MURPHY OIL CORP

Ticker: MUR CUSIP: 626717102 Class: EQTY

Westchester Capital Management, LLC's Holding History (CIK: 0001512805)

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

Q4 2013

Shares 153,800 Value ($000) $9,979 Avg Close $40.36 Range $37.48 - $42.72

Q3 2013

Shares 431,400 Value ($000) $26,022 Avg Close $37.73 Range $33.27 - $40.60

Q2 2013

Shares 828,000 Value ($000) $50,416 Avg Close $34.50 Range $32.38 - $36.58

Q1 2013

Shares 828,000 Value ($000) $52,768 Avg Close $33.54 Range $32.34 - $35.09

Q4 2012

Shares 1,329,700 Value ($000) $79,184 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	153,800	$9,979	$40.36	$37.48 - $42.72
Q3 2013	431,400	$26,022	$37.73	$33.27 - $40.60
Q2 2013	828,000	$50,416	$34.50	$32.38 - $36.58
Q1 2013	828,000	$52,768	$33.54	$32.34 - $35.09
Q4 2012	1,329,700	$79,184	—	—