Murphy Oil Corp (MUR.N) has sold the smallest of its three refineries for $214 million plus inventory, bringing the company a step closer to shedding refining to focus on exploration and production. The company said on Monday that Calumet Specialty Products Partners L.P. (CLMT.O), a U.S. refiner of specialty products such as petroleum waxes and solvents, would purchase Murphy's 34,300 barrel-per-day oil refinery in Superior, Wisconsin.
Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom. Shares of MUR fell by 0.27% or $-0.19/share to $69.52. In the past year, the shares have traded as low as $52.09 and as high as $78.16. On average, 1867140 shares of MUR exchange hands on a given day and today's volume is recorded at 1880561.
Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products in North America. Shares of CLMT fell by 1.51% or $-0.36/share to $23.44. In the past year, the shares have traded as low as $17.10 and as high as $24.95. On average, 189940 shares of CLMT exchange hands on a given day and today's volume is recorded at 227522.
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