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MUSA - Murphy Oil And Murphy USA - Q2 Earnings In Opposite Directions
Murphy USA Inc.
Murphy Oil Corporation (MUR) has been around for a long time. The company began operations in 1950 as Murphy Corporation and changed its name in 1964. MUR is headquartered in El Dorado, Ark.
The company is engaged in oil and gas exploration in the US and Canada. Murphy had an investment in Malaysia, but it divested earlier this year. MUR also completed a $300 million share repurchase program at the end of the second quarter, but it did little to support the price of the stock. The company authorized and disclosed a $500