EXHIBIT 21

MURPHY OIL CORPORATION

PARENTS AND SUBSIDIARIES AS OF DECEMBER 31, 1995

Percentage
of Voting
Securities
State or Other Owned by
Jurisdiction Immediate
Name of Company of Incorporation Parent
- ---------------------------------------------------------------------- ---------------- ----------

MURPHY OIL CORPORATION (REGISTRANT)
A. Deltic Farm & Timber Co., Inc. Arkansas 100.0
1. Chenal Properties, Inc. Arkansas 100.0
2. Deltic Timber Purchasers, Inc. Arkansas 100.0
B. El Dorado Engineering Inc. Delaware 100.0
1. El Dorado Contractors Inc. Delaware 100.0
C. Murphy Eastern Oil Company Delaware 100.0
D. Murphy Exploration & Production Company (formerly Ocean
Drilling & Exploration Company) Delaware 100.0
1. Canam Offshore A. G. (Switzerland) Switzerland 100.0
2. Canam Offshore Limited Bahamas 100.0
a. Odeco Drilling Limited Bahamas 100.0
b. Rimrock Offshore Limited Bahamas 100.0
3. El Dorado Exploration, S.A. Delaware 100.0
4. 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
5. MEPCO Venezuela, Ltd. Bahamas 100.0
6. Murphy Building Corporation Delaware 100.0
7. Murphy Denmark Oil Company Delaware 100.0
8. Murphy Ecuador Oil Company Ltd. Bermuda 100.0
9. Murphy Equatorial Guinea Oil Company Delaware 100.0
10. Murphy France Oil Company Delaware 100.0
11. Murphy Indus Energy Ltd. Bahamas 100.0
12. Murphy Ireland Oil Company Delaware 100.0
13. Murphy Italy Oil Company Delaware 100.0
14. Murphy New Zealand Oil Company Delaware 100.0
15. Murphy Overseas Ventures Inc. Delaware 100.0
16. Murphy Pacific Rim, Ltd. Bahamas 100.0
17. Murphy Pakistan Oil Company Delaware 100.0
18. Murphy Peru Oil Company, S.A. Panama 100.0
19. Murphy Somali Oil Company Delaware 100.0
20. Murphy-Spain Oil Company Delaware 100.0
21. Murphy Western Oil Company Delaware 100.0
22. Murphy Yemen Oil Company Delaware 100.0
23. Norske Murphy Oil Company Delaware 100.0
24. Norske Ocean Exploration Company Delaware 100.0
25. Ocean Exploration Company Delaware 100.0
26. Ocean France Oil Company Delaware 100.0
27. Ocean Gabon Oil Company Delaware 100.0
28. Ocean International Finance Corporation Delaware 100.0
29. Ocean Spain Oil Company Delaware 100.0

Ex. 21-1

EXHIBIT 21 (CONTD.)

MURPHY OIL CORPORATION

PARENTS AND SUBSIDIARIES AS OF DECEMBER 31, 1995 (CONTD.)

MURPHY OIL CORPORATION (REGISTRANT) - Contd.
D. Murphy Exploration & Production Company - Contd.
30. Odeco Gabon Oil Company Delaware 100.0
31. Odeco International Corporation Panama 100.0
32. Odeco Italy Oil Company Delaware 100.0
33. Sub Sea Offshore (M) Sdn. Bhd. Malaysia 60.0
E. Murphy Oil Company, Ltd. Canada 100.0
1. 340236 Alberta Ltd. Canada 100.0
2. Manito Pipelines Ltd. Canada 52.5
3. Murphy Atlantic Offshore Oil Company Ltd. Canada 100.0
4. Wascana Pipe Line Ltd. Canada 100.0
F. Murphy Oil USA, Inc. Delaware 100.0
1. Arkansas Oil Company Delaware 100.0
2. Murphy Gas Gathering Inc. Delaware 100.0
3. Murphy Latin America Refining & Marketing, Inc. Delaware 100.0
4. Murphy LOOP, Inc. Delaware 100.0
5. Murphy Oil Trading Company (Eastern) Delaware 100.0
6. Spur Oil Corporation Delaware 100.0
G. Murphy Ventures Corporation Delaware 100.0
H. New Murphy Oil (UK) Corporation Delaware 100.0
1. Murphy Petroleum Limited England 100.0
a. Murco Petroleum Limited England 100.0
(1) Alnery No. 166 Ltd. England 100.0
(2) European Petroleum Distributors Ltd. England 100.0
(3) H. Hartley (Doncaster) Ltd. England 100.0
(4) Murco Petroleum (Ireland) Ltd. Ireland 100.0

Ex. 21-2