ConocoPhillips CEO sees spinoff Phillps 66 trading May 1

Posted on March 6, 2012 at 7:01 am by Bloomberg in General
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ConocoPhillips (COP), which plans to spin off its refining business, expects the new entity to begin regular trading May 1, Chief Executive Officer James Mulva said at a meeting with analysts and investors today.

The new entity will be known as Phillips 66 and will trade under the symbol PSX.

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