The integrated energy company derives about 69 percent of annual sales ($19 billion in 2009) from its U.S. refining and marketing operations.
Chief executive David Wood said on the recent fourth-quarter earnings call that the company was open to opportunities to expand its presence in the ethanol refining business, as the one plant Murphy Oil acquired last year only covers about a quarter of the volume needed in ethanol-blended gasoline that Murphy sells through its own retail network. Read More….
Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.