Murphy USA

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Murphy USA
Public
Traded as NYSEMUSA
S&P 400 Component
Founded 1996 (became independent in 2013 as spin-off of Murphy Oil)
Headquarters El Dorado, Arkansas, U.S.
Key people
Services Service stations
Website murphyusa.com
New large 1,200 square foot location

Murphy USA is an American corporation operating a chain of retail gas stations that are primarily located in proximity to Walmart stores. It was founded as a spin-off of Murphy Oil in 2013.[1][2] In 2014, it was ranked 175 on the Fortune 500.[3]

In the first quarter of 2016, Murphy USA announced a change in its relationship with Walmart, as they began opening their own in-house gas stations and convenience stores. It plans to increase its locations independently of Walmart sites. In 2016 Murphy USA announced that Core-Mark would be the sole distributor for their chain. It said, "...this partnership will allow Murphy to offer a larger selection of popular convenience store products."[4]

Locations

Murphy USA operates more than 1,400 retail fueling stations in 26 US states. Over 1,100 locations are located near Walmart stores. As part of the company's new direction, more than 240 stations, also known as Murphy Express stores, are located independently.[5] Murphy Express sites are typically large-format facilities (1,200-3,400+ square feet) that offer a larger array of products and more fueling lanes than the original format.

References

  1. ^ "Spinoff Murphy USA Gets Board Sign-Off". CSPNet. 7 Aug 2013. Retrieved 21 May 2015.
  2. ^ "Murphy USA Spinoff". Zacks. Retrieved 27 February 2015.
  3. ^ "Fortune 500 2014". Fortune. Retrieved 27 February 2015.
  4. ^ "Murphy Oil USA - Investor Relations - News Release". ir.corporate.murphyusa.com. Retrieved 2016-02-16.
  5. ^ "About Murphy USA | Quality fuels, low prices and tremendous opportunities for investment and employment". corporate.murphyusa.com. Retrieved 2016-02-16.


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