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Murphy Oil Corporation: Industry Leadership – A Vision Realized - Pat Soldano

Murphy Oil Corporation has a rich and storied history dating back to the early 1900s when our founder, Charles Haywood Murphy, Sr., envisioned becoming an industry leader, first in lumber and banking, and ultimately in oil & gas.

Over the years, the company has grown and evolved to become a leading independent energy company, with strategic assets around the world.

All the while, we have remained true to our mission—to challenge the norm, tap into our strong legacy and use our foresight and financial discipline to deliver inspired energy solutions.

Charles Haywood Murphy, Sr. arrives in El Dorado, Arkansas, to settle the estate of his deceased uncle. Over the next few years, he buys tracks of land, positioning himself for future oil discoveries.

Oil is discovered at the Smackover Field in Union County, Arkansas, by Marine Oil Company. Murphy has a 22% interest, marking Murphy’s official entry in the oil and gas business.

In a joint venture with Sun Oil Company in northeast Louisiana, Murphy discovers the Delhi field, helping the company emerge from the pack of independents.

The company incorporates as Murphy Corporation in Louisiana, four years after Charles H Murphy, Jr. returns from serving in WWII and takes over responsibility of the family business.

Murphy backs the development of a submersible drilling barge that will take offshore rigs into deep waters, enabling deepwater offshore drilling. The prototype was named “Mr. Charlie” and commenced operations in 1954 for Shell Oil Company.

Murphy Corporation goes public on the American Stock Exchange, helping to fund the company’s strategic vision to become an integrated global oil company. Five years later, Murphy Corporation is listed on New York Stock Exchange as MUR.

Murphy Corporation reincorporates in Delaware, changing its name to Murphy Oil Corporation to reflect its major focus of business.

The company enters into Malaysia, acquiring three offshore blocks, setting the company up to maintain a solid presence in Southeast Asia, including in Malaysia and Vietnam, for the next two decades.

Murphy Oil Corporation announces the El Dorado Promise, a $50 million universal scholarship program to fund college tuition for graduates of El Dorado High School (students enrolled since at least 9th grade).

Murphy initiates a strategic shift, repositioning the company as an independent exploration and production company. Over the next few years, the company will divest of its non-strategic assets, including its refining and retail gasoline businesses (Murphy USA Inc.), expanding its exploration portfolio in strategic geographies. Also in 2011, the company celebrated its 50th anniversary of trading on the New York Stock Exchange.

Family Enterprise USA advocates for American Family business. We help family businesses communicate their challenges and contributions to American economic freedom to Legislators. We represent all American family businesses; not just specific industries and provide research to enhance the opportunity for success. We help family businesses continue to establish their unique business legacy. Family Enterprise USA is a 501(c)(3) non-profit organization.. Family foundations can donate.

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Family Enterprise USA is the organization that represents all family businesses on a national level in DC; it is not unique to any industry. Family Enterprise USA is different from other organizations because it represents and advocates for the families of family businesses and the issues, they face running their businesses every day. Our sole mission and purpose is to promote family businesses and their job growth in America. We also support the work of Family Business Centers across the country. We hope your family will choose to be a member of Family Enterprise USA.