or sell such securities to such
      purchaser:
(i)
Any
      preliminary prospectus or prospectus of the undersigned Registrant relating
      to
      the offering required to be filed pursuant to Rule 424;
(ii)
Any
      free
      writing prospectus relating to the offering prepared by or on behalf of the
      undersigned Registrant or used or referred to by the undersigned
      Registrant;
(iii)
The
      portion of any other free writing prospectus relating to the offering containing
      material information about the undersigned Registrant or its securities provided
      by or on behalf of the undersigned Registrant; and
(iv)
Any
      other
      communication that is an offer in the offering made by the undersigned
      Registrant to the purchaser.
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) 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.
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.
-6-
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 May 9, 2007.
MURPHY
                OIL CORPORATION
By:
/s/
              Walter K. Compton
Name:
Walter K. Compton
Title:
Secretary
-7-
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, as amended
      (the "1933 Act") and any requirements of the Securities and Exchange Commission
      (the "Commission") in respect thereof, in connection with the filing with the
      Commission of the registration statement on Form S-8 under the 1933 Act, as
      amended, 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 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, as amended, this Registration
      Statement has been signed below by the following persons in the capacities
      on
      May 9, 2007.
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/
Frank
              W. Blue
Director
Frank
                W. Blue
/s/
Robert
              A. Hermes
Director
Robert
                A. Hermes
/s/
                James V. Kelley
Director
James
                V. Kelley
/s/
                R. Madison Murphy
Director
R.
                Madison Murphy
-8-
/s/
                Ivar B. Ramberg
Ivar
                B. Ramberg
Director
/s/
                Neal E. Schmale
Director
Neal
                E. Schmale
/s/
                David J.H. Smith
Director
David
                J.H. Smith
/s/
                Caroline G. Theus
Director
Caroline
                G. Theus
/s/
                Kevin G. Fitzgerald
Senior
                Vice President and Chief Financial Officer (Principal Financial
                Officer)
Kevin
                G. Fitzgerald
/s/
                John W. Eckart
Vice
                President and Controller (Principal Accounting Officer)
John
                W. Eckart
-9-
INDEX
      TO EXHIBITS
Exhibit
                Number
Exhibit
4.1
Certificate
                of Incorporation of the Registrant, as amended, effective May 11,
                2005,
                filed as Exhibit 3.1 to the Registrant's Form 10-Q report for the
                quarterly period ended June 30, 2005, filed on August 5, 2005 (1934
                Act
                File No. 001-08590).*
4.2
By-Laws
                of Registrant, as amended February 7, 2007 , filed as Exhibit 3.2
                to the
                Registrant's Form 8-K dated February 12, 2007 (1934 Act File No.
                001-08590).*
4.3
Rights
                Agreement dated as of December 6, 1989 between Murphy Oil Corporation
                and
                Harris Trust Company of New York, as Rights Agent, filed as Exhibit
                4.3 of
                Form 10-K for the year ended December 31, 2004, filed on March 16,
                2005 (1934 Act File No. 001-08590).*
4.4
Amended
                Rights Agreement dated as of April 6, 1998 ("Amendment No. 1") to the
                Rights Agreement dated as of December 6, 1989 (the "Original Agreement")
                between Murphy Oil Corporation and Harris Trust Company of New York,
                as
                Rights Agent, filed as Exhibit 4.4 of Form 10-K for the year ended
                December 31, 2004, filed on March 16, 2005 (1934 Act File No.
                001-08590).*
4.5
Amendment
                No. 2 dated as of April 15, 1999 to the Rights Agreement dated as
                of
                December 6, 1989, as amended by Amendment No. 1 dated as of April
                6, 1998
                between Murphy Oil Corporation and Harris Trust Company of New York,
                as
                Rights Agent, filed as Exhibit 4.5 of Murphy's Form 10-K report for the
                year ended December 31, 2004, filed on March 16, 2005 (1934 Act File
                No.
                001-08590).*
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 pages of this Registration
                Statement).
99.1
Murphy
                Oil Corporation 2007 Long-Term Incentive Plan.
99.2
Murphy
                Oil Corporation Employee Stock Purchase Plan.
___________________________
*
      Incorporated herein by reference.
-10-