Bloomberg News

ConocoPhillips CEO Sees Spinoff Phillps 66 Trading May 1

March 05, 2012

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.

To contact the reporter on this story: Edward Klump in Houston at eklump@bloomberg.net

To contact the editor responsible for this story: Jasmina Kelemen at jkelemen2@bloomberg.net


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