Murphy Oil reports tax-basis allocation for Murphy USA spin-off

Murphy Oil Corp.

Murphy Oil Corp. (NYSE:MUR) has announced the allocation of tax basis resulting from the tax-free spin-off Murphy USA Inc.

Based on the relative fair market values of the respective companies on September 3, the first day of trading after distribution, 13.89 percent of a stockholder's tax basis in Murphy Oil Corp. Common Stock should be allocated to the shares of Common Stock in Murphy USA Inc. received pursuant to the distribution described in the Information Statement of Murphy USA Inc. dated August 21.

Murphy Oil Corp. is an independent exploration and production company with a portfolio of global offshore and onshore assets delivering oil-weighted growth. The company produces oil and/or natural gas in the US, Canada, Malaysia and Republic of the Congo, and conducts exploration activities worldwide. 

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