Slugcatcher on the future of Big Oil

IS ConocoPhillips worth more as two oil companies, or one – and if the answer is yes then Slugcatcher has a second question to consider: should all oil majors undertake a similar split to separate exploration and production from refining and marketing?

Before tackling the question of splitting ConocoPhillips, which surfaced two weeks ago, it is worth pointing out that you have not entered a time machine and been beamed back to 2001 when the business


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