ConocoPhillips (COP) Spin-Off Phillips 66 (PSX) to Begin Trading on NYSE

May 1, 2012 8:25 AM EDT
Phillips 66 (NYSE: PSX) emerges as an independent downstream energy company with industry-leading businesses in refining and marketing, midstream, and chemicals. Created through a spin-off of these assets from ConocoPhillips (NYSE: COP), Phillips 66 begins regular trading on the New York Stock Exchange this morning under the ticker symbol PSX.

Greg C. Garland, the new chairman and chief executive officer of Phillips 66, has more than 30 years of experience in the oil and gas and chemicals industries.

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