Who Owns Conoco?
Conoco is a fuel brand owned by Phillips 66 (NYSE: PSX). Founded in 1875 as Continental Oil and Transportation in Ogden, Utah, Conoco merged with Phillips Petroleum in 2002 to form ConocoPhillips, and the fuel brand passed to Phillips 66 in the 2012 spin-off. Conoco-branded stations operate mainly across the western and midwestern United States as part of a ~7,620-outlet network shared with Phillips 66 and 76.
Conoco Timeline
Who Owns Conoco?
- Parent Company: Phillips 66
- Ownership Type: Subsidiary
- Acquisition Year: 2002
- Company Type: Publicly Traded
- Stock Ticker: NYSE: PSX
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Conoco | Phillips 66 | Subsidiary |
History of Conoco
- Founded: 1875
- Founders: Isaac Elder Blake
- Acquired by Phillips 66: 2002
Isaac Elder Blake founded Continental Oil and Transportation in Ogden, Utah, in 1875, making it one of the oldest oil marketing companies in America. It grew distributing kerosene and lubricants across the Rocky Mountain region, then gasoline as automobiles arrived, and was absorbed into Standard Oil in the 1880s before being spun off in the 1911 antitrust breakup.
The independent Continental Oil expanded through the twentieth century into refining and production, adopting the Conoco name. It was acquired by DuPont in 1981, spun back to public markets in 1998, and merged with Phillips Petroleum in 2002 to form ConocoPhillips, then the third-largest US oil company.
Under ConocoPhillips, the Conoco brand anchored fuel marketing across the western and central states, joined by Phillips 66 and, after the 2005 Unocal acquisition, 76. In 2012 the company split: exploration and production kept the ConocoPhillips name, while refineries and fuel marketing became Phillips 66, which took ownership of the Conoco retail brand.
Today Conoco-branded outlets operate primarily across the West and Midwest within Phillips 66's ~7,620-outlet US network, still a recognizable regional fuel brand more than 150 years after its founding.
About Phillips 66
What does Phillips 66 own?
Phillips 66 owns refining, midstream, chemicals, marketing, and renewable fuels operations. Its consumer-facing brands include Phillips 66, Conoco, and 76 fuel stations, Jet in Europe, and Phillips 66 Aviation and Lubricants. The company also owns 50% of Chevron Phillips Chemical Company (CPChem), a major petrochemicals joint venture, and fully owns DCP Midstream, one of the largest NGL gatherers and processors in the United States.
Is Phillips 66 publicly traded?
Yes, Phillips 66 is publicly traded on the New York Stock Exchange under the ticker symbol PSX. The company has been publicly traded since May 1, 2012, when it was spun off from ConocoPhillips. Shares are held by institutional investors, mutual funds, and individual shareholders, with approximately 400.7 million shares outstanding as of January 2026.
Who founded Phillips 66?
The modern Phillips 66 was created in 2012 through a spin-off from ConocoPhillips, not by individual founders. The original Phillips Petroleum Company was founded in 1917 by brothers L.E. Phillips and Frank Phillips in Bartlesville, Oklahoma. The Phillips 66 brand was introduced in 1927 at a service station in Wichita, Kansas, named after U.S. Route 66.
Where is Phillips 66 headquartered?
Phillips 66 is headquartered in Houston, Texas, USA. The company's corporate offices are in the Phillips 66 Tower in the Westchase district of Houston. The company was incorporated in Delaware in 2011 in anticipation of the 2012 spin-off from ConocoPhillips.
How many brands does Phillips 66 own?
Phillips 66 owns three primary retail fuel brands in the United States (Phillips 66, Conoco, and 76), one European fuel brand (Jet, partially divested in 2025), and several specialized product lines including Phillips 66 Aviation and Phillips 66 Lubricants. The company also holds a 50% stake in Chevron Phillips Chemical Company. Its brand portfolio is smaller and more focused than diversified energy majors.
Who owns Phillips 66?
Phillips 66 is owned by its public shareholders. No single investor or group exercises controlling interest. The company is governed by a board of directors led by Chairman and CEO Mark Lashier. Institutional investors hold the majority of shares, with the company's market capitalization fluctuating based on energy sector conditions and refining margins.
What is Phillips 66's revenue?
Phillips 66 reported full year 2025 earnings of $4.4 billion on revenues of approximately $109.6 billion. The company generated $5.0 billion in net operating cash flow and returned $3.1 billion to shareholders through dividends and share repurchases. In Q2 2026, the company reported earnings of $3.8 billion, driven by strong refining utilization and record midstream volumes.
Has Phillips 66 made major acquisitions recently?
Yes. In October 2025, Phillips 66 acquired the remaining 50% equity interest in WRB Refining LP from Cenovus Energy, gaining full ownership of the Wood River and Borger refineries. In April 2026, the company completed the acquisition of Lindsey Oil Refinery and logistics assets in the United Kingdom. The company also acquired the Coastal Bend NGL fractionator and expanded its Dos Picos II gas plant in the Permian Basin.
- Founded: 2012
- Headquarters: Houston, Texas, USA
- Company Type: Publicly Traded
- Stock: NYSE: PSX
- Revenue: $109.6 billion (FY2025)
- Employees: Approximately 14,000
Where Is Conoco Made / Based?
- Headquarters: Houston, Texas, USA
Conoco Categories & Tags
Conoco Recalls & Controversies
Conoco shares the fuel industry's general scrutiny rather than distinct brand controversies: station-level pricing during spikes, credit-card skimming at franchised locations, and environmental legacy issues at historic sites. The corporate-level debates, refinery emissions, the Los Angeles shutdown, and climate policy, sit at the Phillips 66 company level.
Historically, Conoco's name surfaced in the 1980s DuPont takeover era and the later ConocoPhillips merger, both of which attracted antitrust attention that resolved with limited divestitures.
Brands Owned by Phillips 66
Energy UtilitiesJET
Owned by Phillips 66
JET is Phillips 66's European fuel brand, operating about 320 UK stations plus a 35% stake in roughly 960 German and Austrian sites after the 2025 portfolio restructuring.
fuelgasolineuk-brand
Energy UtilitiesPhillips 66
Owned by Phillips 66
Phillips 66 is the flagship fuel marketing brand of the downstream energy company of the same name, fronting about 7,620 branded US outlets alongside Conoco and 76.
fuelgasolinepetroleum
Conoco Ownership: Pros & Cons
Advantages
- +150-year brand heritage with strong regional recognition
- +Backed by Phillips 66's refining and supply economics
- +Shared multi-banner loyalty program
- +TOP TIER certified fuel
- +Dealer model provides reach without parent capital
Considerations
- -Secondary banner behind the Phillips 66 name in national marketing
- -Regional rather than national footprint
- -Dealer-operated model limits control over retail experience
- -Long-term fuel demand erosion from electrification
Frequently Asked Questions About Conoco
Sources & Further Reading
Competitors to Conoco
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Marathon Petroleum | USA | 1930 | Mass market | United states | All Genders | |
| Phillips 66 | USA | 1927 | Mass market | United states | All Genders | |
| Exxon Mobil | USA | 1972 | Mass market | Global | All-ages | |
| Exxon Mobil | USA | 1966 | Premium | Global | All Genders | |
| Phillips 66 | USA | 1932 | Mass market | United states | All Genders | |
| Imperial Oil | Canada | 1911 | Mass market | Canada | All Genders |
Learn More About Competitors
Energy UtilitiesMarathon
Owned by Marathon Petroleum Corporation
Marathon is the flagship fuel brand of Marathon Petroleum, fronting nearly 7,900 independently operated branded outlets across 40 states, DC, and Mexico.
fuelgasolinepetroleum
Energy UtilitiesPhillips 66
Owned by Phillips 66
Phillips 66 is the flagship fuel marketing brand of the downstream energy company of the same name, fronting about 7,620 branded US outlets alongside Conoco and 76.
fuelgasolinepetroleum
Energy UtilitiesExxon
Owned by Exxon Mobil Corporation
American petroleum fuel brand providing gasoline and diesel products globally, owned by Exxon Mobil Corporation (NYSE: XOM), one of the world's largest integrated energy companies.
fuelgasolinepetroleum
Energy UtilitiesMobil
Owned by Exxon Mobil Corporation
American petroleum fuel and lubricants brand owned by ExxonMobil, sold globally alongside Exxon and Esso-branded fuel stations and Mobil 1 synthetic motor oil.
fuelgasolinepetroleum
Energy Utilities76
Owned by Phillips 66
76 is a classic American fuel brand owned by Phillips 66, famous for its orange ball logo, fronting branded gas stations primarily in the western United States.
fuelgasolineclassic-brand
Energy UtilitiesEsso
Owned by Imperial Oil Limited
Canadian gasoline and convenience store brand operated by Imperial Oil Limited, majority-owned (69.6%) by ExxonMobil. Esso operates service stations across all Canadian provinces, supplying gasoline, diesel, and convenience products.
gasolinefuelconvenience
Competitive Analysis
Market Positioning: Conoco competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Independent Alternatives to Conoco
Looking for brands with different ownership structures? These similar brands are not owned by Phillips 66, giving you alternative choices that support different corporate structures.
Energy UtilitiesChevron
Owned by Chevron Corporation
American fuel retail brand operating more than 7,000 gas stations across the United States, known for gasoline with Techron additive and ExtraMile convenience stores.
gas-stationfuel-retailtechron
Publicly Traded
Chevron operates independently without a large parent corporation.
Energy UtilitiesCMS Energy
Owned by CMS Energy
American energy company providing electricity and natural gas utility services to Michigan residents through Consumers Energy subsidiary.
energy-utilityelectricitynatural-gas
Publicly Traded
CMS Energy operates independently without a large parent corporation.
Energy UtilitiesAdani Power
Owned by Adani Group
India's largest private thermal power producer, operating approximately 17,550 megawatts of installed capacity across eight states, listed on NSE and BSE.
power-generationenergythermal-power
Privately Owned
Adani Power is privately owned, unlike Conoco which is under a publicly traded parent company.
Energy UtilitiesCenex
Owned by CHS Inc.
American fuel, lubricant, and convenience store brand owned by CHS Inc., the nation's largest farmer-owned cooperative, operating roughly 1,400 locations across 19 states.
fuelgas-stationsconvenience-stores
Privately Owned
Cenex is privately owned, unlike Conoco which is under a publicly traded parent company.
Energy UtilitiesEOG Resources
Owned by EOG Resources, Inc.
American crude oil and natural gas brand founded in 1999, flagship and sole operating brand of EOG Resources, Inc., producing 1.23 million barrels of oil equivalent per day.
oil-and-gasenergyexploration
Publicly Traded
EOG Resources operates independently without a large parent corporation.
Energy UtilitiesMarathon
Owned by Marathon Petroleum Corporation
Marathon is the flagship fuel brand of Marathon Petroleum, fronting nearly 7,900 independently operated branded outlets across 40 states, DC, and Mexico.
fuelgasolinepetroleum
Publicly Traded
Marathon is owned by Marathon Petroleum Corporation, offering a different ownership alternative.
Phillips 66 Stock Information
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