Murphy USA Inc.: Announces Share Repurchase Program

EL DORADO, Arkansas, October 22, 2014 - Murphy USA Inc., MUSA announced today that the Board of Directors has authorized a share repurchase program up to $250 million of the Company's common stock.

The timing and number of shares repurchased under the program will be determined by management at its discretion, and will depend on a number of factors, including compliance with the terms of our outstanding indebtedness, general market and business conditions and applicable legal requirements.  The share repurchase program is expected to be completed by December 31, 2015.  Murphy USA Inc. expects to use existing cash balances to fund the repurchase program. 

"We are proud to make this announcement.  It is our second time to reward shareholders this calendar year and comes on the heels of our first anniversary as a standalone company," said Andrew Clyde, President and CEO.  "We believe that with continued execution of our strategy we will be well positioned with strong cash flow providing future opportunities for investing in our organic growth plans and rewarding long-term investors in Murphy USA."

This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995, including the expected benefits of the transaction and our growth plans. Such statements are based on the current beliefs and expectations of management and are subject to significant risks and uncertainties.  As such, no assurances can be given that these events will occur or that the projections will be attained. Factors that could cause actual results to differ include, but are not limited to, a deterioration in the business or prospects of the U.S. retail marketing business, adverse developments in the U.S. retail marketing business's markets or adverse developments in the U.S. or global capital markets, credit markets or economies generally, the volatility and level of crude oil, corn and other commodity prices, the volatility and level of gasoline prices, customer demand for our products, political and regulatory instability, and uncontrollable natural hazards.For further discussion of risk factors, see Murphy USA's most recent 10K, 10Q's, and other filings with the SEC.  Murphy USA takes no duty to publicly update or revise any forward-looking statements to reflect subsequent events or new information.

Investor/Media Contact: Tammy L. Taylor, 870-881-6853