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ConocoPhillips is a signatory participant of the Voluntary Principles on Security and Human Rights. In 2016, ConocoPhillips was ranked as being among the 12th best of 92 oil, gas, and mining companies on indigenous rights in the Arctic. [77]
These two locations, although more than 200 miles (320 km) apart, are considered one operation. They are directly connected by a 200-mile pipeline (320 km). [ 1 ] The refinery is owned and operated by Phillips 66 , a downstream company with midstream and chemical businesses spun off from ConocoPhillips in 2012.
Encana subsequently spun off oil sands producer Cenovus and ConocoPhillips spun off Phillips 66. In return for a 49% stake in the refinery, ConocoPhillips gained a joint interest in two Alberta oil sands (bitumen) heavy oil projects: Christina Lake (Alberta) and Foster Creek. ConocoPhillips’ interest was sold to Cenovus in May 2017, leaving ...
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.
ConocoPhillips's plans to acquire independent oil and gas producer Marathon Oil in an all-stock deal for $22.5 billion including debt continues a recent string of deals in the energy space.
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 ...
Tuesday is looking like a bad day to be invested in oil stocks, as downbeat news in the oil sector takes a toll on shares of oil majors ExxonMobil (NYSE: XOM), ConocoPhillips (NYSE: COP), and BP ...