UK RETAIL BUSINESS UPDATE
11.08.2014 | Globenewswire Europe
EL DORADO, Arkansas, August 11, 2014 - Murphy Oil Corp. (NYSE:MUR)announced that its wholly-owned subsidiary, Murco Petroleum Limited ("Murco"),
has signed an agreement to sell its retail gasoline assets to Motor Fuel Group.
This transaction is scheduled to close no later than September 30, 2014.
Media Enquiries
Bell Pottinger 0207 861 3800
Mark Antelme mantelme@bell-pottinger.com
Charles Stewart cstewart@bell-pottinger.com
Disclaimer
This press release contains forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. These statements, which express
management's current views concerning future events or results, are subject to
inherent risks and uncertainties. Factors that could cause one or more of the
events forecasted in this press release not to occur include, but are not
limited to, a deterioration in the business or prospects of Murphy, adverse
developments in Murphy's markets, or adverse developments in the U.S. or global
capital markets, credit markets or economies generally. Factors that could cause
actual results to differ materially from those expressed or implied in our
forward-looking statements include, but are not limited to, the volatility and
level of crude oil and natural gas prices, the level and success rate of our
exploration programs, our ability to maintain production rates and replace
reserves, political and regulatory instability, uncontrollable natural hazards
and a failure to execute a sale of the U.K. downstream operations on acceptable
terms. For further discussion of risk factors, see both Murphy's 2013 Annual
Report on Form 10-K and Form 10-Q for the quarterly period ended September
30, 2014, on file with the U.S. Securities and Exchange Commission. Murphy
undertakes no duty to publicly update or revise any forward-looking statements.
For further information contact: Barry Jeffery, VP of Investor Relations
870.864.6501
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Murphy Oil Corp. via GlobeNewswire
[HUG#1848171]
