Phillips and Bartlesville

The Phillips Petroleum Co. stockholders and the Conoco Inc. stockholders last month ratified their much-anticipated merger. The stockholders who voted appeared to like the idea of marriage, by 96% Conoco and 97% Phillips.A lot has been printed about how the two companies make a good match. The two have been familiar with each other for many years, so it is not like one of those "arranged marriages" in some countries where the only thing one partner knows about the other before the ceremony is a name and maybe a picture. It should work well.One of the consequences of this merger, however, is the stated intent of the Phillips top management to move the new company's flag to Houston. Phi...

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