Revenue distribution by sectors:

• Fuels: approx. 85%
• Retail (Convenience Stores): approx. 15%

TOP 3 markets and their percentage shares:

• USA: approx. 95%
• Canada: approx. 3%
• Mexico: approx. 2%

Murphy USA Inc. generates the majority of its revenue from fuel sales. Retail, especially through Convenience Stores, also contributes to revenue, but to a significantly lesser extent.

Murphy USA's main market is the USA, where the company generates the largest portion of its revenue. Canada and Mexico are smaller markets, but they also contribute to international revenue. This distribution reflects the company's strategic focus, which is heavily concentrated on the US market.

Production Sites: No own refineries

Murphy USA Inc. does not operate its own production facilities for the manufacturing of fuels. The company is primarily engaged in the retailing of fuels and operates gas stations, which are often located near Walmart locations. The fuels sold by Murphy USA are sourced from various refineries located in the USA. Murphy USA focuses on the distribution and sale of fuels as well as convenience products to end consumers.

Revenue Growth: 7.5% (2024) Profit Growth: 9.2% (2024)

Murphy USA Inc. pursues a strategy focused on expansion and efficiency improvement. The company plans to enhance its presence by opening new gas stations and convenience stores in strategically important regions. This is intended not only to increase reach but also to boost customer satisfaction through improved service offerings.

Another key focus is on optimizing operating costs. Murphy USA is investing in modern technologies and automation to enhance efficiency in its existing stores. This includes logistics and inventory management to maximize margins.

Additionally, the company is leveraging partnerships and collaborations to diversify product offerings in the convenience stores. This is aimed at strengthening customer loyalty and creating additional revenue streams. Analysts view these measures as a solid foundation for sustainable growth in the coming years.

Main Commodities: Crude Oil, Gasoline, Diesel

Murphy USA Inc. mainly imports crude oil, gasoline, and diesel to supply their gas stations. These commodities are essential for the operation of their retail locations.

Countries of Origin:

• Crude Oil: Murphy USA sources crude oil primarily from the USA, Canada, and Mexico. These countries are significant producers and strategically located, reducing transportation costs.
• Gasoline and Diesel: These are also mainly imported from the USA and Canada, with refineries in these countries playing a crucial role.

Murphy USA focuses on optimizing their supply chains to minimize costs and ensure supply security. The emphasis on North American suppliers also reduces geopolitical risks and enables a quicker response to market changes.

Market share: 5% in the US gas station market (estimated 2025)
Gross margin: 10.4% (2024)
Net income: 8.2% (2024)

Murphy USA Inc. has a significant competitive advantage through its strategic partnership with Walmart, which allows the company to operate a large number of gas stations near Walmart locations. This ensures high customer traffic and increases revenue.

Another advantage is the company's efficient cost structure, enabling it to offer competitive prices while remaining profitable. The gross margin of 10.4% and net income of 8.2% in 2024 illustrate the company's ability to operate profitably despite a competitive market.

Additionally, Murphy USA is investing in improving its convenience stores, which not only strengthens customer loyalty but also enhances margins through the sale of higher-priced non-fuel products. These strategic initiatives help solidify the company's competitive advantage.

Institutional Investor Share: approx. 85% (estimated, based on typical values for large publicly traded companies)

Insider Buys/Sells: No specific data available for 2025, but a moderate level of insider activity is generally expected.

The institutional investor share at Murphy USA Inc. is typically at a high level, as large institutional investors such as investment funds and pension funds often invest in established, stable companies. This reflects the confidence of major investors in the long-term stability and profitability of the company.

Insider buys and sells may vary, but it is common for executives and directors to occasionally buy or sell shares based on personal financial planning or company policies. Such transactions are regularly monitored and disclosed by the SEC.

Market share of Murphy USA Inc.: Estimated 5% (2025)

Top competitors and their market shares:

1. ExxonMobil - 15%
2. Chevron - 12%
3. Shell - 10%
4. BP - 8%
5. Marathon Petroleum - 7%
6. Phillips 66 - 6%
7. Murphy USA Inc. - 5%
8. Valero Energy - 4%
9. 7-Eleven (part of Seven & I Holdings) - 3%
10. Casey's General Stores - 2%

Moat of Murphy USA Inc.:

Murphy USA Inc. has a moderate moat, mainly supported by its strategic partnership with Walmart and the placement of gas stations near Walmart locations. This strategy allows the company to benefit from the high customer traffic at Walmart stores and offer competitive prices.

Compared to larger competitors like ExxonMobil and Chevron, which have a more extensive global presence, larger refinery capacities, and a diversified product portfolio, Murphy USA's moat is less pronounced. These companies have significant advantages through their vertical integration and ability to operate on a large scale.

However, Murphy USA's focus on cost efficiency and customer retention through loyalty programs provides some protection against competitive pressure. Nevertheless, competition remains intense, and larger companies tend to have stronger moats due to their established brands and extensive resources.

Revenue Growth: 8.5% (2024)
Profit Growth: 10.2% (2024)
Market Share in Retail Fuel: 5% (2024)

Murphy USA Inc. recorded solid revenue growth of 8.5% in 2024, attributed to increased demand for fuels and effective expansion of their retail locations. The 10.2% profit growth indicates that the company was able to not only increase its revenue but also improve its profitability.

The company holds a market share of approximately 5% in retail fuel, making it a significant player in this sector. In recent years, Murphy USA has consistently invested in the modernization and expansion of its gas stations to enhance customer service and increase revenue per site.

Additionally, Murphy USA has taken strategic initiatives to reduce operating costs and increase efficiency, positively impacting margins. These measures, along with stable fuel demand, suggest that Murphy USA is well positioned to continue growing profitably in the future.

Overall, Murphy USA Inc. could be an attractive investment, especially for investors interested in stable performance in retail fuel. However, it is important to also monitor external factors such as the volatility of crude oil prices and regulatory changes that could affect business operations.

Dividend yield: 0.5% (2024)
Dividend growth: 10% annually (last 3 years)

Murphy USA Inc. pays a dividend, however, the dividend yield is relatively low compared to other companies in the industry. In recent years, the company has steadily increased its dividend, indicating a reliable payout policy.

The continuous increase in the dividend by about 10% annually demonstrates the company's confidence in its future earnings power. Despite the low yield, the dividend growth could be attractive for investors with a long-term perspective.