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On August 30, 2002, Conoco Inc. and Phillips Petroleum Company, whose headquarters were in nearby Bartlesville, Oklahoma merged into ConocoPhillips. [ 11 ] [ 15 ] By January 2002, the groups organizing the merger had selected Houston as the site of the headquarters.
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.
ConocoPhillips said Wednesday it had agreed to buy Marathon Oil in an all-stock deal worth $22.5 billion, including about $5.4 billion of debt. ... The merger of the Houston-based rivals follows ...
This large debt caused Phillips Petroleum to begin selling many of its assets, including refineries, and led to the 2002 merger with Conoco. Phillips Petroleum Corp. and Chevron Corp. combined their worldwide chemical businesses in 2000 to form a new company, Chevron Phillips Chemical Corp., LLC. This excluded Chevron's oronite additives, which ...
Conoco gas station and quick shop in Miles City, Montana. Along with sister brands, Phillips 66, and 76, "Conoco" (/ ˈ k ɒ n ə k oʊ /), [39] is a major American brand of oil and gas station that has been owned by Phillips 66 since 2012 and was originally the brand used by its originator, Conoco Inc., from 1875 to its merger with Phillips ...
Aug. 7—ConocoPhillips had a busy second quarter, progressing on its new Willow Project oilfield in the National Petroleum Reserve on the North Slope of Alaska, its $22.5-billion merger with ...
In 2006, the company was acquired by ConocoPhillips. History. In 1988, the company was formed to own the resource assets of Burlington Northern Railroad.
Outsize profits have unleashed a frenzy of merger and acquisition (M&A) activity. But true to form, ConocoPhillips has been noticeably absent from the buying spree . Acquiring Marathon Oil is a ...
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