ConocoPhillips (COP) announced plans to split into two companies this week, but the press release failed to elaborate on how the break up will affect the energy giant’s dividend. Will it be retained by ConocoPhillips, or split between the two companies? Actually, the end result will be far superior to either of those scenarios. continue…
ConocoPhillips (COP) announced plans to separate into two stand-alone companies this morning, launching shares much higher in pre-market trading. The energy giant will retain its Exploration & Production operations and part with its Refining & Marketing business via a tax-free spin-off to shareholders. continue…
Marathon Oil Corporation (MRO) became an independent upstream company this morning after completing the spin-off of its refining operations. Marathon Petroleum Corporation began trading under the symbol “MPC” when the market opened, instantly becoming the country’s fifth-largest oil refiner. continue…
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