Who is the Phibro Corp?
Phibro LLC is an international commodities trading firm and a subsidiary of Occidental Petroleum Corporation (Oxy). Phibro trades in crude oil , oil products , natural gas , precious and base metals, agricultural products, commodity-related equities, and other products. Phibro’s headquarters are located in Westport , Connecticut, with additional offices in London , Ireland and Singapore . History The company was founded in 1901 as Philipp Brothers. It was later acquired and became the Philipp Brothers Division of Engelhard Minerals & Chemicals Corporation . In 1981 the company was spun off as Phibro Corporation, and that same year the company subsequently acquired Salomon Brothers , creating Phibro-Salomon Inc. Phibro Energy, Inc. was established in 1984, absorbing the oil department of Philipp Brothers. In 1986, the combined company removed the Phibro name from the pare...