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|Traded as||NYSE: MUR
S&P 500 Component
|Industry||Oil and gas|
|Headquarters||El Dorado, Arkansas, U.S.|
|Key people||Steve Cosse, CEO & President|
|Revenue||$27.7 billion USD (2011)|
|Net income||$0.9 billion USD (2011)|
Murphy Oil Corporation is an American international oil and gas company, incorporated in 1950 as Murphy Corporation, that conducts business through various operating subsidiaries. Murphy Oil produces oil and natural gas in the United States, Canada, Malaysia, the United Kingdom and Republic of the Congo and conducts exploration activities worldwide. Murphy also has an interest in a Canadian synthetic oil operation, two ethanol production facilities in the United States and one petroleum refinery in the United Kingdom. The Company operates a growing retail marketing gasoline station chain, Murphy USA in the parking lots of Walmart Supercenters and at stand-alone locations in the United States, and also markets petroleum products under various brand names and to unbranded wholesale customers in the United States and the United Kingdom. The Company has announced its intention to sell its U.K. marketing assets. Murphy Oil Corporation is headquartered in El Dorado, Arkansas, and has over 8,600 employees worldwide. The Company's common stock is traded on the New York Stock Exchange under the ticker symbol "MUR."
Murphy Exploration & Production Company, through various operating subsidiaries and affiliates, is engaged in crude oil and natural gas production activities in the United States, Malaysia, the U.K. sector of the North Sea and Republic of the Congo, and explores for oil and natural gas worldwide. The subsidiary has its headquarters in Houston, Texas, and conducts business from offices in Kuala Lumpur, Malaysia; St. Albans, England; Pointe-Noire, Republic of the Congo; Jakarta, Indonesia; Perth, Western Australia; and Erbil in the north region of Iraq.
Murphy Oil Company, Ltd. is engaged in crude oil and natural gas exploration and production in Western Canada and offshore Eastern Canada as well as the extraction and sale of synthetic crude oil from oil sands. The subsidiary's office is located in Calgary, Alberta, and is operated as a component of the Company's worldwide exploration and production operation directed from Houston.
Murphy Oil USA, Inc. is engaged in the marketing of petroleum products in the United States. It is headquartered in El Dorado, Arkansas. High-volume, low-cost Murphy USA branded gasoline stations are located on-site at Walmart Supercenters and at stand-alone Murphy Express locations in 23 states, primarily in the South and Midwest. Murphy Oil USA also operates a network of 7 Company-owned terminals. These terminals, along with a number of third-party terminals, supply fuel to retail and wholesale stations in 23 states. Murphy Oil USA acquired an ethanol production facility in Hankinson, North Dakota in October 2009. In 2010, the Company purchased an ethanol production facility in Hereford, Texas that began operating in early 2011. This subsidiary was spun off from the parent company on September 1, 2013 as Murphy USA and is now a standalone company.
El Dorado Promise
In January 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. Scholarship amounts are paid based on length of attendance in the El Dorado Public School District. For example, graduates who attend all 13 years at EPS will receive 100 percent of the scholarship.
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