At mile marker 148 on I-70 in Missouri there is a Phillips 66 retail store on the north side of I-70. On the south side, there is a Conoco retail store. So are these two retail stores both owned by Phillips 66? Will the Conoco branded stores be renamed to Phillips 66? Does this seem like overkill at one mid-Missouri interstate highway intersection? This particular intersection is a key road change for Lake of the Ozarks travelers for the summer season. Otherwise there is not much difference north versus south car numbers.
I would agree that neither is owned by COP. If you want to sell their brand all you have to do is make a deal and any station can become a cop station. I live in a town with 5 COP stations for 24k people.only blocks from each other.
Most Branded stations are not owned by the Co name out front. This is true for most of the majors (with VLO as maybe an exception.) PSX (all retail, co. owned/operated and Branded went to PSX not COP) has SOME Co owned stores but not many. So At most I would GUESS that only one and probably neither of these are owned by PSX.
As to Conoco going away as a brand, that is always a possibility. But such a 'strategy' has not been announced. It could as easily be the P66 brand (or 76 or Jet) that goes away (if any). But choosing to keep all of them is also possible.
If the owners of each station are happy with their branding agreement with PSX, I see no issue with having both brands at a single intersection. First, what is the cost (vs. benefits) of a branded station. Second, some buyers like P66, some like Conoco, some don't care, etc.
I certainly don't see any big deal or cost for this.
PSX has already disclosed that they will be keeping all three brands because of regional strengths of each brand name. In the future, anything is indeed possible, but for now the three are locked into their marketing scheme. Very wise choice in my opinion.
Retail outlets were sold years ago. MOST oil company branded outlets are owned by the jobbers who are supplied by the company. PSX now has the branded jobber business and will retain the Conoco, Phillips 66 and Union 76 brands (domestically).