Conoco Added to S&P 500 Index.NEW YORK--(BUSINESS WIRE)--July 12, 1999-- Standard & Poor's will replace Battle Mountain Gold (BMG BMG Bundesministerium für Gesundheit (Germand: Federal Ministry for Health) BMG Be My Girl BMG Blue Man Group BMG Bertelsmann Music Group BMG Be My Guest BMG Browning Machine Gun BMG Bulk Metallic Glass ) in the S&P 500 with Conoco Inc. (COC See chip on chip. .B) after the close of trading Friday, August 6, 1999. S&P 500 component Dupont (DD) is splitting off the remaining 70% of Conoco it owns in a tender offer which expires on that date. Battle Mountain Gold is being removed for lack of representation. Conoco is an integrated energy company. The company, headquartered in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the will be added to the S&P 500 Oil (Domestic Integrated) industry group. Following is a summary of the announced changes:
S&P 500 INDEX -- August 6, 1999
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Conoco Inc (B) Energy Oil(Domestic Integrated)
DROPPED Battle Mountain Gold Basic Materials Gold & Precious Metals
Mining
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