MURPHY OIL CORP

Ticker: MUR CUSIP: 626717102 Class: EQTY

CONFLUENCE INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001442056)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 5,545 Value ($000) $280 Avg Close $33.71 Range $28.77 - $37.38

Q1 2014

Shares 5,384 Value ($000) $338 Avg Close $38.91 Range $35.28 - $41.79

Q4 2013

Shares 5,629 Value ($000) $365 Avg Close $40.36 Range $37.48 - $42.72

Q3 2013

Shares 5,852 Value ($000) $353 Avg Close $37.73 Range $33.27 - $40.60

Q2 2013

Shares 5,936 Value ($000) $361 Avg Close $34.50 Range $32.38 - $36.58

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	5,545	$280	$33.71	$28.77 - $37.38
Q1 2014	5,384	$338	$38.91	$35.28 - $41.79
Q4 2013	5,629	$365	$40.36	$37.48 - $42.72
Q3 2013	5,852	$353	$37.73	$33.27 - $40.60
Q2 2013	5,936	$361	$34.50	$32.38 - $36.58