Stock spin-off

[John Ralls]

On Jul 22, 2012, at 8:55 PM, Eric MacAdie <eric at MacAdie.net> wrote:

> I have some shares of Chevron, ticker CVX. Recently they spun off part of their company into a new company: PSX. The share price of CVX went from the mid-70s to the mid-50s. What part of the docs covers how to handle this? I looked and nothing jumped out at me.

Not exactly related to your question, but it was Conoco Phillips (COP) which split off its retailing arm into Phillips66 (PSX) on 1 May.

Regards,
John Ralls