Murphy Oil Corporation Type Public Industry Oil & Gas Refining & Marketing Headquarters El Dorado, Arkansas, U.S. Key people David Wood, CEO & President Revenue $23.345 billion USD (2010) Net income $798 million USD (2010) Employees 8,600 (2010) Website murphyoilcorp.com
Murphy Oil Corporation is an international oil and gas company, founded in 1944 as C.H. Murphy & Co by Charle H Murphy Sr., that conducts business through various operating subsidiaries. Murphy produces oil and/or 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, owns two petroleum refineries and 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 on 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 three oil refineries and the U.K. marketing assets during 2011. Murphy Oil Corporation is headquartered in El Dorado, Arkansas, and has over 8,000 employees worldwide. The Company's common stock is traded on the New York Stock Exchange under the ticker symbol "MUR."
Major Subsidiaries of Murphy Oil Corporation
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 refining and marketing of petroleum products in the United States. It is headquartered in El Dorado, Arkansas. Refineries in Meraux, Louisiana and Superior, Wisconsin, provide petroleum products to high-volume, low-cost Murphy USA branded gasoline stations located on-site at Walmart Supercentners and at stand-alone Murphy Express locations in 23 states, primarily in the South and Midwest. Murphy Oil USA also operates a network of 12 Company-owned terminals and two leased terminals. These terminals, along with a number of third-party terminals, supply fuel to retail and wholesale stations in 26 states and to various asphalt and marine fuel customers. The Company has announced its intention to sell the two petroleum refineries and certain associated marketing terminals in 2011. A subsidiary 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.
Murco Petroleum Ltd is engaged in the refining and marketing of petroleum products in the United Kingdom. Headquartered near London, England, Murco owns a refinery in Milford Haven, Wales and operates a network of fueling stations in the United Kingdom. The Company has announced its intention to sell these U.K. operations in 2011.
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, currently $6,010.
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