Shares of ConocoPhillips were up 4% at $77.31, off an earlier high at $80.00, on the New York Stock Exchange in early afternoon.
ConocoPhillips does the splits
US supermajor ConocoPhillips will split itself into two by spinning off its refining arm in hopes that each operation would be worth more as a separate company, it said today.
14 July 2011 12:53 GMT
Updated
14 July 2011 12:53 GMT
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