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- In 1998, DuPont sold 30% of Conoco, [ 23] and in 1999, DuPont sold the remaining 70% stake it holds in Conoco Inc. [ 24] When the independent Conoco went public in October 1998, under a retooled name, Continental Oil Company, it resulted in the largest IPO in history. [ 25][ 26] In 2001, Conoco announced it has agreed to buy Gulf Canada for C$ 6.7 billion ($4.3 billion). [ 27][ 28][ 29] Conoco merged with Phillips Petroleum in 2002 to form ConocoPhillips. [ 30][ 31]
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In November 2001 Phillips Petroleum and Conoco agreed to merge. The $15.12 billion deal, completed in August 2002, combined two midtier U.S. players into the sixth largest publicly traded oil company in the world and the third largest in the United States.
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[25] [26] In 2001, Conoco announced it has agreed to buy Gulf Canada for C$6.7 billion ($4.3 billion). [27] [28] [29] Conoco merged with Phillips Petroleum in 2002 to form ConocoPhillips. [30] [31]
Sep 29, 2004 · August 2002 - Conoco and Phillips officially merge, creating the sixth-largest publicly traded oil company in the world and the third largest in the U.S. at the time. The new company, ConocoPhillips, is headquartered in Houston. 2001: Conoco and Phillips Agree to Merge. November 2001 - Conoco agrees to merge with Phillips Petroleum Co. 2000
ConocoPhillips was one of 50 companies named in a 2007 lawsuit filed against manufacturers, distributors and other industrial users of the gasoline additive MTBE, found in groundwater at locations throughout New Jersey.
Nov 19, 2001 · 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.
Nov 19, 2001 · The dramatic pace of consolidation in the oil and gas industry continued Sunday when Phillips Petroleum Co. and Conoco Inc. announced a $15.2-billion all-stock merger that would create the...
Aug 30, 2002 · The Federal Trade Commission today announced a proposed consent order with Phillips Petroleum Company (Phillips) and Conoco Inc. (Conoco) that would allow the merger of the two companies to proceed upon their agreement to sell certain assets and provide other relief.