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Increased Production and Higher Prices Nearly Triple Murphy Oil's Quarterly Income, an Industrial Info News Alert

Posted on: Monday, 3 November 2008, 09:00 CST

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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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to oilandgasproductiongroup@industrialinfo.com or visit our website at www.industrialinfo.com.

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 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources

Source: MARKET WIRE

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