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ConocoPhillips To Split. Expect Upstream Consolidation To Follow By CHRISTOPHER HELMAN
ConocoPhillips announced today its plan to split into two. The third biggest US integrated oil company will separate its upstream oil-and-gas exploration and production division from its downstream refining division.
... read moreUS HOT STOCKS: JP Morgan, ConocoPhillips, Southern Union, Marriott ConocoPhillips ($78.65, +$4.25, +5.71%) disclosed plans to separate its refining and production businesses into two standalone, publicly traded corporations, becoming the largest energy company to date to reveal such intentions.
... read moreStocks to watch: JPMorgan, ConocoPhillips Oil giant
ConocoPhillips (COP) said Thursday it plans to split into two publicly traded companies, leaving its exploration and production businesses as a standalone entity and spinning off its refining and marketing operations.
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