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In 1988, the company was formed to own the resource assets of Burlington Northern Railroad. The company became a public company. In 1989, the company spun off Plum Creek Timber. [2] In 1997, the company acquired Louisiana Land & Exploration, gaining interest in properties in the Gulf of Mexico. [3]
In 2006, the company acquired assets from Chase Oil and formed Concho Resources Inc. In 2007, the company became a public company via an initial public offering. [2] In 2008, the company acquired Henry Petroleum for $584 million. [3] In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion. [4]
The legacy company kept its name, and spun off the midstream and downstream portions of its business. [3] The new company, which owns the refinery, chemical and pipeline assets formerly held in ConocoPhillips, is named Phillips 66, the brand name and trademark used by the original Phillips Petroleum from 1930 until the 2002 ConocoPhillips ...
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ConocoPhillips , the world's largest independent energy exploration and production company by production and proved reserves, completed the sale of its Algeria business unit to Indonesia's state ...
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In September 2021, ConocoPhillips announced it would buy all of Royal Dutch Shell PLC's assets in the Permian basin for around $9.5 billion in cash. [ 57 ] In June 2022, ConocoPhillips became one of the stakeholders in the joint venture with QatarEnergy for the North Field East (NFE) expansion, holding 3.125%, as well as holding 6.25% stakes in ...
The award involves interest that raises the amount owed to ConocoPhillips (COP) by at least $1 billion. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ...