ConocoPhillips Splits Upstream, Downstream Businesses with Phillips 66

---

Researched by Industrial Info Resources (Sugar Land, Texas)--ConocoPhillips (NYSE:COP) (Houston, Texas) is repositioning its integrated assets and businesses, and has split its downstream sector into the independent Phillips 66 (NYSE:PSX). The split includes 11 refineries in the U.S., three in Europe and one in Asia.

Phillips 66 refineries include: the 108,000 barrel per day Ferndale refinery, (130,000 barrel per day Santa Maria & Rodeo refineries), the 155,000 barrel per day Los Angeles refinery, the 65,000 barrel per day Billings refinery, the 195,000 barrel per day Ponca City refinery, the 90,000 barrel per day Borger refinery, the 157,000 barrel per day Wood River refinery, the 275,000 barrel per day Alliance refinery, the 300,000 barrel per day Sweeny refinery, the 280,000 barrel per day Lake Charles refinery, the 285,000 barrel per day Bayway refinery, the 228,000 barrel per day Humber refinery, the 71,000 barrel per day Whitegate refinery, the 60,000 barrel per day MiRO refinery, and the 80,000 barrel per day Melaka refinery. Phillips 66 will have leading businesses in refining, marketing, midstream and chemicals.

Phillips Petroleum Company, founded in 1917, was the company that created Phillips 66. Phillips purchased Tosco in 2000, and in 2002 merged to form ConocoPhillips. In July 2011, ConocoPhillips agreed to separate the downstream division in the second quarter of 2012. As of May 2012, Phillips 66 is an independent downstream energy company that is headquartered in Houston.

View Plant Profile - 1012449 1016816 1008161 1014570 1015869 1000224 1013020 1009742 1017912 1000068 1012987 1508498 1021404 1024611

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.