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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.
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 ...
It is telling that Warren Buffett held on to Phillips 66, the refiner that ConocoPhillips spun off last year, while selling ConocoPhillips. At the end of September 2013, Berkshire had nearly 27 ...
Phillips 66, which has operated the refineries since its 2012 spin off from ConocoPhillips, said it would replace their output with sources “inside and outside its refining network” and with ...
A decade later, ConocoPhillips would then divest its downstream operations that consisted of its gas stations refueling operations under the brands of Conoco, Phillips 66, and 76. The divestiture would eventually commence and the spin-off that contained the downstream operations of ConocoPhillips went under a separate company known as the ...
In 2012 ConocoPhillips spun off its downstream and midstream assets as a new independent energy company, Phillips 66, which still operates the Ferndale Refinery. ConocoPhillips became the second company to abandon the vertically integrated model, following Marathon Oil Corporation’s decision to spin off its downstream assets in 2011.
Since spinning off from ConocoPhillips, Phillips 66 has been nothing short of spectacular. The company is up 40% since April's split, and this past quarter gave us a glimpse inside of this refiner ...
Phillips 66 will release its quarterly report on Wednesday, and investors are already bracing for a huge drop in earnings. Yet in the aftermath of its spinoff from ConocoPhillips , Phillips 66 has ...