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Message: Re: CONNOCO
1
Aug 27, 2008 06:35AM
ConocoPhillips to sell rest of gas stations: Journal
04:29 a.m. 08/27/2008 By Robert Daniel Provided by
TEL AVIV (MarketWatch) -- ConocoPhillips, (COP) the Houston integrated oil giant, plans to sell the rest of its company-owned gasoline stations to closely held PetroSun West LLC for $800 million, The Wall Street Journal reported. Oil companies generally are exiting the gasoline business, with its thin profit margins, and focusing on exploring for crude oil, the Journal reported.
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Aug 27, 2008 06:40AM
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