ConocoPhillips workers in Bartlesville gear up for company's split
BY ROD WALTON World Staff Writer
Friday, February 24, 2012
2/24/12 at 6:30 AM
BARTLESVILLE - Employees at ConocoPhillips' offices here are starting to learn which company they'll be working for when the Houston-based oil giant splits into two stand-alone businesses, a company spokesman confirmed Thursday.
The Bartlesville workforce, which stands at close to 3,500 people, will stay the same, ConocoPhillips spokesman Dean Acosta said.
ConocoPhillips, the nation's third-largest oil and gas company, is splitting off its refining and marketing side from its exploration and production operations.
"That has begun," Acosta said of managers' discussions with employees on their future places. "Some managers are doing those now; some may be waiting until all of their employees are there."
All employees should know which company they'll be working for by the end of the month, he said.
Bartlesville, a global support center for the company, was the headquarters of Phillips Petroleum Co. before it merged with Conoco Inc. in 2002.
The exploration and production side will keep the name ConocoPhillips; the refining and marketing spinoff will be called Phillips 66, a nod to the company's onetime chain of gas stations along Route 66. Both companies will remain based in Houston.
Plans call for the split to be completed by the second quarter.
ConocoPhillips operates out of five facilities in Bartlesville - the Plaza, Phillips and Adams office buildings, the Information Center and the Technology Center.
Phillips 66 will take over some of those building spaces, and ConocoPhillips the others. No breakdown has been released yet.
"We're still working on who sits where," Acosta said.
He would not comment on rumors in Bartlesville that more company jobs might be coming to the city.
ConocoPhillips employs close to 30,000 people worldwide. The integrated company operates in more than 30 countries and reported $12.4 billion in earnings last year.
Original Print Headline: ConocoPhillips workers gear up for split
Rod Walton 918-581-8457
The ConocoPhillips sign is seen outside the Bartlesville Regional Office. Tulsa World file