Phillips 66 To Be Added To S&P 500 After April 30 Spin

After the close of business on April 30, Phillips 66(PSX) will be distributed to shareholders of ConocoPhillips(COP).  Phillips 66 will receive refining, marketing, midstream and chemicals businesses from the integrated oil company. ConocoPhillips shareholders will receive 1 share of the new Phillips66 for every 2 shares they own. At the same time, the new Phillips 66 will join… Read More »