Conoco, in full Continental Oil Company, former American petroleum company founded in 1875 as the Continental Oil and Transportation Company in Ogden, Utah. It became part of ConocoPhillips through a merger with the Phillips Petroleum Company in 2002.
Where did the name Conoco come from?
In 1875, the “Continental Oil and Transportation Company” (acronym “Conoco”) was founded in Ogden, Utah. In 1885, Conoco was reincorporated as part of Standard Oil. After the Supreme Court of the United States dissolved Standard Oil, Conoco became independent in 1913.
When did DuPont buy Conoco?
1981. September 30, 1981 – DuPont acquires Conoco, attaining 100% of Conoco’s stock in a transaction worth about $7.4 billion – the largest merger in U.S. history at the time.
Did Conoco buy Phillips?
NEW YORK (CNN/Money) – Shares of both Phillips Petroleum Co. and Conoco Inc. surged Monday as the two agreed to a near $15.2 billion merger that will create the nation’s No. 3 oil producer.
Is Conoco same as Sunoco?
Conoco spun off its retail operations in 2012 to focus exclusively on oil and gas exploration and production, while Sunoco — now a limited partnership controlled by Energy Transfer Partners (NYSE: ETP) — has moved exclusively into downstream operations, selling wholesale and retail gasoline.
Who owns Chevron?
This company was acquired by Standard Oil Co (part of its parent corporation Standard Oil) who then later rebranded the subsidiary to SoCal. This is when it launched the name Chevron for some of its product lines.
What brands of oil does ConocoPhillips make?
The product upgrade affects all four of ConocoPhillips’ family of brands, including Kendall, Phillips 66, 76 and Conoco motor oil brands. The initiative began as the company commenced reformulating its products to meet the latest ILSAC GF-4 specification.
Are Phillips 66 and ConocoPhillips the same company?
These two companies had successful businesses before merging in 2002 to form ConocoPhillips. In 2012, ConocoPhillips separated into two stand-alone publicly traded companies, one of which is Phillips 66. Our company comprises a number of heritage, joint venture and acquired brands.
Who owns Phillips 66?
Warren Buffett’s Berkshire Hathaway (NYSE:BRK. A)(NYSE:BRK.B) owns large chunks of several well-known companies, including Phillips 66. Overall, Berkshire Hathaway owns more than 80 million shares, currently valued at more than $6 billion, which is its seventh largest stock holding.
What gasoline brand is the best?
Chevron. Of America’s largest nationwide chains, Chevron scores the highest points in overall customer satisfaction. Its reach spans over 7,800 stores, and while some gas stations offer convenient food marts, one location in North Hollywood goes above and beyond gasoline.
What is Conoco in English?
Acronym. Definition. CONOCO. Continental Oil Company. Copyright 1988-2018 AcronymFinder.com, All rights reserved.
Who is the CEO of ConocoPhillips?
Ryan M. Lance has served as chairman and chief executive officer of ConocoPhillips, one of the world’s largest independent exploration and production companies, since 2012.
Is Conoco part of Shell?
Royal Dutch Shell announced the deal Sept. … In total, Shell’s Permian assets sold to ConocoPhillips make up about 225,000 acres, along with about 600 miles of pipelines.
Does Sunoco own Exxon?
The joint venture, called Permian Express Partners, will consist of assets owned by both companies, according to a statement. … Sunoco Logistics will take a stake of 85 percent, while Exxon will control the remaining 15 percent.
When did Sunoco go out of business?
Between 1991 and 1996 the Sun Company divested its real estate and mining interests as well as its Canadian subsidiary, Suncor, and ceased its international oil and gas operations. The company changed its name to Sunoco, Inc., in 1998.
What happened to Phillips Petroleum Company?
merged with Phillips Petroleum to form ConocoPhillips, becoming the third largest integrated energy company and second-largest refining company in the United States. … The company moved its headquarters to Houston. In 2012, ConocoPhillips split into two separate companies.
Who founded Phillips Petroleum?
The Phillips Petroleum Company was founded by Lee Eldas “L.E.” Phillips and Frank Phillips of Bartlesville, Oklahoma, and incorporated on June 13, 1917. The new company had assets of $3 million, 27 employees and land throughout Oklahoma and Kansas.
Who found oil in Norway?
In May 1963, Norway asserted sovereign rights over natural resources in its sector of the North Sea. Exploration started on July 19, 1966, when Ocean Traveller drilled its first hole. Initial exploration was fruitless, until Ocean Viking found oil on August 21, 1969.