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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 ...
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.
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 ...
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. The civil complaint, filed in January 2013, alleged that the companies violated state laws on the operation and maintenance of underground gasoline storage tanks ...
ConocoPhillips (NYSE: COP) has grown into one of the world's largest oil and gas producers over the years. The oil company's public history dates back to 1998, when the Continental Oil Company ...
In 2002, Conoco merged with Phillips to become ConocoPhillips. The plant shut down in late September 2011, due to a low profit margin. [13] In 2012, downstream assets of ConocoPhillips were spun off to the newly formed Phillips 66. In 2012, Phillips 66 sold the refinery to Monroe Energy, LLC, a wholly owned subsidiary of Delta Air Lines. [14]
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 ...
The refinery is currently owned by Phillips 66 and Cenovus Energy and operated by the joint-venture company WRB Refining, LLC (WRB). WRB was formed on 1 July 2007, with Encana taking a 49% interest in Wood River and also Phillips 66's Borger refinery. Encana subsequently spun off oil sands producer Cenovus and ConocoPhillips spun off Phillips 66.