Murphy USA Inc. announces an Equity Buyback for $1,000 million worth of its shares.
December 01, 2021 at 04:33 pm EST
Murphy USA Inc. (NYSE:MUSA) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock. The purpose of the program is to maximize value creation over time in line with company?s updated capital allocation strategy. Any repurchased shares will be available for use in connection with the company?s stock plans and for other corporate purposes. The program will be executed by December 31, 2026.