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Posted: 4:42 PM Aug 27, 2008
ConocoPhillips Sells Remainder Of Gas Stations
ConocoPhillips is selling the remainder of its gas stations in the United States, though Conoco, Phillips 66, and 76 will continue to operate under those familiar signs. Reporter: Associated Press |
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NEW YORK (AP) - ConocoPhillips is selling the remainder of its
gas stations in the United States, though Conoco, Phillips 66, and
76 will continue to operate under those familiar signs.
The 600 or so stations are being sold to a subsidiary of
PetroSun Fuel.
Financial terms were not disclosed.
Houston-based ConocoPhillips began several years ago to spin off
its retail stores, focusing more on exploration and refining.
The newly formed company, Pacific Convenience & Fuel, says it is
pushing into urban areas along the West Coast.
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