Murphy Oil to Sell Refineries

Murphy Oil’s board of directors has approved plans to sell its US and UK refining businesses.

The three refineries up for sale are at Superior, Wisconsin, Meraux, Louisiana, and Milford Haven, Wales, along with Murphy Oil’s UK retail system.

“By exiting the refining business we can fully focus our attention and resources on continuing that growth, developing a premier international upstream business and a top quartile US retail franchise,”said Murphy Oil president and CEO David Wood.