Wal-Mart Stores To Add Murphy Oil Fuel Stations

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Wal-Mart Stores To Add Murphy Oil Fuel Stations

Wal-Mart Stores, Inc. (NYSE:WMT) are expected to add fuel stations owned by Murphy Oil Corporation (NYSE:MUR) at 200 supercenter locations in the Southeast and Midwest over the next three years. Murphy Oil is in the process of spinning off Murphy USA, which would include the company’s fuel selling operations. The deal would be between Wal-Mart and Murphy USA.

Wal-Mart Stores To Add Murphy Oil Fuel Stations

That the deal’s financial terms have not been released. Murphy Oil Corporation (NYSE:MUR) CEO Steven Cosse told BusinessWeek that the deal is “a significant step forward” for the company’s Murphy USA retail arm in its relationship with Wal-Mart Stores, Inc. (NYSE:WMT).

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Murphy Oil announced in October that it would cut itself into two separate companies. Murphy Oil would focus on producing and exploring for oil, while Murphy USA would operate retail gas stations in more than 20 states. In addition Murphy USA would operate seven distribution terminals and ethanol production facilities in two states.

Shares of both Murphy Oil and Wal-Mart are both down a bit since the markets opened this morning. Murphy Oil shares dipped in the first part of the year before erasing their losses by December. Murphy Oil’s third-quarter earnings were down 44 percent in October due to weaker prices for natural gas and weakened retail marketing margins.

Shares of Wal-Mart have increased over the past year, with trading mostly flat around the $70 per share mark for the last six months. Wal-Mart Stores, Inc. (NYSE:WMT) has seen challenges in making sales as the low income customers it targets deal with high gas prices and unemployment levels. In spite of these issues, the retail chain reported third-quarter earnings that were 9 percent higher than the previous quarter.

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Michelle Jones is editor-in-chief for ValueWalk.com and has been with the site since 2012. Previously, she was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Email her at [email protected]
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