When did Phillips 66 split from ConocoPhillips?
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When did Phillips 66 split from ConocoPhillips?
2012
In 2012, ConocoPhillips separated into two stand-alone publicly traded companies, one of which is Phillips 66. Our company comprises a number of heritage, joint venture and acquired brands.
When did Conoco and Phillips split?
In 2012, ConocoPhillips (COP ) spun off its downstream assets and midstream assets to create the independent energy company Phillips 66 (PSX ). Prior to the spin off, ConocoPhillips was the fifth largest integrated oil company in the world, after it had merged with Phillips Petroleum in 2002.
Who is Phillips 66 owned by?
Phillips Petroleum Company
| Type | Public |
|---|---|
| Fate | Merged with Conoco Inc. to form ConocoPhillips |
| Successor | ConocoPhillips (2002) Phillips 66 (2012) |
| Headquarters | Bartlesville, Oklahoma , U.S. |
| Products | Petroleum |
Is Conoco and Phillips 66 the same gas?
In 2002, Phillips Petroleum merged with Conoco to form ConocoPhillips. The merged company continued marketing gasoline and other products under the Phillips 66, Conoco, and 76 brands. However, Phillips 66 Company licenses the Phillips 66 brand to Suncor Energy for its Phillips 66-branded stations in Colorado.
Is Phillips 66 top tier?
Good news for drivers everywhere – our gas has 3 times more detergent than the minimum required by the EPA and 30% more than the minimum specified in the TOP TIER® Detergent Gasoline standard recommended by major car manufacturers.
Is Conoco and ConocoPhillips the same company?
Conoco Inc. (/ˈkɒnəkoʊ/ CON-uh-koh) was an American oil and gas company that operated from 1875 until 2002, when it merged with Phillips Petroleum to form ConocoPhillips.
What happened to ConocoPhillips?
On May 1, 2012, all midstream, downstream, marketing and chemical operations were separated into a new company named Phillips 66, headquartered in Houston. As a result, ConocoPhillips continued its operations as an upstream (exploration and production) company.
When did Conoco and Phillips merge?
August 30, 2002
On August 30, 2002, Conoco Inc. and Phillips Petroleum Company, whose headquarters were in nearby Bartlesville, Oklahoma merged into ConocoPhillips.
What gas stations does ConocoPhillips own?
ConocoPhillips, which operates the Phillips 66, Conoco and 76 brands in the western and central United States, is the latest big oil company to sell its service stations. “Tying up capital in a retail gas station is not its most efficient use,” Phil Weiss, energy analyst at the Argus Research Company, said.
Is Conoco the same as ConocoPhillips?
Conoco Inc. (/ˈkɒnəkoʊ/ CON-uh-koh) was an American oil and gas company that operated from 1875 until 2002, when it merged with Phillips Petroleum to form ConocoPhillips. Founded by Isaac Elder Blake in 1875 as the “Continental Oil and Transportation Company”.
Who did ConocoPhillips buyout?
Concho Resources
ConocoPhillips has completed its acquisition of Concho Resources. This website provides details about the acquisition. “This acquisition results in the combination of two premier companies that can lead the structural change for our vital industry that’s critical to investors.
How many conocophillip shares did Conoco get for Phillips 66?
On April 30, 2012, ConocoPhillip investors received one share of Phillips 66 for every two Conoco shares owned.
How many stock splits has ConocoPhillips (COP) had?
ConocoPhillips (COP) has 6 splits in our ConocoPhillips stock split history database. The first split for COP took place on January 02, 1997. This was a 11 for 10 split, meaning for each 10 shares of COP owned pre-split, the shareholder now owned 11 shares.
What happened to ConocoPhillips spin offs?
The Spin Off. In 2012, ConocoPhillips (COP ) spun off its downstream assets and midstream assets to create the independent energy company Phillips 66 (PSX ). Prior to the spin off, ConocoPhillips was the fifth largest integrated oil company in the world, after it had merged with Phillips Petroleum in 2002.
When will the 2012 distribution of Phillips 66 common stock occur?
This distribution is expected to occur after market close on April 30, 2012. ConocoPhillips shareholders will receive one share of Phillips 66 common stock for every two shares of ConocoPhillips common stock held at the close of business on the record date of April 16, 2012.
