Murphy USA Inc. (NYSE:MUSA) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its shares. The company expects to use its balance sheet flexibility, operating cash flow and proceeds from the sale of non-core assets to fund the repurchase program.

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, applicable legal requirements and other growth opportunities available to the company. The program will run until December 31, 2017.