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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.
Debuting as one of the largest IPOs in history, Conoco merged with the Phillips Petroleum Company to form ConocoPhillips in the early 2000s. [28] [29] Similar to Marathon's business strategy, ConocoPhillips would later divest its downstream assets into a new company titled Phillips 66, which currently controls the original Conoco brand name. [30]
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 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 ...
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 ...
After a spinoff from parent company ConocoPhillips (NYS: COP) back in April, midstream oil specialist Phillips 66 (NYS: PSX) posted yet another impressive earnings report. The stock was down today ...
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 ...
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.