8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): November 2, 2021

MURPHY OIL CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

Registrant’s

telephone number, including area code: (281) 675-9000

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.04. Triggering Events That Accelerateor Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

On November 2, 2021, Murphy Oil Corporation (the “Company”) issued a notice of partial redemption with respect to $150,000,000 aggregate principal amount of its 6.875% senior notes due 2024 (the “Notes”). The Company will redeem the Notes at the applicable redemption price set forth in the indenture governing the Notes, plus accrued and unpaid interest, if any, to, but not including, the date of redemption. The redemption date of the Notes will be December 2, 2021.

This Current Report on Form 8-K does not constitute a notice of redemption of the Notes.

Item 9.01. Financial Statements and Exhibits

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Exhibit 99.1

MURPHY OIL CORPORATION ANNOUNCESPARTIAL REDEMPTION OF 6.875% NOTES DUE 2024

HOUSTON, Texas, November 2, 2021 – Murphy Oil Corporation (the “Company”) (NYSE:MUR) announced today that it will redeem $150 million in aggregate principal amount of its 6.875% Senior Notes due 2024 (the “Notes”) on December 2, 2021, the redemption date for the Notes.

The redemption price for the Notes called for redemption will be equal to 101.719% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the redemption date in accordance with the terms of the Notes and the indenture under which the Notes were issued. The Notes to be redeemed will be selected in accordance with the procedures of The Depository Trust Company. Interest on the portion of the Notes selected for redemption will cease to accrue on and after the redemption date.

Additional information concerning the terms of the redemption is contained in the notice distributed to holders of the Notes. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution. This news release does not constitute a notice of redemption of the Notes.

ABOUT MURPHY OIL CORPORATION

As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. The company sees a future where it is an industry leader who is positively impacting lives for the next 100

years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements within themeaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusionof words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”,“expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”,“may”, “objective”, “outlook”, “plan”, “position”, “potential”,“project”, “seek”, “should”, “strategy”, “target”, “will” or variationsof such words and other similar expressions. These statements, which express management’s current views concerning future eventsor results, are subject to inherent risks and uncertainties. Factors that could cause one or more of these future events or results notto occur as implied by any forward-looking statement include, but are not limited to: macro conditions in the oil and gas industry, includingsupply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deteriorationin the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customerdemand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; politicaland regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business,markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debtor to access debt markets at acceptable prices; or adverse developments in the U.S. or global capital markets, credit markets or economiesin general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied byany forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the U.S. Securitiesand Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file,available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Murphy Oil Corporationundertakes no duty to publicly update or revise any forward-looking statements.

Investor Contacts:

Kelly Whitley, kelly_whitley@murphyoilcorp.com, 281-675-9107

Megan Larson, megan_larson@murphyoilcorp.com, 281-675-9470