Murphy Oil Corporation Announces Early Results of Cash Tender Offers for Outstanding Debt Securities

Murphy Oil Corporation (NYSE: MUR) (“Murphy” or the “Company”) announced today the early tender results of its previously announced series of tender offers (the “Tender Offers”) to purchase for cash certain of its outstanding series of senior notes listed in the table below (collectively, the “Notes”) for an aggregate purchase price, excluding accrued and unpaid interest, of up to $200,000,000 (the “Maximum Aggregate Cap”). The Tender Offers are being made pursuant to the terms and conditions set forth in the Offer to Purchase, dated August 1, 2022 (the “Offer to Purchase”). The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers.

As of 5:00 p.m., New York City time, on August 12, 2022 (such date and time, the “Early Tender Date”), according to information provided to Global Bondholder Services Corporation, the tender and information agent for the Tender Offers, the aggregate principal amount of each series of Notes listed in the table below has been validly tendered and not validly withdrawn in each Tender Offer. Withdrawal rights for the Notes expired at 5:00 p.m., New York City time, on the Early Tender Date.

Title of Security

CUSIP Number

Principal Amount Outstanding

Maximum SubCap(1)

Acceptance Priority Level(2)

Principal Amount Tendered at Early Tender Date

Percentage of Outstanding Notes Tendered

Total Consideration (3) (4)

Aggregate Principal Amount Accepted for Purchase

Aggregate Purchase Price

5.750% Senior Notes due 2025

626717 AJ1 / US626717AJ13

$548,675,000

$100,000,000

1

$162,906,000

29.69%

$1,010.00

$100,000,000