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Murphy Oil Corp. announced Wednesday that net income in the first quarter of 2008 was $409.0 million ($2.14 per diluted share), compared to net income of $110.6 million ($0.58 per diluted share) in the first quarter of 2007. The larger profit in 2008 compared to 2007 was primarily due to higher crude oil sales prices and sales volumes, which led to improved earnings in the company’s exploration and production business. The first quarter 2008 also included a $39.9 million after-tax gain on sale of all Berkana Energy shares in Canada. Earnings in the company’s refining and marketing business ...