Murphy Oil (MUR +1.2%) enters a share-repurchase agreement with J.P. Morgan Chase to buy back...

|About: Murphy Oil Corporation (MUR)|By:, SA News Editor

Murphy Oil (MUR +1.2%) enters a share-repurchase agreement with J.P. Morgan Chase to buy back $250M of its common stock, part of MUR's authorized program to buy back up to $1B of its shares. All MUR shares delivered under the accelerated share-repurchase transaction will be immediately retired.