logo
  Join        Login             Stock Quote

Murphy Oil (MUR) To Build Over 200 New Fuel Stations At Walmart Supercenters

 December 26, 2012 09:37 AM
 


(By Balachander) Murphy Oil Corp. (NYSE: MUR) has agreed with Wal-Mart Stores Inc. (NYSE: WMT) to build over 200 new fuel stations at existing Walmart supercenters.

With this agreement, Murphy Oil USA will provide access to over 200 new locations within its core market area covering the Midwest and Southeast United States.

Murphy Oil expects the construction program to be completed over the next three years.

"This agreement represents a significant step forward in our long-term relationship with Wal-Mart as we pursue our business plan to separate the U.S. retail business into a stand-alone entity," said Murphy Oil CEO Steven Cosse.

Murphy Oil USA operates the Murphy USA and Murphy Express retail gasoline stations.

On Wednesday, MUR shares traded 0.40 percent higher at $60.16, while WMT shares shed 0.10 percent to trade at $68.50.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageGreek Voters Say No, Yanis Varoufakis Says Bye—What Next?

Sunday’s referendum didn’t change much for Greece: It is still in limbo, and it is still too small to upend read on...

article imageIs a Bullish Reversal Brewing for Bond Fund TLT

With stocks testing support and threatening a possible breakdown (reversal), US Treasury prices (measured read on...

article imageIn A World Of Artificial Liquidity – Cash Is King

It's more crucial now than ever for people to consider extracting a portion of cash from their bank read on...

article imageDid The IMF Provide Support To Syriza?

The IMF published yesterday a preliminary analysis on the debt sustainability of the Greek read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.