EXHIBIT 10.1

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AMENDMENT TO SEVERANCE PROTECTION AGREEMENT

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This Amendment (this “Amendment”) to the Severance Protection Agreement, dated
as of August 7, 2013 (the “Severance Protection Agreement”), by and between
Murphy Oil Corporation (the “Company”) and Roger W. Jenkins (“Executive”), is
entered into as of February 5, 2019. Unless otherwise indicated, capitalized
terms used in this Amendment shall have the meanings as set forth in the
Severance Protection Agreement.  

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W I T N E S E T H:

WHEREAS, the Company and the Executive desire to amend the Severance Protection
Agreement as set forth herein;

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NOW, THEREFORE, in consideration of the foregoing premises and for other good
and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

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1.Item (i) of the definition of “Good Reason” in Section 15 of the Severance
Protection Agreement is replaced in its entirety with the following:

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“(i) a material reduction in Executive’s base salary, annual bonus opportunity
or long-term incentive award opportunity,”

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[Signature Page Follows]

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IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by its
duly authorized officer, and the Executive has executed this Amendment, in each
case, as of the date first above written.

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MURPHY OIL CORPORATION

By:

/s/ Walter K. Compton

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Name: Walter K. Compton

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Title: Executive Vice President & General Counsel

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EXECUTIVE

By:

/s/ Roger W. Jenkins

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Name: Roger W. Jenkins

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