FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
MIRELES THOMAS J

(Last) (First) (Middle)
9805 KATY FREEWAY
G-200

(Street)
HOUSTON TX 77024

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MURPHY OIL CORP [ MUR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice President & CFO
3. Date of Earliest Transaction (Month/Day/Year)
01/31/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/31/2023   M   20,109 (1) A $ 0 60,003 D  
Common Stock 01/31/2023   F (2)   8,050 D $ 43.2681 51,953 D  
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Stock Unit (3) (4) 01/31/2023   A   39,860     (4)   (4) Common Stock 39,860 $ 0 185,160 D  
Restricted Stock Unit (5) (4) 01/31/2023   A   13,290     (4) (6)   (4) (6) Common Stock 13,290 $ 0 81,390 D  
Performance Stock Unit (7) (4) 01/31/2023   M     24,800 (1)   (4)   (4) Common Stock 24,800 $ 0 160,360 D  
Explanation of Responses:
1. Represents performance-based Restricted Stock Units (RSUs) that have vested and settled in shares of the Company's stock on a one-for-one basis. Pursuant to the terms of the performance-based grant awarded under the 2018 Long-Term Incentive Plan, the total includes 59% of the original award, plus shares equivalent in value to accumulated dividends.
2. Shares withheld for taxes on RSU vesting.
3. Performance-based restricted stock unit award granted under the 2020 Long-Term Incentive Plan.
4. These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
5. Time-based restricted stock unit award granted under the 2020 Long-Term Incentive Plan.
6. Vest date is January 31, 2026.
7. Performance-based restricted stock unit award granted under the 2018 Long-Term Incentive Plan.
/s/ E. Ted Botner, attorney-in-fact 02/02/2023
** Signature of Reporting Person Date
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