Tagged: steven cosse

Moving to CEO, Roger Jenkins Gets 60 Percent Compensation Boost

by Lance Turner 3/21/2014 11:48 am

Murphy Oil Corp.'s new chief executive received a 60 percent boost in total compensation from 2012 to 2013, according to the publicly traded oil company's annual proxy statement, filed Friday with the U.S. Securities and Exchange Commission.

Murphy Oil Spins Off Murphy USA Retail Outlets

by Gwen Moritz 8/30/2013 08:39 am

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.

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

by Lance Turner 8/7/2013 03:19 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 03:55 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.

Murphy Oil USA CEO: New Company Is Poised for Growth

by Luke Jones 5/8/2013 01:58 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.

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

by Lance Turner 5/6/2013 08:17 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 03:57 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 04:06 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.

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.

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.

Murphy Oil: Gas Station Spinoff Still On Track for 2013

by Lance Turner 11/5/2012 10:17 am

Murphy Oil Corp. of El Dorado tells analysts that the oil company is still on track to spin off its Murphy Oil USA gas station unit in 2013.