by Lance Turner
Posted 7/10/2012 08:12 am
Updated 7 months ago
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.