conoco phillips 66 | BTCC Knowledge

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Who owns Phillips 66 & ConocoPhillips?

The downstream company, led by Chairman and CEO Greg Garland, will be known as Phillips 66. Both companies will be headquartered in Houston. The two new companies will be separated through the distribution of shares of Phillips 66 to holders of ConocoPhillips common stock. This distribution is expected to occur after market close on April 30, 2012.

Is ConocoPhillips a spinoff of Phillips 66?

ConocoPhillips Becomes One of the World’s Largest Independent E&P Companies, Spinoff of Phillips 66… HOUSTON, May 1, 2012 --- ConocoPhillips [NYSE:COP] today announced that it has completed the spinoff of its downstream businesses to its stockholders.

How big is ConocoPhillips 66?

Currently, ConocoPhillips has a market capitalization of nearly $77 billion. Phillips 66′s market cap comes in at just over $32 billion, an impressive size considering the newly formed company’s relatively short trading history.

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