1901 headquarters stamford connecticut key people simon greenshields ceo website www.phibro.com phibro is an international physical commodities trading firm . 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 stamford connecticut . 1 contents 1 history 2 references 3 further reading 4 external links history edit the company was founded in 1901 2 3 4 as philipp brothers . 5 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. 6 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 parent company . 7 in 1993 phibro energy inc. became the phibro energy division of salomon inc. 8 it was renamed simply phibro in 1996 and in 1997 salomon was acquired by travelers group which merged with citicorp to form citigroup in 1998 . 7 with the merger salomon became an indirect wholly owned subsidiary of citigroup . phibro came to the notice of the public when its leader andrew j. hall reportedly was seeking a 100 million bonus from citigroup which had been bailed out by u.s. taxpayers in 2009 . reportedly phibro was the main source of the 2 billion in pretax revenue citigroup received in commodities trading . 9 in october 2009 occidental petroleum announced it would acquire phibro from citigroup estimating its net investment at approximately 250 million . 10 in january 2016 it was purchased by energy arbitrage partners for an undisclosed sum . 11 references edit phibro llc . phibro . retrieved 19 december 2010 . tom cahill and justin baer 2006 06 25 . citigroup adds more than 30 to energy trading unit update1 . bloomberg . retrieved 24 december 2010 . bloomberg . phibro llc private company information businessweek . retrieved 19 december 2010 . phibro . phibro . retrieved 24 december 2010 . corkery michael october 9 2009 . 10 things you didn t know about phibro and andrew hall . wall street journal . history of salomon inc. fundinguniverse . fundinguniverse.com . retrieved 2014 04 29 . a b factbox a history of citi s phibro unit . reuters . 2009 10 09 . retrieved 19 december 2010 . kenneth n. gilpin 1993 02 04 . company reports ; salomon shows a turnaround in earnings . new york times . retrieved 19 december 2010 . segal david august 1 2009 . 100 million payday poses problem for pay czar . new york times . occidental petroleum 2009 10 09 . occidental petroleum announces acquisition of phibro . business wire . retrieved 19 december 2010 . gregory meyer 2016 01 26 . phibro bought by former wall street banker . financial times . retrieved 19 december 2010 . further reading edit copetas a. craig 1986 . metal men how marc rich defrauded the country evaded the law and became the world s most sought after corporate criminal . harper perennial . isbn 978 006097060 4 . ammann daniel 2009 . the king of oil the secret lives of marc rich . new york st. martin s press . isbn 0 312 57074 0 . waszkis helmut . the history of a trading giant . metal bulletin . isbn 0 947671 12 9 . external links edit official website guide to the phillips brothers research collection at the leo baeck institute ny retrieved from https en.wikipedia.org w index.php title phibro & oldid 735770972 categories commodity marketscompanies based in stamford connecticuthidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 23 august 2016 at 00 31 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view