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27 Apr 2012 | 05:30 UTC — New York
ConocoPhillips has announced the separation of the company into 2 stand-alone, publicly traded corporations, effective May 1. All refining, marketing and transportation assets and business will be transferred to and operated by Phillips 66 Company, a new company. ConocoPhillips will continue as an exploration and production company.
In anticipation of this change, Platts has adjusted the descriptions of the symbols currently used for ConocoPhillips crude postings to reflect the name of the new company.
MDC SYMBOL BATES DEC FREQ CURR UOM NEW DESCRIPTION PC PSACP09 u 2 DW USD BBL W TX Int (WTI) TX Phillips 66 PC PSADO09 u 2 DW USD BBL W TX Sour (WTS) TX Phillips 66 PC PSAFR09 u 2 DW USD BBL W Ctl TX Int TX Phillips 66 PC PSAMC09 u 2 DW USD BBL Lt LA Swt (LLS) Onshore LA Phillips 66 PC PSASL09 u 2 DW USD BBL Central OK Swt OK Phillips 66 PC PSUS077 u 2 DW USD BBL Central MT MT Phillips 66 PC PSUS164 u 2 DW USD BBL NM Sour NM Phillips 66 PC PSUS167 u 2 DW USD BBL NM Int NM Phillips 66 PC PSUS177 u 2 DW USD BBL N TX Int TX Phillips 66 PC PSUS180 u 2 DW USD BBL OK Panhandle OK Phillips 66 PC PSUS224 u 2 DW USD BBL TX Panhandle TX Phillips 66
If you have any comments or questions regarding this announcement, please contact your local Platts Customer Care representative, or email support@platts.com.