Wal-Mart Stores Inc.
) recently inked an agreement with Murphy USA, a wholly owned
Murphy Oil Corporation
), wherein Murphy USA will build fuel stations at 200 Wal-Mart
stores in the Midwest and Southeast United States.
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Murphy USA is a retail marketing gasoline station in the parking
lots of Wal-Mart Supercenters and at stand-alone locations in the
The new fuel stations are expected to increase traffic in the
Walmart stores of the region. With this agreement with Walmart,
Murphy Oil aims to strive toward spinning off the gas station
business, Murphy USA. The company plans to convert the business
into its own separate publicly traded company.
Earlier, in a separate development, Walmart and Murphy USA
executed the Great Gas Rollback program, helping customers save
on their fuel purchases. Walmart customers using a Walmart gift
card received a 10 cent per gallon discount while customers using
Walmart MoneyCard or Walmart credit card got a 15 cents per
gallon discount on their fuel purchase. The discount, which was
valid from August 31 to December 24, was available across all
Murphy USA gas stations located in Wal-Mart supercenters.
Walmart has 8,500 stores in 15 countries, under 55 different
names. Walmart also continues to expand internationally and in
the emerging markets through accretive acquisitions and opening
However, Walmart, which competes against
), needs to be more careful as customers seek discounts on items
to curb expenses. Currently, we have a Neutral recommendation on
the stock. Wal-Mart carries a Zacks #3 Rank (short-term Hold