M&A Deal Summary

ConocoPhillips Acquires Tosco

On September 17, 2001, ConocoPhillips acquired energy services and equipment company Tosco for 7.4B USD

Acquisition Highlights
  • This is ConocoPhillips’ 1st transaction in the Energy Services and Equipment sector.
  • This is ConocoPhillips’ 3rd largest (disclosed) transaction.
  • This is ConocoPhillips’ 2nd transaction in the United States.
  • This is ConocoPhillips’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2001-09-17
Target Tosco
Sector Energy Services and Equipment
Buyer(s) ConocoPhillips
Deal Type Add-on Acquisition
Deal Value 7.4B USD

Target

Tosco

Stamford, Connecticut, United States
Tosco is an independent US based petroleum refining and marketing corporation based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

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 2 of 8
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (Connecticut) 1 of 1
Country (United States) 2 of 7
Year (2001) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-09 Dixie Pipeline

Roswell, Georgia, United States

Dixie Pipeline Company owns Dixie Pipeline, which is a major propane pipeline that transports propane from natural gas liquid (NGL) fractionators and refineries in Texas, Louisiana and Mississippi, to customers throughout the southeastern United States. The pipeline extends approximately 1,100 miles from Mont Belvieu, Texas, to near Raleigh, N.C. The pipeline includes a 204-mile lateral into Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-30 Conoco

Houston, Texas, United States

Conoco, Inc. is an oil/gas exploration company.

Buy -
Mergr

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