2012 Dividend Catalysts For ConocoPhillips |
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(seekingalpha) -- ConocoPhillips (COP) is aggressively
restructuring its business model. The company is expected, by mid 2012, to split
into two publicly traded entities. The net effect should provide investors with
an increased 2012 dividend.
The company is in the midst of separating
the Energy and Production (E&P) unit from the Refining and Marketing unit
(R&M).
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ConocoPhillips is an international, integrated energy company. As of
Dec. 31, 2010, it is the third-largest U.S. integrated energy company, based on
market capitalization, as well as proved reserves and production of oil and
natural gas, and the largest refiner in the United States. ConocoPhillips is the
seventh-largest holder of proved reserves and the fourth-largest refiner
worldwide, of nongovernment-controlled companies. |
Headquartered in Houston, Texas, ConocoPhillips operates in
more than 30 countries.
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