Smartest thing they did was to split the company. Now both can concentrate on what is best for each business. They had way to many assets and poor capital employment. One share of COP + 1/2 share of PSX is within 50 cents of $120. Plus the dividend increases and better ROCE. I kept all the shares and loaded up on PSX when it was around $35/share so that i have about equal numbers of shares in both. One area where many Wallstreeters are right is in splitting up complex companies to realize underlying value.