show bio Claiborne Deming

Claiborne Deming is CEO of Murphy Oil Corp., a worldwide oil and gas company based in El Dorado, Ark, with operations in the United States and the United Kingdom and crude oil and natural gas exploration and production operations in Canada. Deming has served as CEO since October 1994 and as director and member of the Executive Committee since 1993.

The El Dorado Promise
Date: 3/1/2007

Murphy Oil Corp., CEO Claiborne Deming discusses “The El Dorado Promise,” a new program in El Dorado, Ark., which guarantees full-tuition scholarships to high school graduates from the area school district courtesy of the company’s $50 million gift. Not based on grades or financial need, the program provides college tuition and fees for students to any two- or four-year college or university – public or private, in Arkansas or out of state – for up to five years. Deming addresses his company’s reasoning for establishing the El Dorado Promise as a way to benefit the overall community and quality of life in the El Dorado School District. Deming says the company expects to reap the benefits of its investment because of this increased quality-of-life in the community where it’s based. He shares statistics and anecdotes to show how the Promise is already encouraging students to consider college who would not have before because of economic concerns.

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