The Conversation (0)
CNN Money reports that last month’s announcement that ConocoPhillips (NYSE:COP) plans to break up into two separately traded companies surprised Wall Street.
CNN Money reports that last month’s announcement that ConocoPhillips (NYSE:COP) plans to break up into two separately traded companies surprised Wall Street.
The market news is quoted as saying:
If COP proves that it can indeed unlock value from separating its exploration and production unit from its refining and marketing units, then other companies, namely BP and ExxonMobil, could soon find themselves under pressure from their shareholders to follow suit, forever changing the energy landscape.