Conoco Inc.

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Conoco Inc. NYSE: [COC] was an American oil company founded in 1875 as the Continental Oil and Transportation Company. Based in Ogden, Utah, the company was a coal, oil, kerosene, grease and candles distributor in the West. The head office was later moved to Ponca City, Oklahoma.

The company ran into early trouble when, just one month after the first trading of the company's stock, it was hit by the Great Crash of 1929. Nevertheless, Conoco became a key supplier to the United States during World War II. Under the leadership of Leonard F. McCollum, Conoco grew from a regional company to a global corporation. Another rough patch for the company came during the 1970's oil crisis, from which it did not recover until 1981, when Conoco became a subsidiary of former rival du Pont. In 1997 du Pont and Conoco parted ways. When the independent Conoco went public in 1998, under the retooled name, Continental Oil Company, it resulted in the largest IPO in history. Conoco merged with Phillips 66 in 2002. The merged company was announced as the now well-known ConocoPhillips.

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