Murphy USA

Murphy USA is an American corporation operating a chain of retail gas stations that are primarily located in proximity to Walmart stores. It was founded as a spin-off of Murphy Oil in 2013.[1][2] In 2018, it was ranked 279 on the Fortune 500 list of the largest United States corporations by revenue.[3]

Murphy USA
TypePublic
NYSE: MUSA
S&P 400 Component
Founded1996 (became independent in 2013 as spin-off of Murphy Oil)
HeadquartersEl Dorado, Arkansas, U.S.
Key people
 R. Andrew Clyde (CEO) |Mindy West CFO
ServicesService stations
Websitemurphyusa.com
New large 1,200 square foot location

In the first quarter of 2016, Murphy USA announced a change in its relationship with Walmart, as they began opening their own in-house gas stations and convenience stores. It plans to increase its locations independently of Walmart sites. In 2016 Murphy USA announced that Core-Mark would be the sole distributor for their chain. It said, "...this partnership will allow Murphy to offer a larger selection of popular convenience store products."[4]

On December 14, 2020, Murphy USA announced that it has reached an agreement to purchase QuickChek convenience stores, based in Whitehouse Station, New Jersey, for $645 million.[5]

Locations

Murphy USA operates 1,500 (as of December 15th, 2020) retail fueling stations in 26 US states. Over 1,100 sites are located near Walmart stores. As part of the company's new direction, more than 240 stations, also known as Murphy Express stores, are located independently.[6] Murphy Express sites are typically large-format facilities (1,200-3,400+ square feet) that offer a larger array of products and more fueling lanes than the original format.

References
  1. "Spinoff Murphy USA Gets Board Sign-Off". CSPNet. 7 Aug 2013. Retrieved 21 May 2015.
  2. "Murphy USA Spinoff". Zacks. Retrieved 27 February 2015.
  3. "Murphy USA". Fortune. Retrieved 2018-11-25.
  4. "Murphy Oil USA - Investor Relations - News Release". ir.corporate.murphyusa.com. Retrieved 2016-02-16.
  5. https://www.globenewswire.com/news-release/2020/12/14/2144440/0/en/Murphy-USA-Announces-Agreement-to-Acquire-QuickChek-One-of-the-Leading-Food-and-Beverage-C-Store-Operators-in-the-U-S.html
  6. "About Murphy USA | Quality fuels, low prices and tremendous opportunities for investment and employment". corporate.murphyusa.com. Retrieved 2016-02-16.
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