Company History - ConocoPhillips has evolved into one of the largest oil and gas producers globally, with its public history beginning in 1998 when it separated from DuPont in a historic IPO valued at nearly $4.4 billion [1] - The merger of Conoco and Phillips Petroleum in 2001 created ConocoPhillips, which became the sixth largest oil company at that time [2] Stock Performance - The company's share price has increased significantly since its IPO, leading to a 2-for-1 stock split in June 2005, meaning investors who bought one share at the IPO would own two shares post-split [2] - The only stock split in ConocoPhillips' history occurred in 2005, but a stock spinoff in May 2012 resulted in shareholders receiving one share of Phillips 66 for every two shares of ConocoPhillips owned [3] Investment Growth - An initial investment of one share at the IPO would now be worth over $325, comprising two shares of ConocoPhillips valued at $105 each and one share of Phillips 66 valued at $117 [4] - Investors have also benefited from dividend payments, currently amounting to $10.52 per share annually from the initial investment [4]
If You Bought 1 Share of ConocoPhillips at Its IPO, Here's How Many Shares You Would Own Now