Related topics

$15B Conoco-Phillips Merger OK’d

August 30, 2002

%mlink(STRY:; PHOTO:; AUDIO:%)

WASHINGTON (AP) _ The $15.1 billion merger of Phillips Petroleum Co. and Conoco Inc. received federal approval Friday, clearing the way for completion of a deal that would create the third-largest U.S. oil and gas company.

The Federal Trade Commission voted 5-0 in favor of the deal, but required the companies to sell refineries in Utah and Colorado and certain operations in Missouri, Illinois, New Mexico, Texas and Washington state.

Update hourly