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If You Bought 1 Share of ConocoPhillips at Its IPO, Here's How Many Shares You Would Own Now
COPConocoPhillips(COP) The Motley Fool·2025-01-16 14:38

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 4.4billion[1]−ThemergerofConocoandPhillipsPetroleumin2001createdConocoPhillips,whichbecamethesixthlargestoilcompanyatthattime[2]StockPerformance−Thecompany′ssharepricehasincreasedsignificantlysinceitsIPO,leadingtoa2−for−1stocksplitinJune2005,meaninginvestorswhoboughtoneshareattheIPOwouldowntwosharespost−split[2]−TheonlystocksplitinConocoPhillips′historyoccurredin2005,butastockspinoffinMay2012resultedinshareholdersreceivingoneshareofPhillips66foreverytwosharesofConocoPhillipsowned[3]InvestmentGrowth−AninitialinvestmentofoneshareattheIPOwouldnowbeworthover4.4 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 105eachandoneshareofPhillips66valuedat105 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]