EXHIBIT 21

MURPHY OIL CORPORATION

SUBSIDIARIES OF THE REGISTRANT AS OF DECEMBER 31, 2003

Name of Company						State or Other Jurisdiction of Incorporation	Percentage of Voting Securities Owned by Immediate Parent
Murphy Oil Corporation (REGISTRANT)
	A.	Caledonia Land Company				Delaware	100.0
	B.	El Dorado Engineering Inc.				Delaware	100.0
		1.	El Dorado Contractors Inc.			Delaware	100.0
	C.	Marine Land Company				Delaware	100.0
	D.	Murphy Eastern Oil Company				Delaware	100.0
	E.	Murphy Exploration & Production Company				Delaware	100.0
		1.	Canam Offshore A. G. (Switzerland)			Switzerland	100.0
		2.	Mentor Holding Corporation			Delaware	100.0
			a.	Mentor Excess and Surplus Lines Insurance Company		Delaware	100.0
			b.	Mentor Insurance and Reinsurance Company		Louisiana	100.0
			c.	Mentor Insurance Limited		Bermuda	99.993
				(1)	Mentor Insurance Company (U.K.) Limited	England	100.0
				(2)	Mentor Underwriting Agents (U.K.) Limited	England	100.0
		3.	Murphy Building Corporation			Delaware	100.0
		4.	Murphy Exploration & Production Company – International			Delaware	100.0
			a.	Canam Offshore Limited		Bahamas	100.0
				(1)	Murphy Ireland Offshore Limited	Bahamas	100.0
			b.	El Dorado Exploration, S.A.		Delaware	100.0
			c.	Murphy Brazil Exploracao e Producao de Petroleo e Gas Ltda. (see company g1 below)		Brazil	90.0
			d.	Murphy Ecuador Oil Company Ltd.		Bermuda	100.0
			e.	Murphy Exploration (Alaska), Inc.		Delaware	100.0
			f.	Murphy Italy Oil Company		Delaware	100.0
			g.	Murphy Overseas Ventures Inc.		Delaware	100.0
				(1)	Murphy Brazil Exploracao e Producao de Petroleo e Gas Ltda. (see company c above)	Brazil	10.0
			h.	Murphy Pakistan Oil Company		Delaware	100.0
			i.	Murphy Peninsular Malaysia Oil Co., Ltd.		Bahamas	100.0
			j.	Murphy Sabah Oil Co., Ltd.		Bahamas	100.0
			k.	Murphy Sarawak Oil Co., Ltd.		Bahamas	100.0
			l.	Murphy Somali Oil Company		Delaware	100.0
			m.	Murphy-Spain Oil Company		Delaware	100.0
			n.	Murphy West Africa, Ltd.		Bahamas	100.0
			o.	Ocean Exploration Company		Delaware	100.0
			p.	Odeco Italy Oil Company		Delaware	100.0
		5.	Murphy Exploration & Production Company – USA			Delaware	100.0
		6.	Odeco Drilling (UK) Limited			England	100.0
		7.	Sub Sea Offshore (M) Sdn. Bhd.			Malaysia	60.0

Ex. 21-1

EXHIBIT 21 (Contd.)

MURPHY OIL CORPORATION

SUBSIDIARIES OF THE REGISTRANT AS OF DECEMBER 31, 2003 (Contd.)

Name of Company						State or Other Jurisdiction of Incorporation	Percentage of Voting Securities Owned by Immediate Parent
Murphy Oil Corporation (REGISTRANT) – Contd.
	F.	Murphy Oil Company Ltd.				Canada	100.0
		1.	Murphy Atlantic Offshore Finance Company Ltd.			Canada	100.0
		2.	Murphy Atlantic Offshore Oil Company Ltd.			Canada	100.0
		3.	Murphy Canada Exploration Company			NSULCo.*	100.0
			a.	3504131 Canada Ltd.		Canada	100.0
			b.	Environmental Technologies Inc.		Canada	52.0
				(1)	Eastern Canadian Coal Gas Venture Ltd.	Canada	100.0
		4.	Murphy Canada, Ltd.			Canada	100.0
		5.	Murphy Finance Company			NSULCo.*	100.0
	G.	Murphy Oil USA, Inc.				Delaware	100.0
		1.	864 Beverage, Inc.			Texas	100.0
		2.	Arkansas Oil Company			Delaware	100.0
		3.	Murphy Gas Gathering Inc.			Delaware	100.0
		4.	Murphy Latin America Refining & Marketing, Inc.			Delaware	100.0
		5.	Murphy LOOP, Inc.			Delaware	100.0
		6.	Murphy Crude Oil Marketing, Inc.			Delaware	100.0
		7.	Murphy Oil Trading Company (Eastern)			Delaware	100.0
		8.	Spur Oil Corporation			Delaware	100.0
		9.	Superior Crude Trading Company			Delaware	100.0
	H.	Murphy Realty Inc.				Delaware	100.0
	I.	Murphy Ventures Corporation				Delaware	100.0
	J.	New Murphy Oil (UK) Corporation				Delaware	100.0
		1.	Murphy Petroleum Limited			England	100.0
			a.	Alnery No. 166 Ltd.		England	100.0
			b.	H. Hartley (Doncaster) Ltd.		England	100.0
			c.	Murco Petroleum Limited		England	100.0
				(1)	European Petroleum Distributors Ltd.	England	100.0
				(2)	Murco Petroleum (Ireland) Ltd.	Ireland	100.0

* Denotes Nova Scotia Unlimited Liability Company.

Ex. 21-2