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tdp2664 E money daily ConocoPhillips (NYSE:COP) has announced the name and headquarters of downstream company. ConocoPhillips (NYSE:COP) Details Downstream Company The oil giant ConocoPhillips (NYSE:COP) has announced that the latest independent downstream company formed through its earlier declared strategic relocation will be named Phillips 66 and will have a head office in Houston. Phillips 66 will have leading businesses in cleansing, marketing and chemicals. Greg Garland, designated chairman and chief executive officer of Phillips 66, said that, “Phillips 66 has strong brand recognition and value and it provides a link between our rich history and our exciting future. Our name reflects an independent spirit and drive two attributes of our future company.” ConocoPhillips (NYSE:COP) shares were at 71.44 at the end of the last day’s trading. There’s been a 12.0% change in the stock price over the past 3 months. ConocoPhillips (NYSE:COP) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.45 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.35 Zack’s Rank: 1 out of 7 in the industry
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