Filed by Conoco Inc. Pursuant to Rule 425
                                      under the Securities Act of 1933

                                      Subject Company:     ConocoPhillips
                                      Commission File No.: 333-74798



Set forth below is the press release issued by Conoco Inc. on March 6, 2002
regarding the proposed merger between Conoco and Phillips Petroleum Company.


CONOCO RECEIVES CLEARANCE FROM EUROPEAN COMMISSION AND CANADIAN COMPETITION
BUREAU FOR MERGER WITH PHILLIPS

Contact: Carlton W. Adams

HOUSTON (March 6, 2002) - Conoco (NYSE:COC) today announced that the European
Commission has completed its investigation of Conoco's proposed merger with
Phillips (NYSE:P). The Commission determined that the proposed merger did not
raise any competition concerns, and therefore cleared the merger without any
undertakings. Conoco also announced that the Canadian Commissioner of
Competition issued an Advance Ruling Certificate on February 12, thereby
clearing the merger as proposed.

As previously announced, the merger is expected to close in the second half of
2002, pending expiration of the waiting period under the U.S.
Hart-Scott-Rodino Act, a favorable vote by both Conoco and Phillips
shareholders, and other customary closing conditions.

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3/06/02

ADDITIONAL INFORMATION

On February 7, 2002, in connection with the proposed Conoco/Phillips merger,
Conoco, Phillips and ConocoPhillips (formerly CorvettePorsche Corp.) filed a
definitive joint proxy statement/prospectus with the Securities and Exchange
Commission (the "SEC") regarding the proposed transaction. INVESTORS AND
SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE JOINT PROXY
STATEMENT/PROSPECTUS REGARDING THE PROPOSED MERGER BECAUSE IT CONTAINS
IMPORTANT INFORMATION. The definitive joint proxy statement/prospectus was
sent on February 8, 2002 to stockholders of Conoco and Phillips seeking their
approval of the proposed transaction. Investors and security holders may
obtain a free copy of the definitive joint proxy statement/prospectus and
other documents filed by Conoco with the SEC at the SEC's Web site at
www.sec.gov. The definitive joint proxy statement/prospectus and these other
documents may also be obtained for free from Conoco by calling Conoco at
281-293-6800, and through Conoco's Web site at www.conoco.com.



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Conoco and its executive officers and certain other members of management and
employees may be soliciting proxies from its stockholders in favor of the
proposed merger. Information regarding the persons who may, under the rules of
the SEC, be considered to be participants in the solicitation of Conoco's
stockholders in connection with the proposed Conoco/Phillips merger is set
forth in Conoco's proxy statement for a special meeting of stockholders, dated
August 8, 2001, and filed with the SEC on August 3, 2001. Additional
information is set forth in the definitive joint proxy statement/prospectus.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release contains forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. These statements are based on management's current expectations and
beliefs and are subject to a number of factors and uncertainties that could
cause actual results to differ materially from those described in the
forward-looking statements. The forward-looking statements contained in this
press release include statements about future financial and operating results
and the proposed Conoco/Phillips merger. These statements are not guarantees
of future performance, involve certain risks, uncertainties, and assumptions
that are difficult to predict, and are based upon assumptions as to future
events that may not prove accurate. Therefore, actual outcomes and results may
differ materially from what is expressed herein.

In any forward-looking statement in which Conoco or Phillips expresses an
expectation or belief as to future results, such expectation or belief is
expressed in good faith and believed to have a reasonable basis, but there can
be no assurance that the statement or expectation or belief will result or be
achieved or accomplished. The following factors, among others, could cause
actual results to differ materially from those described in the
forward-looking statements: the risk that Conoco's and Phillips' businesses
will not be integrated successfully; costs related to the proposed merger;
failure of the Conoco or Phillips stockholders to approve the proposed merger;
and other economic, business, competitive and/or regulatory factors affecting
Conoco's and Phillips' businesses generally as set forth in Conoco's and
Phillips' filings with the SEC, including their Annual Reports on Form 10-K
for the fiscal year ended 2000, especially in the Management's Discussion and
Analysis section, their most recent Quarterly Reports on Form 10 Q and their
Current Reports on Form 8-K. Conoco and Phillips are under no obligation to
(and expressly disclaim any such obligation to) update or alter their
forward-looking statements whether as a result of new information, future
events or otherwise.