Investing: BR (COP)

Miscellaneous

Facts about the COP spin-off of PSX, April 30, 2012. First day of trading for PSX, May 1, 2012.

 
NEWS

April 1, 2013: how PSX shareholders will benefit from MLP, SeekingAlpha.
November 25, 2012: COP to sells its minority interest in the Caspian Sea.

May 8, 2012: COP announces it will sell all Nigerian (all African?) assets. 

April 24, 2012: Facts about the COP spin-off of PSX, April 30, 2012. First day of trading for PSX, May 1, 2012.

April 9, 2012: COP issues interim 1Q12 update.

April 4, 2012: COP - PSX spin-off effective April 16, 2012; one share PSX for every two shares COP.

March 6, 2012: parent company (COP) to sell $10 billion in assets in 2012. The company's spin-off, Phillips 66, the downstream component, will begin trading "when-issued on April 12, 2012.

October 7, 2011: COP to split into two companies. 

April 19, 2011: Investopedia on COP.

Conoco Phillips is making a large bet on the development of various oil sands projects in Canada over the next decade as the company looks to grow production. The company estimates that production from these projects will quadruple by the end of this decade.

Conoco Phillips has approximately one million acres of properties in Alberta with bitumen deposits and has interests in many different oil sands projects. The company reported just over 50,000 barrels of oil equivalent (BOE) per day of production in 2010. 

HISTORY 

BR is a subsidiary of COP.

The company history of BR.

Meridian Oil Company, who is credited with pioneering horizontal drilling, was a subsidiary of Burlington Resources at the time.