Arkansas-based Murphy Oil Corp. owns convenience and fuel retailers Murphy USA and Murphy Express. Murphy Oil Corp. is a publicly traded company listed on the New York Stock Exchange, symbol MUR. In 2013, Murphy Oil Corp. spun off Murphy USA into a downstream subsidiary, which operates independently of the parent company and is separately traded.
Murphy USA is the retail arm, selling petroleum products and convenience merchandise through a large chain of more than 1,200 convenience stores in 23 states. Stores are positioned as the low-cost fuel-market leader, with most sites located on the parking lot of a Walmart.
The chain is known for extremely high sales volume per square foot it in its kiosks, which average about 440 square feet in size. More than three-fourths of the Murphy USA stores are only about 200 square feet. In recent years, the company has rolled out a new 1,200-square-foot prototype, which allows for offerings such as an in-store ATM and refrigerated units, as well as higher-margin items, such as dispensed coffee and fountain drinks.
A new, larger format for Murphy Express is 3,450 square feet and includes 24 fountain heads, eight ICEE heads, four coffee stations and eight cappuccino heads, as well as a larger variety of snacks and non-food items. The company has 213 stand-alone Murphy Express stores.
The company planned to open 86 locations in 2015, six of them large-format Express stores. In 2016, another 85 locations are planned, including six larger Express stores. All will feature the new design.
|Headquarters:||El Dorado, Arkansas|
|No. of Stores:||1296|
|Average Store Size:||Less than 1,000 sq. ft.|
|Rank Last Year:||8|
|States of Operation:||Alabama, Arkansas, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Virginia|