Annual Report (Form 10-K), fiscal year 1994





Item 3. LEGAL PROCEEDINGS.
Information related to legal proceedings contained in Note Q, page 47 of the 1994 Annual Report, which is filed in this 10-K report as Exhibit 13, is incorporated herein. Also, Murphy Oil USA, Inc., which owns and operates two oil refineries in the United States, is a defendant in two governmental actions that: (1) seek monetary sanctions of $100,000 or more, and (2) arise under enacted provisions that regulate the discharge of materials into the environment or have the purpose of protecting the environment. These actions individually or in the aggregate are not material to the financial condition of the Company. In addition, Murphy and its subsidiaries are engaged in a number of other legal proceedings, all of which Murphy considers routine and incidental to its business and none of which is material as defined.
Item 4.

Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
No matters were submitted to a vote of security holders during the fourth quarter of 1994.
PART II
Item 5.

Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
Information required by this item is reported on pages 34 and 39 and in Notes H, I, and J, pages 43 and 44, of the 1994 Annual Report, which is filed in this 10-K report as Exhibit 13.
Item 6.

Item 6. SELECTED FINANCIAL DATA.
Information required by this item appears on page 25 of the 1994 Annual Report, which is filed in this 10-K report as Exhibit 13.
Item 7.

Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.
Information required by this item appears on pages 26 through 33 of the 1994 Annual Report, which is filed in this 10-K report as Exhibit 13.
Item 8.


Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
Information required by this item appears on pages 34 through 54 of the 1994 Annual Report, which is filed in this 10-K report as Exhibit 13.
Item 9.

Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.
None
PART III
Item 10.



Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.
Certain information regarding executive officers of the Company is included in Part I, pages 8 and 9, of this 10-K report. Other information required by this item is incorporated by reference to the Registrant's definitive proxy statement for the annual meeting of stockholders on May 10, 1995, under the caption "Election of Directors."
Item 11.

Item 11. EXECUTIVE COMPENSATION.
Information is incorporated by reference to the Registrant's definitive proxy statement for the annual meeting of stockholders on May 10, 1995, under the captions "Compensation of Directors," "Executive Compensation," "Option Exercises and Fiscal Year-End Values," "Option Grants," "Compensation Committee Report for 1994," "Shareholder Return Performance Presentation," and "Retirement Plans."
Item 12.

Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.
Information is incorporated by reference to the Registrant's definitive proxy statement for the annual meeting of stockholders on May 10, 1995, under the caption "Certain Stock Ownerships."
Item 13.

Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.
Information is incorporated by reference to the Registrant's definitive proxy statement for the annual meeting of stockholders on May 10, 1995, under the caption "Compensation Committee Interlocks and Insider Participation."
PART IV
Item 14.

Item 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K.
(a) 1. FINANCIAL STATEMENTS
The following consolidated financial statements of Murphy Oil Corporation and consolidated subsidiaries are included on the pages indicated of Exhibit 13 to this 10-K report.
(a) 2. FINANCIAL STATEMENT SCHEDULES
Financial statement schedules are omitted because either they are not applicable or the required information is included in the consolidated financial statements or notes thereto.
(a) 3. EXHIBITS
The Exhibit Index on page 13 of this 10-K report lists the exhibits that are hereby filed.
(b) REPORTS ON FORM 8-K
No reports on Form 8-K were filed during the quarter ended December 31, 1994.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
MURPHY OIL CORPORATION
By CLAIBORNE P. DEMING Date: March 28, 1995 --------------------------------- ---------------------------------- Claiborne P. Deming, President
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below on March 28, 1995 by the following persons on behalf of the registrant and in the capacities indicated.
R. MADISON MURPHY MICHAEL W. MURPHY --------------------------------- ---------------------------------- R. Madison Murphy, Chairman and Director Michael W. Murphy, Director
CLAIBORNE P. DEMING WILLIAM C. NOLAN JR. --------------------------------- ---------------------------------- Claiborne P. Deming, President and Chief William C. Nolan Jr., Director Executive Officer and Director (Principal Executive Officer)
B. R. R. BUTLER CAROLINE G. THEUS --------------------------------- ---------------------------------- B. R. R. Butler, Director Caroline G. Theus, Director
H. RODES HART LORNE C. WEBSTER --------------------------------- ---------------------------------- H. Rodes Hart, Director Lorne C. Webster, Director
VESTER T. HUGHES JR. STEVEN A. COSSE --------------------------------- ---------------------------------- Vester T. Hughes Jr., Director Steven A. Cosse, Senior Vice President and General Counsel (Principal Financial Officer)
C. H. MURPHY JR. RONALD W. HERMAN --------------------------------- ---------------------------------- C. H. Murphy Jr., Director Ronald W. Herman, Controller (Principal Accounting Officer)
EXHIBIT INDEX
Exhibits other than those listed above have been omitted since they either are not required or are not applicable.