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Article: Retired Chairman of Murphy Oil Dies in El Dorado, Ark., at 82.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- March 21, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Arkansas Democrat-Gazette, Little Rock Knight Ridder/Tribune Business News
Mar. 21--Charles H. Murphy Jr., who took over his father's oil and timber company at age 21, credited innovation as the key to creating a Fortune 500 corporation spanning six continents.
Such vision once led him to bankroll an engineer who devised an offshore drilling rig by sinking a turtle in a bathtub.
Murphy, the retired chairman of Murphy Oil Corp., died Wednesday in El Dorado from complications after surgery. He was 82.
The engineer who won Murphy's favor got his spark for a turtleback design while considering how to submerge a new kind of mobile drilling ...