Murphy USA

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Murphy USA
TypePublic
NYSEMUSA
S&P 400 Component
Founded1996; 26 years ago (1996) (became independent in 2013; 9 years ago (2013) as spin-off of Murphy Oil)
HeadquartersEl Dorado, Arkansas, U.S.
Key people
ServicesService stations
Websitemurphyusa.com
New large 1,200 square foot location

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] In 2021, Murphy USA had dropped to 322 on the Fortune 500 list. [4]

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."[5]

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.[6]

Locations[edit]

Murphy USA opened its first stores exclusively adjacent to Walmart properties. As of December 15th, 2020, Murphy USA operates 1,500 retail fueling stations in 26 US states and over 1,100 sites are located near Walmart stores. Murphy USA also has 240 Murphy Express branded stores, which are located independently.[7] 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[edit]

  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. ^ 2021 Fortune 500 List. Fortune https://fortune.com/fortune500/2021/. Retrieved 30 November 2021. {{cite web}}: Missing or empty |title= (help)
  5. ^ "Murphy Oil USA - Investor Relations - News Release". ir.corporate.murphyusa.com. Retrieved 2016-02-16.
  6. ^ "Murphy USA Announces Agreement to Acquire QuickChek—One of the Leading Food and Beverage C-Store Operators in the U.S." 14 December 2020.
  7. ^ "About Murphy USA | Quality fuels, low prices and tremendous opportunities for investment and employment". corporate.murphyusa.com. Retrieved 2016-02-16.