Murphy's Law? Turn oil into money. A pure-play upstream company, Murphy Oil explores for and produces oil and gas -- primarily in the US, but also in Canada, Malaysia, and the UK. In 2015 the company reported undeveloped proved reserves of 341.4 million barrels of oil, 114.8 million barrels of synthetic crude oil, and 1.6 trillion cubic feet of natural gas. In 2013 Murphy Oil completed the separation of its US retail marketing operations with the spin-off of Murphy USA Inc. as a stand-alone company. It also began to sell its UK marketing and refining assets in 2014 in order to become an exploration and production player. In 2016 it agreed to sell its 5% stake in Syncrude to Suncor Energy for $937 million.