Murphy Oil focuses on strengthening core businesses.

Extract


Murphy Oil focuses on strengthening core businesses.

WHEN MURPHY OIL CORP. announced last month its intent to sell its three refineries and retail network in the United Kingdom, the company's leaders explicitly stated why: to strengthen the firm.

Strengthening Murphy Oil, based in El Dorado, means narrowing its focus. The worldwide oil and gas company will emphasize two sides of the business, the upstream--exploration and production--and retail, meaning its more...

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