Murphy Oil Corporation Announces Pricing of $600 Million of 6.000% Senior Notes Due 2032 Page 1

Murphy Oil Corporation (the “Company”) (NYSE: MUR) today announced that it has priced an offering of $600 million of 6.000% Senior Notes due 2032, pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (“SEC”).

The Company expects to close the offering on October 3, 2024, subject to customary closing conditions, and expects to use the net proceeds of the offering, together with available cash, to (i) fund the previously announced cash tender offers (the “Tendering Offers”) to purchase up to $600 million aggregate principal amount of its outstanding 5.875% Senior Notes due 2027, 6.375% Senior Notes due 2028 and 7.050% Senior Notes due 2029 (collectively, the “Tendering Offers”) pursuant to the terms and conditions set forth in the Offer to Purchase for the Tender Offers and (ii) pay all related premiums, fees and expenses.