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Murphy Oil Corporation (NYSE:MUR);

Three analysts and top management from three sector firms examine the integrated oil producers sector in this special 37-page Integrated Oil Producers issue from The Wall Street Transcript, available at (212/952-7433) or http://www.twst.com/info/info518.htm

“Murphy is a great example of where a management transition has really made a difference,” offers a top analyst. Claiborne Deming, CEO, has done a remarkable job of turning Murphy around since he joined in 1994, 1995. I think Murphy has a terrific fundamental outlook going forward. Murphy is a relatively small company that is exposed to a great deal of potential with the drill bit. Also, Murphy has a very strong upstream position. They’ve had a lot of success in recent years, so they should continue to have very good production growth over the next three or four years. I would say somewhere in the range of 10% plus production growth. That is pretty much built in from things that have already been discovered. Murphy continues to have a very, very strong prospect portfolio in an industry where, frankly, most companies are opportunity-poor relative to their size. Murphy is not in that position in part because they’re a very small company, about a 4 billion market cap. Lastly, Murphy’s refining and marketing traditionally had been a merchant refining business. In the past, Murphy refined product in rural Louisiana and dumped it in a chronically oversupplied wholesale market on the Gulf Coast. They never sustainably made any money. Then three or four years ago they signed an agreement with Wal-Mart to build Murphy USA stations in Wal-Mart parking lots. Murphy has about 400 of them now and they’re adding about 100 a year. It’s dramatically improved the profitability of their refining and marketing business. All of these advancements are due to Deming. He has changed Murphy into one of the best-run companies in the integrated oil field. Murphy has terrific prospects going forward. With Deming as CEO, Murphy has come a long way.”

This special issue includes:

1) Integrated Oil Producers - In an in-depth (13,700 words) Analyst Roundtable, Fadel Gheit, Senior Energy Analyst at Fahnestock & Company, Inc., Stanley Harbison, Senior Vice President at Zurich Scudder Investments Inc. and Michael C. Young, Managing Director at Gerard Klauer Mattison & Company, Inc., examine the outlook for the sector including dividend growth, pricing outlook and share specific stock recommendations.

2) TWST confidential Off-The-Record survey of management performance of eight sector firms asked market insiders about the ability of management teams to create shareholder value.

3) CEO interviews (average 2,500 words). Top management of three sector firms examine the outlook for their firm and the sector.