Investment Summary

Exits Phillips 66

On April 4, 2012, invested in energy services and equipment company Phillips 66 from ConocoPhillips

Investment Highlights
  • This is transaction in the Energy Services and Equipment sector.
  • This is transaction in the United States.
  • This is transaction in Texas.

Investment Summary
Date 2012-04-04
Target Phillips 66
Sector Energy Services and Equipment
Sellers(s) ConocoPhillips
Deal Type Spin Off

Target

Phillips 66

Houston, Texas, United States
Entrance to Phillips 66's corporate headquarters in Houston, Texas.
Entrance to Phillips 66's corporate headquarters in Houston, Texas.
Phillips 66 is an energy and logistics company. Its midstream segment gathers, processes, transports and markets natural gas; and transports, stores, fractionates and markets natural gas liquids (NGL) in the United States. In addition, this segment transports crude oil and other feedstocks to refineries and other locations, delivers refined and specialty products to market, and provides terminaling and storage services for crude oil and petroleum products. Its chemicals segments consists of our 50 percent equity investment in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics on a worldwide basis. Its refining segment buys, sells and refines crude oil and other feedstocks at refineries in the United States and Europe. Its marketing and specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe. Phillips 66 was founded in 1875 and is based in Houston, Texas.

Search 199,847 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Seller(S) 1

SELLER

ConocoPhillips

Houston, Texas, United States
Category Company
Founded 1917
Sector Oil/Gas Exploration
Employees9,500
Revenue 56.1B USD (2023)
DESCRIPTION
Entrance to ConocoPhillips' corporate campus in Houston, Texas.
Entrance to ConocoPhillips' corporate campus in Houston, Texas.

ConocoPhillips is an integrated energy company with operations and activities across the world. The Company's key focus areas include operating producing assets, executing major developments and exploring for new resources in promising areas. ConocoPhillips' portfolio includes resource-rich North American shale and oil sands assets; lower-risk legacy assets in North America, Europe, Asia and Australia; several major international developments; and a growing inventory of global conventional and unconventional exploration prospects. ConocoPhillips was incorporated in 1917 and is based in Houston, Texas.

DEAL STATS #
Overall 5 of 10
Sector (Energy Services and Equipment) 3 of 3
Type (Spin Off) 1 of 1
State (Texas) 2 of 5
Country (United States) 4 of 9
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-30 ConocoPhillips - North Sea Statfjord Oil & Gas Properties

United Kingdom

ConocoPhillips' North Sea Statfjord Oil & Gas Properties, which are located across both the Norwegian and UK sectors of the Northern North Sea, produce gas for the UK market.

Sell $223M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-15 ConocoPhillips - Cedar Creek Anticline Oil & Gas Properties

United States

ConocoPhillips - Cedar Creek Anticline Oil & Gas Properties is a major geological feature in eastern Montana and western North Dakota that extends for approximately 126 miles in a northwest-southeast direction and ranges from two to six miles in width. CCA is a series of producing oil units, each of which could be considered a field by itself. Commercial quantities of oil were first discovered in the South Pine Unit of CCA in the early 1950s. The original oil in place at all CCA fields, including those not owned by Denbury, is estimated at over three billion barrels of oil.

Sell $1.1B
Mergr

Product

Company

Legal