Tosco acquisition will boost Phillip’s Alaska exploration spending
Steve Sutherlin PNA Managing Editor
The purchase of refiner/marketer Tosco Corp. by Phillips Petroleum Co. will result in greater spending for Alaska exploration, a company official told PNA Sept. 23.
The $7 billion stock transaction, completed Sept. 14, vaulted Phillips into the top five of gasoline marketers in the United States, a....
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Good for upstream business Synergies, strength, $250 million yearly savings No workforce reductions now
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