Phillips Petroleum Company
| Type | Public |
|---|---|
| Fate | Merged with Conoco Inc. to form ConocoPhillips |
| Successor | ConocoPhillips (2002) Phillips 66 (2012) |
| Headquarters | Bartlesville, Oklahoma , U.S. |
| Products | Petroleum |
Does Shell own Phillips 66?
With three refineries in the U.S. Gulf Coast region, Motiva has a combined capacity of more than 1.1 million barrels per day. The is owned equally by affiliates of Saudi Aramco and Shell Oil Co.
Is Phillips 66 top tier?
Good news for drivers everywhere – our gas has 3 times more detergent than the minimum required by the EPA and 30% more than the minimum specified in the TOP TIER® Detergent Gasoline standard recommended by major car manufacturers.
How long has Phillips 66 been in business?
Phillips 66
| Type | Public |
|---|---|
| Founded | 1927 (brand) May 1, 2012 (company) in Houston, Texas, U.S. |
| Founders | L.E. Phillips Frank Phillips |
| Headquarters | Westchase, Houston, Texas, U.S. |
| Area served | Worldwide |
Can a LLC have no interest in specific property?
A member has no interest in specific property of the limited liability company.” N.Y. Ltd. Liab. Co. Law § 601. Other state LLC laws have similar provisions.
Who are the owners of a limited liability company?
When it comes to who owns an LLC, it can be owned by one or more individuals, corporations, partnership firms, and other LLCs. The owners of an LLC are called its members. Each member holds a certain percentage of ownership in the LLC. Sometimes, non-economic members and assignees can also have ownership interests in the LLC.
What are the IRS rulings on single member LLCs?
In Revenue Rulings 99-5and 99-6the Internal Revenue Service (“IRS”) discusses the federal income tax consequences of a single-member, disregarded LLC acquiring a second member and of a two-member LLC becoming a single-member LLC.
Where was the first limited liability company created?
The first state to enact a law authorizing limited liability companies was Wyoming in 1977. The form did not become immediately popular, in part because of uncertainties in tax treatment by the Internal Revenue Service.
