Jenkins has taken a temporary medical leave.
He is expected to completely recover, the company said. In the interim, Executive Vice President and CFO
Jenkins was the second best-paid officer at Arkansas' public companies in 2018 (trailing only Walmart CEO Doug McMillon). He earned nearly $13.4 million that year, according to the company's proxy statement filed the Securities & Exchange Commission. Murphy Oil has not yet filed a proxy statement for fiscal 2019.
Jenkins was named president and CEO in 2013, after Murphy Oil Corp. completed the spinoff of its retail gas station into another publicly traded company, Murphy USA. Immediately prior to that, Jenkins was the company's executive vice president and COO.
He joined Murphy in 2001, and was named executive vice president of exploration and production in 2009.
Looney serves joined Murphy in 2018. He has 38 years of experience and has held leadership roles at both offshore deepwater Gulf of Mexico and U.S. onshore unconventional exploration and production companies.