Murphy Oil Spins Off Murphy USA Retail Outlets

by Gwen Moritz  on Friday, Aug. 30, 2013 8:39 am  

Murphy Oil is spinning off its new retail company, Murphy USA Inc., which includes 1,154 gasoline stations, mainly in the parking lots of Wal-Mart Supercenters. (Mike Pirnique)

R. Andrew Clyde will be president and CEO of the new publicly traded company, which will include the Murphy USA retail outlets, seven product distribution terminals and two ethanol production facilities in North Dakota and Texas. The spinoff also marks the second retirement of Murphy Oil CEO Steven Cossé. He will be succeeded Friday by Roger Jenkins, who has been Murphy Oil's executive vice president and chief operating officer.

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