Earns ConocoPhillips

ConocoPhillips Names Its Downstream Company Phillips 66

The strategic repositioning of ConocoPhillips is expected to be completed in the second quarter of 2012. ConocoPhillips has revealed that its new independent downstream company, created through its previously announced strategic repositioning, will be named Phillips 66 and will be headquartered in Houston. Phillips 66 will have leading businesses in refining, marketing, midstream and chemicals.

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