Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
HULSE W MICHAEL
   2. Issuer Name and Ticker or Trading Symbol
MURPHY OIL CORP /DE [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
(Last)
(First)
(Middle)
200 PEACH STREET, P. O. BOX 7000		 3. Date of Earliest Transaction (Month/Day/Year)
02/01/2005
(Street)

EL DORADO, AR 71731-7000		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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               16,102 D  
Common Stock 02/01/2005   A   4,000 (1) A $ 0 6,000 (1) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: 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
Stock Option (2) $ 30.225             02/04/2000 02/04/2007 Common Stock 7,500   7,500 D  
Stock Option (2) $ 32.7438             02/04/2000 02/04/2007 Common Stock 7,500   15,000 D  
Stock Option (3) $ 24.875             02/03/2000 02/03/2008 Common Stock 10,000   25,000 D  
Stock Option (3) $ 24.875             02/03/2001 02/03/2008 Common Stock 10,000   35,000 D  
Stock Option (3) $ 17.8438             02/02/2001 02/02/2009 Common Stock 12,500   47,500 D  
Stock Option (3) $ 17.8438             02/02/2002 02/02/2009 Common Stock 12,500   60,000 D  
Stock Option (3) $ 28.4844             02/01/2002 02/01/2010 Common Stock 12,500   72,500 D  
Stock Option (3) $ 28.4844             02/01/2003 02/01/2010 Common Stock 12,500   85,000 D  
Stock Option (3) $ 30.83             02/06/2003 02/06/2011 Common Stock 15,000   100,000 D  
Stock Option (3) $ 30.83             02/06/2004 02/06/2011 Common Stock 15,000   115,000 D  
Stock Option (3) $ 38.8525             02/05/2004 02/05/2012 Common Stock 17,500   132,500 D  
Stock Option (3) $ 38.8525             02/05/2005 02/05/2012 Common Stock 17,500   150,000 D  
Stock Option (3) $ 42.34             02/04/2005 02/04/2013 Common Stock 12,500   162,500 D  
Stock Option (3) $ 42.34             02/04/2006 02/04/2013 Common Stock 12,500   175,000 D  
Stock Option (3) $ 60.59             02/03/2006 02/03/2011 Common Stock 8,750   183,750 D  
Stock Option (3) $ 60.59             02/03/2007 02/03/2011 Common Stock 8,750   192,500 D  
Stock Option (3) $ 90.455 02/01/2005   A   6,250   02/01/2007 02/01/2012 Common Stock 6,250 $ 0 198,750 D  
Stock Option (3) $ 90.455 02/01/2005   A   6,250   02/01/2008 02/01/2012 Common Stock 6,250 $ 0 205,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HULSE W MICHAEL
200 PEACH STREET
P. O. BOX 7000
EL DORADO, AR 71731-7000		       Executive Vice President  

Signatures

 W. Michael Hulse   02/03/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Restricted Stock issued pursuant to the Murphy 1992 Stock Incentive Plan. Reporting person has voting and dividend rights only.
(2) Employee premium stock option granted under the Murphy 1992 Stock Incentive Plan.
(3) Employee stock option granted under the Murphy 1992 Stock Incentive Plan.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.