Phillips’ tender offer was oversubscribed.

Officials of Bartlesville, Okla.-based Phillips Petroleum Co. said they have received offers to tender far more than the 72.6 million shares of stock that the company has said it will exchange for $62 per share in debt notes. The firm did not say how many shares were tendered by the midnight Friday deadline. The exchange was in response to a hostile takeover attempt by New York financier Carl Icahn, who has since withdrawn his offer to buy a controlling interest in Phillips.