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Phillips Petroleum Company was an American oil company incorporated in 1917 that expanded into petroleum refining, marketing and transportation, natural gas gathering and the chemicals sectors. It was Phillips Petroleum that first found oil in the North Sea on December 23, 1969, at a position that was later named Ekofisk .
The Phillips Petroleum Company was founded by Lee Eldas "L.E." Phillips and Frank Phillips of Bartlesville, Oklahoma, and incorporated on June 13, 1917. The new company had assets of $3 million, 27 employees and land throughout Oklahoma and Kansas.
In 1875, the "Continental Oil and Transportation Company" (acronym "Conoco") was founded in Ogden, Utah. In 1885, Conoco was reincorporated as part of Standard Oil. After the Supreme Court of the United States dissolved Standard Oil, Conoco became independent in 1913. By 1929, it had become a fully integrated oil company.
Jul 3, 2024 · Phillips Petroleum Company, former U.S. petroleum company that merged with Conoco in August 2002 to form ConocoPhillips. Phillips was incorporated in Bartlesville, Oklahoma, in 1917 to acquire the Oklahoma and Kansas oil-producing properties of Frank and L.E. Phillips.
Brothers Frank and L.E. Phillips founded Phillips Petroleum Company, headquartered in Bartlesville, Oklahoma, in 1917. Big Orange Ball Is Born. The 76 brand, long familiar in the western U.S., was created by Union Oil Company of California (later Unocal), in 1932. Helping Win the War.
Incorporated at Bartlesville in 1917, the Phillips Petroleum Company was headquartered there for eighty-five years. In 2002 Phillips, Oklahoma's then-largest company, and Conoco, Inc., merged to become ConocoPhillips and relocated to Houston, Texas.
May 17, 2018 · Early History. Phillips is named after brothers Frank and L.E. Phillips and was organized in 1917 to acquire their original venture in the oil business, Anchor Oil and Gas Company. Raised on an Iowa farm, the Phillips brothers left Iowa after Frank heard rumors of vast oil deposits in Oklahoma, then part of the Indian Territory.
ConocoPhillips is the third largest U.S. integrated oil company, behind only Exxon Mobil Corporation and ChevronTexaco Corporation. The company was formed in August 2002 from the $15.12 billion merger of Conoco Inc. and Phillips Petroleum Company. ConocoPhillips' main focus is on the upstream side of the petroleum industry.
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally.
ConocoPhillips Alaska, Inc. (CPAI) is Alaska’s largest crude oil producer and largest owner of exploration leases, with approximately 1 million net undeveloped acres at year-end 2023.
