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Murphy Oil Signs Deal with Wal-Mart To Construct 200 New Retail Fuel Stations; Shares Edge Higher

Murphy Oil's ( MUR ) wholly owned subsidiary, Murphy Oil USA, Inc., has signed an agreement with Wal-Mart Stores, Inc. ( WMT ) to provide access to over 200 new locations within its core market area covering the Midwest and Southeast U.S.

Under the deal, Murphy USA will build the new fuel stations at existing Walmart supercenters. The construction program is expected to be completed over the next three years.

MUR shares are up 0.47% to $60.20, while WMT shares are down 0.3% to $68.37. MUR trades within a 52-week range of $43.29 - $65.60.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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