- Murphy USA Inc (NYSE:MUSA) announced its Board of Directors authorized a new share repurchase of up to $1 billion to begin upon completion of the current $500 million authorization.
- The company will execute the new buyback by December 31, 2026.
- The new approval is a continuation of the company's updated capital allocation strategy announced in October 2020.
- Murphy held $301.3 million in cash and equivalents as of September 30, 2021.
- Price Action: MUSA shares closed higher by 1.22% at $175.45 on Wednesday.
Market News and Data brought to you by Benzinga APIs
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
