conocophillips

The sale of the gasoline stations to PetroSun West for $800 million completes ConocoPhillips’ exit from the low-margin, highly competitive retail business.

ConocoPhillips will sell the remainder of its gas stations in the United States, the company said Wednesday, though Conoco, Phillips 66, and 76 will continue to operate under those familiar signs.

Setting the tone expected for the world's big oil companies, ConocoPhillips said Thursday its first-quarter earnings benefited mightily from record crude prices to start the year, though those same high levels squeezed results at its refining operations.