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Phillips and Conoco Merge for 35 Billion Deal
Phillips Petroleum Co and Conoco Inc announce a $35 billion merger to form ConocoPhillips, based in Houston. The combined group would rank as a top three U.S. oil and gas producer, with 860 billion in assets and about 58,000 employees. expects $750 million annual savings and close in H2 2002 subject to approvals.
MENTIONED IN THIS ARTICLE
Phillips
Conoco
Tulsa
Okla
Phillips Petroleum Co
Conoco Inc
ConocoPhillips
Houston
Archie W. Dunham
United States