They received one share of Phillips 66 for every two shares of ConocoPhillips they owned at the time. As a result, an investor who bought one share of Conoco at its IPO would now own two shares of ...
The value of that initial share would have grown to over $325 -- two shares of ConocoPhillips valued at $105 plus one share of Phillips 66 at $117. On top of that, investors would have collected ...