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Old 11-11-2011, 07:38 AM
 
Location: Rocky Mountain Xplorer
865 posts, read 588,379 times
Reputation: 611
Default Looks like ConocoPhillips Downstream spinoff to be named "Phillips 66", based in Houston

HOUSTON -- Although the brand has never gone away, the company name Phillips--as in Phillips Petroleum Co.--was absorbed a decade ago into what has become ConocoPhillips. Now ConocoPhillips said that the new independent downstream company created through its previously announced strategic repositioning will be named Phillips 66 Co.
With headquarters in Houston. Phillips 66--with a history that goes all the way back to petroleum industry "birthplace," Bartlesville, Okla., in 1917--will be a leading independent company with refining, marketing, midstream and chemicals businesses operating across the globe. The consumer-facing marketing businesses of ConocoPhillips will transfer to Phillips 66 and continue to operate under the brands Phillips 66, Conoco, 76 and JET, as well as other specialty brands.
Phillips 66 Rises Again
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Old 11-11-2011, 03:53 PM
 
Location: Houston, TX
6,400 posts, read 9,339,821 times
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Good news!
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Old 11-12-2011, 06:51 AM
 
10,427 posts, read 8,452,438 times
Reputation: 11496
I agree that this is good news. Thanks for the post!
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