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Increased Production and Higher Prices Nearly Triple Murphy Oil's Quarterly Income

SUGAR LAND--November 3, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--On October 29, Murphy Oil Corporation (NYSE:MUR) (El Dorado, Arkansas) announced third quarter 2008 earnings. Like other larger oil companies, Murphy's third-quarter profits rocketed up from last year. The company's third quarter net income nearly tripled to $584.4 million in 3Q08, compared to $199.5 million in 3Q07. In addition to an estimated $6 billion sour-crude conversion project that is currently in the planning stages at one of Murphy's refineries, Industrial Info is tracking $230 million of Murphy's projects.

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