ConocoPhillips, Houston, hired Fidelity Investments as record keeper of six defined contribution plans.
Fidelity will become the record keeper for the oil and gas exploration and production company effective Jan. 2, replacing Vanguard Group, according to an 8-K filing Wednesday with the SEC.
A blackout period for participants will begin at 3 p.m. CST on Dec. 26 and end during the week of Jan. 12, according to the filing.
The largest of the plans, the ConocoPhillips Savings Plan, had $6.7 billion in assets as of Dec. 31, according to the company's most recent 11-K filing.
The asset sizes of the other plans — the Company Retirement Contribution Make-Up Plan, the Key Employee Deferred Compensation Plan of ConocoPhillips Title I, the Key Employee Deferred Compensation Plan of ConocoPhillips Title II, the Defined Contribution Make-Up Plan of ConocoPhillips Title I, and the Defined Contribution Make-Up Plan of ConocoPhillips Title II — could not be immediately learned.
ConocoPhillips officials could not be immediately reached to provide further information.