Murphy USA Inc. Announces $1 Billion Repurchase Program

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Dec 01, 2021

The Board of Directors of Murphy USA Inc. (NYSE: MUSA) recently authorized a new share repurchase authorization of up to $1 billion to begin upon completion of the current $500 million authorization and to be executed by December 31, 2026. The new authorization is a continuation of the company’s updated capital allocation strategy, which was announced in October 2020, and reaffirms the company’s commitment to supplement organic growth initiatives with shareholder distributions, including our recently announced dividend growth plan, to maximize value creation over time.