CBC to Provide Buying Service for ConocoPhillips.Energy Editors/Business Editors HOUSTON--(BUSINESS WIRE)--Feb. 27, 2003 Consolidated Buying Company (CBC (1) (Cell Broadcast Center) See cell broadcast. (2) (Cipher Block Chaining) In cryptography, a mode of operation that combines the ciphertext of one block with the plaintext of the next block. ) has signed an exclusive, multi-year agreement with ConocoPhillips ConocoPhillips (NYSE: COP) is an international energy corporation with its headquarters located in Houston, Texas. It was created through the merger of Conoco Inc. and the Phillips Petroleum Company on August 30, 2002. to provide "Max Buying," a group buying service for ConocoPhillips marketers and dealers. Max Buying will provide buying benefits and rebates on products and services specifically for petroleum, C-Store c-store or C-store n. A convenience store. , car wash, transportation and bay service operators. ConocoPhillips plans to introduce Max Buying to customers during the Marketer and Dealer convention in May of this year. "We are excited to be able to aggregate the buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. of our channel partners and give them a tool to help them be more competitive in the marketplace," said Doug DOUG Dumb Old Utility Guy Eckel, manager of Wholesale Programs and Services, ConocoPhillips. "We believe this relationship with CBC will accomplish this purpose." "This is a significant step forward as we continue to expand our business in the marketer and dealer channels," says Jonathon Lanphier, president and chief executive officer, CBC. "By combining the strength of ConocoPhillips with our national buying services, we have formed a strong strategic fit and competitive advantage for both organizations." CBC is the largest buying services company for petroleum marketers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with over 4,000 participating locations in all 50 states. CBC partners with over 400 various industry suppliers offering programs and services for petroleum marketers and dealers. ConocoPhillips is an integrated petroleum company with interests around the world. Headquartered in Houston, the company had approximately 57,000 employees and $77 billion of assets as of Dec. 31. For more information, go to www.conocophillips.com. |
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