Murphy Oil Corporation operates under the direction of an active and involved Board of Directors. The Board has six scheduled meetings per year at which it reviews and discusses detailed reports by management on the performance of the Company, our plans and prospects, as well as immediate issues we confront. In 1993, we established a Public Policy and Environmental (PPE) Board Committee—one of the first in the industry to do so. The Committee’s job is to provide the management team with guidance and support in developing Murphy’s environmental initiatives and in preparing the Company for challenges that lay ahead. In 2008, the PPE Board Committee changed the name of the committee to the Environmental, Health and Safety committee to more closely correlate with its activities and responsibilities. The group receives environmental updates semi-annually, and in conjunction with Murphy management, the Committee reviews compliance reports, establishes goals, studies audited carbon dioxide (CO2) emissions data, safety data and explores alternative energy opportunities.
Since 2000, Murphy has spent nearly $1.05 Billion on environmental expenditures to reduce emissions, improve technology, produce clean fuels and increase energy efficiencies.
Environmental Health and Safety Commitment
Recognizing the need for a more unified and transparent environmental and global climate change policy, Murphy created a climate change policy. Due to the long-term and strategic impact of global climate change and the initiatives that will be required to implement Murphy’s new policy, Murphy’s Corporate Director of Environmental, Health and Safety analyzes, directs and manages Murphy's climate change activities, and reports regularly to the Environmental, Health and Safety Committee of Murphy’s Board of Directors.