Nature of Business and Interim Financial Statements (Policies)

9 Months Ended

Sep. 30, 2016

Nature of Business and Interim Financial Statements [Abstract]

Nature of Business

NATURE OF BUSINESS – Murphy Oil Corporation is an international oil and gas company that conducts its business through various operating subsidiaries.  The Company produces oil and natural gas in the United States, Canada and Malaysia and conducts oil and natural gas exploration activities worldwide.  The Company sold its interest in a Canadian synthetic oil operation in the second quarter of 2016.  The Company acquired 70% interest in Duvernay Shale and a 30% interest in liquids rich Montney properties during the second quarter 2016.