Murphy Oil to Spin Off Retail Segment into Separate Company

by Luke Jones  on Tuesday, Oct. 16, 2012 8:39 am  

Murphy Oil CEO Steven Cossé said the spinoff's board of directors and management team are being assembling and will be announced near the time of the spinoff, which is set to happen "by 2013."

Murphy Oil Corp. of El Dorado says its board of directors has approved a plan to spin off its U.S. downstream subsidiary, Murphy Oil USA Inc., into an independent and separately traded company.

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