MURPHY USA INC
MUSA
Consumer Discretionary
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Murphy USA Inc. operates as a leading independent retailer of motor fuel in the United States, deriving substantially all of its revenue from the sale of gasoline and convenience merchandise. The company markets retail motor fuel products and convenience goods through a network of more than 1,700 stores located primarily in the Southwest, Southeast, and Midwest United States.
The company’s operations are fundamentally tied to the downstream fossil fuel economy. It maintains a supply infrastructure that includes product distribution terminals and pipeline positions to support its retail network. While it sells products from renewable sources such as ethanol, its core business model is the retail distribution of gasoline. Murphy USA retains environmental exposure associated with the marketing operations of its former parent, Murphy Oil Corporation.
Murphy USA operates a network of retail fuel stations and convenience stores across the United States. Its core business involves the storage and sale of gasoline and diesel fuel, activities inherently tied to the risk of environmental contamination from leaks and spills.
The company has a documented history of significant environmental violations. According to ViolationTracker, Murphy Oil USA has accumulated over $475 million in environmental penalties across 25 enforcement records. A major incident was the 2005 Murphy Oil spill in Chalmette, Louisiana, following Hurricane Katrina, where a storage tank released over one million gallons of crude oil into a residential community. The resulting class action settlement addressed claims of negligence, nuisance, trespass, and groundwater contamination. Separately, the company has faced repeated enforcement under the Clean Air Act; in one case, a U.S. District Court found Murphy Oil had violated the Act at least 21 times at its Meraux, Louisiana refinery.
Research Sources
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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