Murphy Oil Corp said Chief Executive Steve Cosse will step down after the completion of a spinoff of the company's retail gasoline business in the second half of this year.Chief Operating Officer Roger Jenkins will lead the company focused solely on oil and gas exploration and production after the spinoff, Murphy said.Cosse - appointed CEO in June last year - led Murphy Oil through the spinoff, announced in October to improve the stock's valuation.Rivals ConocoPhillips, Marathon Oil Corp and Hess Corp have also tried to increase value by separating their production and refining businesses.
Shares of COP traded higher by 0.71% or $0.44/share to $62.36. In the past year, the shares have traded as low as $50.62 and as high as $72.50. On average, 7215300 shares of COP exchange hands on a given day and today's volume is recorded at 1434297.
Marathon Oil Corporation (Marathon Oil) is an international energy company engaged in exploration and production, oil sands mining and integrated gas with operations in the United States, Angola, Canada, Equatorial Guinea. Shares of MRO fell by 0.21% or $-0.07/share to $33.46. In the past year, the shares have traded as low as $23.17 and as high as $35.86. On average, 5141120 shares of MRO exchange hands on a given day and today's volume is recorded at 401239.
Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company with retail and wholesale gasoline marketing operations in the United States and refining and marketing operations in the United Kingdom. Shares of MUR traded higher by 0.9% or $0.55/share to $61.99. In the past year, the shares have traded as low as $43.29 and as high as $64.91. On average, 1581530 shares of MUR exchange hands on a given day and today's volume is recorded at 162893.
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