Murphy Oil Corporation operates under the direction of an active and involved Board of Directors. The Board has six scheduled meetings per year at which it reviews and discusses detailed reports by management on the performance of the Company, our plans and prospects, as well as immediate issues we confront. In 1993, we established a Public Policy and Environmental (PPE) Board Committee—one of the first in the industry to do so. The Committee’s job is to provide the management team with guidance and support in developing Murphy’s environmental initiatives and in preparing the Company for challenges that lay ahead. In 2008, the PPE Board Committee changed the name of the committee to the Environmental, Health and Safety committee to more closely correlate with its activities and responsibilities. The group receives environmental updates semi-annually, and in conjunction with Murphy management, the Committee reviews compliance reports, establishes goals, studies audited carbon dioxide (CO2) emissions data, safety data and explores alternative energy opportunities.

Since 2000, Murphy has spent nearly $800 Million on environmental expenditures to reduce emissions, improve technology, produce clean fuels and increase energy efficiencies.

Environmental Health and Safety Working Committee

Recognizing the need for a more unified and transparent environmental and global climate change policy, Murphy recently formed a Climate Change Workgroup. This workgroup is composed of members from various support and operational functions. Due to the long-term and strategic impact of global climate change and the initiatives that will be required to implement Murphy’s new policy, the Committee is currently chaired by Murphy’s Corporate Director of Environmental, Health and Safety. Members of the Committee include representatives from Corporate Safety, Law, Treasury and Investor Relations, as well as representatives from operating companies, both upstream and downstream. The workgroup reports directly to the Executive V.P. Downstream. The workgroup also works as an adjunct and reports regularly to the Environmental, Health and Safety Committee of Murphy’s Board of Directors.