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In 2012, ConocoPhillips divested its refining and marketing business, which included the 76 brand, through the formation of Phillips 66. [ 9 ] In 2016, Saudi Aramco -owned Motiva Enterprises signed a deal with Phillips 66 Company which would allow Motiva to use the 76 brand on some of its stations in its 26 eastern and Gulf Coast states ...
The first Phillips 66 logo, branded by the Phillips Petroleum Co. in 1930. The Phillips 66 shield logo, linking it to U.S. Route 66, was introduced in 1930. [11] After a series of changes to the color scheme including the popular dark green with orange and blue trim, [11] the company settled on black and orange color scheme that would last nearly thirty years.
In June 2011, ConocoPhillips China Inc., a wholly owned subsidiary of ConocoPhillips, was responsible for the 2011 Bohai bay oil spills in Bohai Bay. [81] In 2015, ConocoPhillips and Phillips 66 agreed to pay $11.5 million to settle a lawsuit alleging that hundreds of their gas stations violated California anti-pollution laws since 2006.
It's been a great eight months for investors since ConocoPhillips spun off Phillips 66 . Both have trounced the return of the S&P 500 as investors have realized the true value of the assets. As ...
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This is why both ExxonMobil and Conoco Phillips rallied along with oil prices, which were up nearly 4.5% to $71.25 as of this writing. Higher oil prices would obviously benefit the top and bottom ...
It was Phillips Petroleum that first found oil in the North Sea on December 23, 1969, at a position that was later named Ekofisk. [1] On August 30, 2002, Conoco Inc. merged with Phillips Petroleum to form ConocoPhillips, becoming the third largest integrated energy company and second-largest refining company in the United States.
In 1997, Tosco bought the rights to the Union 76 brand of gas stations and the western United States refining and marketing operations from Unocal. [4] Tosco merged with Phillips Petroleum in 2001. [5] Phillips merged with Conoco in 2002 to become ConocoPhillips, who spun off the Circle K stores to Canadian-based Alimentation Couche-Tard.
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