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Conoco ( / ˈkɒnəkoʊ / KON-ə-koh ), [ 2] formerly known as Continental Oil, is an American petroleum brand that is operating under the ownership of the Phillips 66 Company since 2012 and is headquartered in Houston, Texas. One of the several successors of Standard Oil, Conoco was a subsidiary of that company from 1884 until its 1911 ...
June 2, 2024 at 2:33 PM. ConocoPhillips (NYSE: COP) made a splash on May 29 when it announced an all-stock acquisition of Marathon Oil (NYSE: MRO). The purchase price represents a 14.7% premium to ...
In 1875, the "Continental Oil and Transportation Company" (acronym "Conoco") was founded in Ogden, Utah. [ 9] In 1885, Conoco was reincorporated as part of Standard Oil. [ 10] After the Supreme Court of the United States dissolved Standard Oil, Conoco became independent in 1913. By 1929, it had become a fully integrated oil company. [ 11]
For 50 years, Conoco became a global oil behemoth (partly due to World War II), though the company was eventually purchased by DuPont, which itself retained ownership of Conoco until 1999. [27] Debuting as one of the largest IPOs in history, Conoco merged with the Phillips Petroleum Company to form ConocoPhillips in the early 2000s.
"Dividends?" he asked. "I'm trying to make my clients wealthy. You. I took my first investing class as a teenager, and one moment stands out in my memory. A fellow student asked the instructor, a ...
For eight straight quarters shareholders of ConocoPhillips have received the same quarterly dividend of $0.66 a share. This is now the longest streak in the past decade for a company known for ...
Oil giant ConocoPhillips announced today its third-quarter dividend of $0.69 per share, the same rate it paid last quarter after raising the payout 4.5% from $0.66 per share. The board of ...
In 2012, after Phillips 66 split from ConocoPhillips, it moved its operations from the ConocoPhillips headquarters to the Pinnacle Westchase building, [27] a nine-story Class A office building located on 8.4 acres (3.4 ha) of land in Westchase, Houston. [28] This was a temporary headquarters location. [27]
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