Tagged: murphy oil corp.

Murphy Spinoff Results in Employee Changes

by Luke Jones 8/8/2013 10:58 am

Murphy Oil Corp. of El Dorado today announced several promotions as some of its officers are moving to Murphy USA Inc., its new retail spinoff.

Murphy Approves Gas Station Spinoff; Roger Jenkins Becomes CEO Aug. 30

by Lance Turner 8/7/2013 3:19 pm

Murphy Oil Corp. of El Dorado approves the spinoff of its gas station unit into a separate publicly company, Murphy USA Inc., which will take place on Aug. 30.

Murphy Oil Reports 2Q Net Income Rise, Progress in Spinoff

by Lance Turner 7/31/2013 3:55 pm

Murphy Oil Corp. of El Dorado reports net income of $402.6 million, or $2.12 per diluted share, up from $295.4 million, or $1.52 per diluted share, during the same quarter last year.

Revenue Doesn’t Equal Profits at Publicly Traded Companies

by Gwen Moritz 6/24/2013 12:00 am

No. 1 on the Arkansas Business list of public companies is also No. 1 among the Fortune 500 list of the biggest publicly traded companies: Wal-Mart Stores Inc. of Bentonville.

Madison Murphy to Chair Board of Murphy USA

by Luke Jones 6/21/2013 10:27 am

Murphy Oil Corp. of El Dorado announces the 10 directors that will serve on the board of Murphy USA Inc., the company's retail segment that will spin off as a separate company this year.

California Councilman Inspired by El Dorado Promise

by Arkansas Business Staff 6/10/2013 12:00 am

Chevron U.S.A. Inc. says it will pay compensation to Richmond, Calif., where a refinery burn made thousands ill. Tom Butt, a city politician with ties to Arkansas, is suggesting a deal similar to the El Dorado Promise.

Murphy Oil to Buy Back $250 Million in Shares

by Luke Jones 5/24/2013 10:47 am

Murphy Oil Corp. of El Dorado today announced it would buy back $250 million of its common stock from Merrill Lynch International.

Murphy Oil USA CEO: New Company Is Poised for Growth

by Luke Jones 5/8/2013 1:58 pm

The incoming CEO of Murphy Oil Corp. spin-off Murphy Oil USA Inc. says that the new retail gas station company is poised for growth, having inked a deal with Wal-Mart Stores Inc. in December and eyeing new markets in Virigina.

Wal-Mart No. 1 on Fortune 500 List; Windstream Joins for First Time

by Lance Turner and Gwen Moritz 5/6/2013 8:47 am

Wal-Mart Stores Inc. of Bentonville regains the top spot on Fortune magazine's annual list of the country's largest corporations. Meanwhile, Windstream Corp. of Little Rock joins the list for the first time, ranking No. 414.

Murphy Oil CEO Steven Cosse to Step Down; Roger Jenkins to Take Over

by Lance Turner 5/6/2013 8:17 am

Roger Jenkins, Murphy Oil’s executive vice president and COO, will take over as CEO after current President and CEO Steve Cossé steps down later this year.

Murphy Oil Earnings Up, Revenue Down in 1Q

by Luke Jones 5/1/2013 3:57 pm

Murphy Oil Corp. of El Dorado announced Wednesday that first-quarter net income climbed 24 percent to $360 million, compared with $290 million in the same quarter of 2012. About 42 percent of income, however, came from discontinued operations.

Proxy: Murphy USA Spinoff Expected in Second Half of Year

by Gwen Moritz 3/22/2013 4:06 pm

Murphy Oil Corp.'s annual proxy statement also reveals that David M. Wood, who suddenly retired as CEO in June, received compensation of more than $18 million last year.

Spinoff Company Murphy USA Names Executive Team

by Arkansas Business Staff 2/4/2013 4:34 pm

Six current Murphy Oil and Murphy USA executives will join CEO Andrew Clyde in managing the spinoff of the Murphy Oil's retail subsidiary.

Murphy Oil Swings to Profit in 4Q

by Luke Jones 1/30/2013 4:01 pm

Murphy Oil Corp. of El Dorado announces fourth-quarter net income of $158.7 million, compared to a net loss of $113.9 million in the same quarter last year.

Murphy Oil Names R. Andrew Clyde CEO of Retail Unit

by Luke Jones 1/8/2013 8:49 am

Murphy Oil Corp. of El Dorado announces the appointment of R. Andrew Clyde as president and CEO of Murphy Oil USA Inc., the U.S. retail marketing subsidiary of Murphy Oil Corp.

Murphy Oil to Add 200 New Fuel Stations at Wal-Mart Stores

by Lance Turner 12/26/2012 11:32 am

Murphy Oil Corp. of El Dorado says its wholly-owned subsidiary, Murphy Oil USA Inc., will add more than 200 new fueling stations at Wal-Mart stores in the Midwest and Southeast United States.

Arkansas Business: Best Quotes of 2012

by Arkansas Business Staff 12/24/2012 12:00 am

From John L. Smith’s pep talk to reporters to U.S. District Judge Bill Wilson’s withering remarks to out-of-line prosecutors, they said it all in 2012.

Murphy Oil Speeds $250M Share Repurchase Program

by Luke Jones 12/11/2012 10:00 am

Murphy Oil Corp. of El Dorado recently announced it was entering into a share repurchase transaction with J.P. Morgan Securities LLC to repurchase an aggregate of $250 million of Murphy stock.

Murphy Oil Bond Sale Will Fund Special Dividend

by Lance Turner 11/28/2012 11:22 am

A $1.5 billion bond sale by Murphy Oil Corp. of El Dorado will help fund a $2.50 per share dividend the oil company plans to issue next week.

Murphy Oil Futures: How Spinning Off Retail Could Bring Joy to Shareholders

by Mark Friedman 11/26/2012 12:00 am

Murphy Oil is spinning off its subsidiary, Murphy Oil USA Inc. — which includes 1,154 gasoline stations, two ethanol plants and seven product distribution terminals — into its own publicly traded company.