Murphy Oil

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Murphy Oil Corporation NYSE: MUR is a petroleum corporation. It is a S&P 500 company. In 2007, it was ranked as the 169th largest company in America on the Fortune 500. Corporate headquarters are in El Dorado, Arkansas.

The current President & CEO is Claiborne Deming.[1]

Murphy is a partner in the Hibernia Oil development off Newfoundland and Labrador.[2]

Murphy owns the Spur brand of oil and gasoline.

The company operates a chain of retail gasoline outlets throughout the southeast and mid-west marketed under the name Murphy USA, located at Wal-Mart locations on land once leased from Wal-Mart. The company announced in May 2007 that it would purchase all land in which it owns outlets, from Wal-Mart and would also close 47 locations.

The Murphy USA stations offer a discount to consumers of 3 cents per gallon by purchasing a gift card from Wal-Mart and using it at the station or by using a Wal-Mart credit card at the station. Some states, such as Alabama, have loss-leader laws against such practices. In those cases, the company rebates 3 cents per gallon on Wal-Mart Credit Card purchases at the time of the statement, not at the pump.

In an effort to reduce credit transaction processing fees from major credit card brands, the company announced in January 2007 that it signed an agreement with National Payment Card to implement Driver's License ACH payment system to break the Credit/Debit Card processing stranglehold where by consumer will receive a per gallon discount when used.

At the end of August, 2005, Hurricane Katrina damaged part of the large Murphy facility in Meraux, Louisiana[3], but, as of August 2006, the facility is back in working order.

The United Kingdom subsidiary is Murco Petroleum Ltd.

[edit] El Dorado Promise

In January of 2007, Murphy announced that it would set aside $50 million to ensure that every student graduating from the local school system, in El Dorado, would be able to afford college. The scholarship, which requires that students spend a certain number of years in the El Dorado school system and maintain a 2.0 G.P.A. while in college, pays tuition and all mandatory fees for students, limited to the highest annual rate currently charged by an Arkansas public university, currently $6,010.

[edit] References

  1. ^ Murphy Oil Corp
  2. ^ Hibernia - About Hibernia
  3. ^ Murphy Oil Spill | Response to 2005 Hurricanes | US EPA

[edit] External links


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