Murphy USA

Last updated
Murphy USA
Public
Traded as NYSE:  MUSA
S&P 400 Component
Founded1996 (became independent in 2013 as spin-off of Murphy Oil)
Headquarters El Dorado, Arkansas, U.S.
Key people
ServicesService stations
Website murphyusa.com
New large 1,200 square foot location MurphyUSA 2015 Location.jpg
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]

Corporation Separate legal entity that has been incorporated through a legislative or registration process established through legislation

A corporation is an organization, usually a group of people or a company, authorized to act as a single entity and recognized as such in law. Early incorporated entities were established by charter. Most jurisdictions now allow the creation of new corporations through registration.

Chain store retail outlets that share a brand and central management, and usually have standardized business methods and practices.

A chain store or retail chain is a retail outlet in which several locations share a brand, central management, and standardized business practices. They have come to dominate the retail and dining markets, and many service categories, in many parts of the world. A franchise retail establishment is one form of chain store. In 2004, the world's largest retail chain, Walmart, became the world's largest corporation based on gross sales.

Walmart U.S. discount retailer based in Arkansas

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. It also owns and operates Sam's Club retail warehouses. As of January 31, 2019, Walmart has 11,361 stores and clubs in 27 countries, operating under 55 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, as Asda in the United Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It has wholly owned operations in Argentina, Chile, Canada, and South Africa. Since August 2018, Walmart only holds a minority stake in Walmart Brasil, with 20% of the company's shares, and private equity firm Advent International holding 80% ownership of the company.

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." [4]

Core-Mark Holding Company distributes fresh, chilled and frozen merchandise mainly to convenience stores in the United States. It also provides associated business services such as category management and management of promotions.

Locations

Murphy USA operates more than 1,400 retail fueling stations in 26 US states. Over 1,100 locations are located near Walmart stores. As part of the company's new direction, more than 240 stations, also known as Murphy Express stores, are located independently. [5] 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.

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Convenience store small store that stocks a range of everyday items

A convenience store, convenience shop, or corner store is a small retail business that stocks a range of everyday items such as groceries, snack foods, confectionery, soft drinks, tobacco products, over-the-counter drugs, toiletries, newspapers, and magazines. In some jurisdictions, convenience stores are licensed to sell alcohol, typically beer and wine. Such stores may also offer money order and wire transfer services, along with the use of a fax machine or photocopier for a small per-copy cost. They differ from general stores and village shops in that they are not in a rural location and are used as a convenient supplement to larger stores.

7-Eleven Inc. is a Japanese-owned American international chain of convenience stores, headquartered in Dallas, Texas. The chain was known as Tote'm Stores until it was renamed in 1946. Its parent company since 2005, Seven-Eleven Japan Co., Ltd., operates, franchises, and licenses 67,480 stores in 17 countries as of December 2018. Seven-Eleven Japan is headquartered in Chiyoda, Tokyo and held by Seven & I Holdings Co., Ltd.. The most recent franchise agreement gives up to 59% of a franchise's gross profit to the company.

Sunoco American petroleum and petrochemical manufacturer

Sunoco LP is an American master limited partnership organized in Delaware and headquartered in Dallas, Texas that is a wholesale distributor of motor fuels. It distributes fuel to 5,322 Sunoco-branded gas stations, almost all of which are owned and operated by third-parties. The partnership is controlled by Energy Transfer Partners.

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Alimentation Couche-Tard

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Speedway LLC chain of gas stations and convenience stores

Speedway LLC is an Enon, Ohio based convenience store and gas station chain with locations primarily located in the Midwest and the East Coast of the United States, primarily within the states of Connecticut, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Virginia, West Virginia, and Wisconsin. The company is a wholly owned subsidiary of the Marathon Petroleum Corporation and is the largest convenience store chain in central Ohio.

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Giant Eagle is an American supermarket chain with stores in Pennsylvania, Ohio, West Virginia, Indiana, and Maryland. The company was founded in 1918 in Pittsburgh, Pennsylvania, and incorporated on August 31, 1931. Supermarket News ranked Giant Eagle No. 21 in the 2012 "Top 75 North American Food Retailers" based on 2011 fiscal year estimated sales of $9.3 billion. In 2005, it was the 32nd-largest privately held corporation, as determined by Forbes. Based on 2005 revenue, Giant Eagle is the 49th-largest retailer in the United States. As of Summer 2014, the company has approximately $9.9 billion in annual sales, Giant Eagle has 417 stores. The company also operates 168 fuel station/convenience stores under the GetGo banner.

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A-Plus

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Murphy Oil company

Murphy Oil Corporation is a petroleum and natural gas exploration company headquartered in El Dorado, Arkansas. The company also has operating offices in Houston, Texas, Calgary, Alberta, and Kuala Lumpur, Malaysia.

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CST Brands, Inc. was an American publicly traded fuel and convenience retailer. It was the second-largest of its kind in North America, with 1,900 outlets in the U.S. and Canada. CST Brands had 2013 revenues of about $12.8 billion and made approximately $360 million in EBITDA. Stores were concentrated in the central and southwestern U.S. states and in eastern Canada. Corner Store was the firm's primary retail brand in the US and in Canada's English speaking provinces. In Canada's French speaking provinces, Dépanneur du Coin is the company's retail brand. In addition to convenience store retail sales, CST Brands also sold fuel under a number of licensed energy brands such as Valero, Exxon, Shell, and Phillips 66.

References

  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. "Murphy Oil USA - Investor Relations - News Release". ir.corporate.murphyusa.com. Retrieved 2016-02-16.
  5. "About Murphy USA | Quality fuels, low prices and tremendous opportunities for investment and employment". corporate.murphyusa.com. Retrieved 2016-02-16.