Murphy Oil Board OKs Plans To Sell Refining Business, UK Retail System

by Jan Cottingham  on Thursday, Jul. 22, 2010 5:22 pm  

Murphy Oil President and CEO David Wood says the move will help the firm fully focus on its U.S. retail and upstream businesses.

Murphy Oil Corp. of El Dorado says it will exit the oil refining business by the first quarter of 2011 and will sell its U.K retail system.

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