ConocoPhillips Split Gives Upside To $75 Stock Value

ConocoPhillips has announced that it would be separating its upstream exploration and production business and its downstream refining and marketing business into two independent publicly traded corporations. Taking a step away from the vertically integrated strategy of oil supermajors, Marathon oil announced a similar split in January this year. Its stock price has jumped over 40% since the event.

Source: http://blogs.forbes.com/greatspeculations/2011/07/23/conocophillips-split-gives-upside-to-75-stock-value/

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