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Claiborne Deming, nephew of the late Charles Murphy Jr., joined Murphy Oil in 1979 and was named CEO in 1994.
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At a Glance:As one of the largest operators in the Gulf of Mexico, El Dorado-based Murphy Oil Corp. markets crude oil and natural gas liquids from on- and offshore drilling operations throughout the world. The corporation also is involved in petroleum and natural gas exploration and production operations worldwide and owns or partially owns three refineries. Recent years saw the rise of CEO Claiborne Deming, the company's fourth CEO and grandson of founder Charles H. Murphy Sr., who laid the company's foundation in 1907. Under Deming, Murphy has put its gas pumps at Wal-Mart Supercenter parking lots and expanded refineries. It has also made major oil discoveries in Canada and Malaysia. Murphy Oil made national headlines in 2007 when it announced the El Dorado Promise, which offers to pay college tuition and fees for all El Dorado High School students. Deming retired at the end of 2008 and was succeeded by David Wood, the company's new CEO. In 2008 Murphy was third on Arkansas Business' list of top public companies in the state. It was also No. 134 on the Fortune 500.
More on Murphy Oil Corp.:
Website: http://www.murphyoilcorp.com
SEC Filings on: Murphy Oil Corp.
Yahoo! Finance on: Murphy Oil Corp.
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