Tagged: Steven Cosse

Murphy Oil Spins Off Murphy USA Retail Outlets

Murphy Oil Spins Off Murphy USA Retail Outlets

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. read more >

Murphy Oil Earnings Up, Revenue Down in 1Q

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. read more >