The oil company, whose CEO David Wood resigned last month, is in the middle of trying to sell its last remaining refinery and focusing more heavily on its retail business -- namely, the Murphy USA gas stations you see at Wal-Mart Supercenters.
Before his abrupt departure last month, Wood hinted that Murphy might spin off that operation to make it more attractive to shareholders. We're not sure what the status of that plan is now that Wood is gone, but as Jones points out in his story, Murphy continues to make investments in that retail operation.
- Report: Wal-Mart CFO Claims 'Very Good Sales' Lately
- Report: Queen Wilhelmina Delays Cost $11.5M
- Watch The '60 Minutes' Report on Data Brokers Here
- Conway Reimagined For $100M And Change 12 hours ago
- LR Interstate Property, Nursing Home Both Net $5M+ Buys (Real Deals) 12 hours ago
- Stephens Takes Second Helpings of Chuy's Mexican 12 hours ago
- Harry Scott, Former President of Thompson Industries of Russellville, Dies at 64 8 months ago
- Kent Walker Artisan Cheese Rebounds After Disaster 12 hours ago