Buying ConocoPhillips Before The Split?
by | Posted 4.26.2012 | Post Comment (No Comments)

ConocoPhillips (COP) plans to complete a company split, splitting newly formed refining company Phillips 66 (PSX), after the close of trading on April 30, 2012. For every two (2) shares of COP, an investor will receive one (1) share of newly formed PSX. PSX will comprise the downstream and midstream assets like pipelines, refining and retail gas stations. COP will retain the upstream assets to focus on exploration and production.

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