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Conoco Phillips (COP)

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Last Post: 8/4/2017 6:06:22 PM - Followers: 35 - Board type: Free - Posts Today: 0







ConocoPhillips (ConocoPhillips) is an international, integrated energy company. The Company's business is organized into six segments. Exploration and Production segment primarily explores for, produces and markets crude oil, natural gas and natural gas liquids on a worldwide basis. Midstream segment gathers, processes and markets natural gas produced by ConocoPhillips and others, and fractionates and markets natural gas liquids, primarily in the United States and Trinidad. Refining and Marketing segment purchases, refines, markets and transports crude oil and petroleum products, mainly in the United States, Europe and Asia. LUKOIL Investment segment consists of its equity investment in the ordinary shares of OAO LUKOIL (LUKOIL). The Chemicals segment manufactures and markets petrochemicals and plastics on a worldwide basis. Emerging Businesses segment includes the development of new technologies and businesses outside the Company's normal scope of operations.

600 North Dairy Ashford
Houston, TX 77079
(281) 293-1000
shrrelations@melloninvestor.com
http://www.conocophillips.com/
http://www.conocophillips.com/EN/Pages/index.aspx


ConocoPhillips' Board of Directors Approves Spin-off of Phillips 66
Conocophillips (NYSE:COP)
Today : Wednesday 4 April 2012
ConocoPhillips [NYSE:COP] announced today that its board of directors has given final approval for the spin-off of its downstream businesses. The resulting upstream company will keep the ConocoPhillips name and will be led by Chairman and CEO Ryan Lance. 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. ConocoPhillips shareholders will receive one share of Phillips 66 common stock for every two shares of ConocoPhillips common stock held at the close of business on the record date of April 16, 2012. Fractional shares of Phillips 66 common stock will not be distributed and any fractional share of Phillips 66 common stock otherwise issuable to a ConocoPhillips shareholder will be sold in the open market on such shareholder's behalf, and such shareholder will receive a cash payment with respect to that fractional share.
Following the distribution of Phillips 66 common stock, Phillips 66 will be an independent, publicly traded company, and ConocoPhillips will retain no ownership interest. Phillips 66 has received approval for the listing of its common stock on the New York Stock Exchange under the symbol PSX.
ConocoPhillips has received a private letter ruling from the Internal Revenue Service to the effect that, based on certain facts, assumptions, representations and undertakings set forth in the ruling, for U.S. federal income tax purposes, the distribution of Phillips 66 common stock and certain related transactions generally will not be taxable to ConocoPhillips or U.S. holders of ConocoPhillips common stock, except in respect to cash received in lieu of fractional share interests, which generally will be taxable to such holders as capital gain.
No action is required by ConocoPhillips shareholders in order to receive shares of Phillips 66 common stock in the distribution, and ConocoPhillips shareholders should retain their ConocoPhillips stock certificates. Shareholders entitled to receive the distribution will receive a book-entry account statement reflecting their ownership of Phillips 66 common stock, or their brokerage account will be credited for the shares.
ConocoPhillips expects that a "when-issued" public trading market for Phillips 66 common stock will commence on or about April 12, 2012 under the symbol PSX WI and will continue through the distribution date. ConocoPhillips also anticipates that "regular way" trading of Phillips 66 common stock will begin on the first trading day following the distribution date. In anticipation of this trading, the company will issue a first-quarter interim update to provide investors with an update on the company as well as market and operating conditions experienced during the first quarter of 2012. A full first-quarter earnings announcement is scheduled for April 23, 2012.
Beginning on or about April 12, 2012, and through the distribution date, it is expected that there will be two ways to trade ConocoPhillips common stock - either with or without the right to receive shares of Phillips 66 common stock. Shareholders who sell their shares of ConocoPhillips common stock in the "regular-way" market (that is, the normal trading market on the NYSE under the symbol COP) after the record date and on or prior to the distribution date will be selling their right to receive shares of Phillips 66 common stock in connection with the distribution. It is anticipated that shares of ConocoPhillips common stock will also trade ex-distribution (that is, without the right to receive the Phillips 66 distribution) during that period under the symbol COP WI. Investors are encouraged to consult with their financial advisors regarding the specific implications of buying or selling shares of ConocoPhillips common stock on or before the distribution date.
Prior to the distribution, ConocoPhillips expects to mail an information statement to all shareholders entitled to receive the distribution of shares of Phillips 66 common stock. The information statement will describe Phillips 66, including the risks of owning Phillips 66 common stock, and other details regarding the distribution.
Upon repositioning, Phillips 66 will offer a unique approach to downstream integration, comprising segment-leading refining and marketing, midstream and chemicals businesses, while ConocoPhillips will be the industry's largest and most diverse global, pure-play, upstream company. The repositioning into two leading energy companies will help grow the value of both companies for shareholders by unlocking the potential of their assets and employees.
ConocoPhillips is an integrated energy company with interests around the world. Headquartered in Houston, the company had approximately 29,800 employees, $153 billion of assets, and $245 billion of revenues as of Dec. 31, 2011. For more information, go to www.conocophillips.com.
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS




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COP News: Initial Statement of Beneficial Ownership (3) 10/10/2017 10:54:42 AM
COP News: Automatic Shelf Registration Statement of Securities of Well-known Seasoned Issuers (s-3asr) 10/06/2017 12:59:16 PM
COP News: Current Report Filing (8-k) 10/06/2017 12:42:37 PM
COP News: ConocoPhillips Announces Quarterly Dividend 10/06/2017 12:10:00 PM
COP News: Current Report Filing (8-k) 10/06/2017 10:59:13 AM
PostSubject
#570   Up 65 cents today. Closed at $45.56 dinosaurbob 08/04/17 06:06:22 PM
#569   Up 86 cents today. I like it dinosaurbob 08/02/17 06:36:16 PM
#568   Up 11 cents today. I say it dinosaurbob 07/31/17 04:54:33 PM
#567   I am long on energy stocks right now. dinosaurbob 07/27/17 08:02:26 PM
#566   ConocoPhillips completes sale to Cenovus, revises Q2 production guidance Envestor First 05/18/17 12:44:46 AM
#565   ConocoPhillips ticks lower after surprise adjusted Q1 loss Envestor First 05/02/17 02:46:26 PM
#564   ConocoPhillips could move Australia gas on proposed transcontinental line Envestor First 04/20/17 12:27:04 PM
#563   ConocoPhillips says has potential buyers for LNG plant Envestor First 04/18/17 05:54:25 PM
#562   ConocoPhillips to sell San Juan Basin assets for Envestor First 04/13/17 08:25:33 AM
#561   North Atlantic Drilling Announces long-term contract awards for [SMART MONEY] 04/11/17 04:07:36 PM
#560   ConocoPhillips +6.5% as divestiture seen as big win Envestor First 03/30/17 02:42:53 PM
#559   Negative Blue Leader!! COP going up hard. Prudent Capitalist 03/30/17 12:06:12 PM
#558   No more hope for this baby ..going down tiger1966 03/24/17 01:38:58 PM
#557   Feb 2 (Reuters) - ConocoPhillips, the largest U.S. fuzzy 02/02/17 11:32:37 AM
#556   Just bought a couple hundred more shares. radar72 11/02/16 11:26:05 AM
#555   Nice comeback today. I'm going to be buying radar72 11/01/16 03:47:53 PM
#554   Looks like we could have a new leg radar72 10/28/16 01:31:29 PM
#553   COP UNSTOPPABLE$ Pocket9s 10/01/16 12:02:39 AM
#552   Good stuff. Yeah, EVERYONE is assuming oil radar72 09/12/16 04:06:21 PM
#551   hidden tiger --bouncing Lions ernie44 09/12/16 03:31:10 PM
#550   Love my 31s :) TigerCloud 08/18/16 09:54:51 PM
#549   COP hanging in there OK today so far radar72 07/28/16 11:35:24 AM
#548   Bought some more at $40.05.... radar72 07/27/16 01:05:49 PM
#547   Just bought back into COP here at $40.20's. radar72 07/27/16 12:52:09 PM
#546   Glad I got in again at 32$ CTDT AS 07/14/16 05:31:51 PM
#545   COP great news yesterday CTDT AS 07/14/16 05:31:14 PM
#544   The Oil Glut Is Over, Says World’s Most slazenger7 06/22/16 10:59:11 PM
#543   $60 in 6 months? Could be. slazenger7 06/17/16 10:47:22 PM
#542   Oil may hit $60 by summer: UAE economy minister slazenger7 05/31/16 06:25:41 PM
#541   Latest ConocoPhillips (NYSE:COP) Target Price Suggests Stock Is slazenger7 05/31/16 06:18:29 PM
#540   When oil hits $50.00, COP will follow close behind. slazenger7 05/20/16 11:51:49 AM
#539   Crude Oil Price Charts - slazenger7 04/24/16 08:36:56 PM
#538   Gm all cop CTDT AS 04/13/16 08:36:26 AM
#537   Yes, but the URL link for article showed DocLevi 04/11/16 02:52:43 PM
#536   Doesn't matter if there is or isn't a slazenger7 04/11/16 02:48:59 PM
#535   Just found and posted in Oil... board but DocLevi 04/11/16 02:30:36 PM
#534   That'll never work long term as there are DocLevi 04/11/16 12:31:46 PM
#533   Just saw your message. That is hilarious. radar72 04/11/16 12:13:30 PM
#532   ConocoPhillips (COP): The Right Investment Option slazenger7 04/09/16 10:55:27 AM
#531   Oil prices on a tear on strong economic news slazenger7 04/08/16 11:24:52 AM
#530   Oil rises on firm US and German growth slazenger7 04/08/16 07:26:06 AM
#529   Exclusive: Russia sees oil price of $45-$50 per slazenger7 04/06/16 07:52:29 PM
#528   Oil prices jump on hopes producers will agree slazenger7 04/05/16 11:47:29 PM
#527   UPDATE 2-Signs point to deal on oil output-Kuwait slazenger7 04/05/16 11:03:35 AM
#526   Why don't they do what Frito-Lay and other DocLevi 04/01/16 10:51:13 AM
#525   Deutsche Bank Releases ConocoPhillips Price Target With Potential slazenger7 03/30/16 05:54:21 PM
#524   BARCLAYS REITERATES “BUY” RATING FOR CONOCOPHILLIPS (COP) slazenger7 03/30/16 05:49:49 PM
#523   Why ConocoPhillips' Comeback Will Continue slazenger7 03/29/16 07:15:40 PM
#522   Why Oil Stocks Will Be the Best Investment slazenger7 03/27/16 08:31:44 PM
#521   Geode Capital Management buys $428.9 Million stake in slazenger7 03/27/16 08:22:50 PM
PostSubject