Home      Discussion      Topics      Dictionary      Almanac
Signup       Login
Phillips Petroleum

Phillips Petroleum

Overview
Phillips Petroleum Company was founded in 1917 by L.E. Phillips and Frank Phillips
Frank Phillips
Frank Phillips founded Phillips Petroleum in Bartlesville, Oklahoma in 1917, along with his brother, Lee Eldas "L.E." Phillips, Sr...

, of Bartlesville
Bartlesville, Oklahoma
Bartlesville is a city in Osage and Washington counties in the U.S. state of Oklahoma. The population was 34,748 at the 2000 census. Bartlesville is located forty-seven miles north of Tulsa and very close to Oklahoma's northern border with Kansas...

, Oklahoma
Oklahoma
Oklahoma is a state located in the South Central region of the United States of America. With an estimated 3,617,316 residents in 2007 and a land area of 68,667 square miles , Oklahoma is the 28th most populous and 20th-largest state...

. Their younger brother, Waite Phillips
Waite Phillips
Waite Phillips and his identical twin brother Wiate were born near Conway, Iowa to Civil War veteran Lewis “Lew” Franklin Phillips and Lucinda Josephine “Josie” Faucett Phillips...

 was the benefactor of Philmont Scout Ranch
Philmont Scout Ranch
Philmont Scout Ranch is a large, rugged, mountainous ranch located near the town of Cimarron, New Mexico covering approximately of wilderness in the Sangre de Cristo Mountains of the Rocky Mountains of northern New Mexico...

.

Phillips Petroleum was headquartered in Bartlesville, Oklahoma
Bartlesville, Oklahoma
Bartlesville is a city in Osage and Washington counties in the U.S. state of Oklahoma. The population was 34,748 at the 2000 census. Bartlesville is located forty-seven miles north of Tulsa and very close to Oklahoma's northern border with Kansas...

.

In 1954, the U.S. Supreme Court decided the landmark case of Phillips Petroleum vs. State of Wisconsin which held that the Federal government should regulate under the Natural Gas Act the prices which natural gas producers charge when selling gas at the wellhead.

In late 1984, Mesa Power LP
Mesa Power LP
Mesa Power is a wind energy company owned by T. Boone Pickens. The company had plans to build large wind farms in the western Texas panhandle, the so-called Pampa Wind Project, part of the Pickens Plan. However, on July 8, 2009 the wind farm project was delayed for what were described as...

 Company, led by T. Boone Pickens, Jr.
T. Boone Pickens, Jr.
Thomas Boone Pickens, Jr. , known as T. Boone Pickens, is an American financier who chairs the hedge fund BP Capital Management. He was a well-known takeover operator and corporate raider during the 1980s. His takeovers put many independent oil producers out of business...

, attempted a hostile takeover of Phillips Petroleum.
Discussion
Ask a question about 'Phillips Petroleum'
Start a new discussion about 'Phillips Petroleum'
Answer questions from other users
Full Discussion Forum
 
Encyclopedia
Phillips Petroleum Company was founded in 1917 by L.E. Phillips and Frank Phillips
Frank Phillips
Frank Phillips founded Phillips Petroleum in Bartlesville, Oklahoma in 1917, along with his brother, Lee Eldas "L.E." Phillips, Sr...

, of Bartlesville
Bartlesville, Oklahoma
Bartlesville is a city in Osage and Washington counties in the U.S. state of Oklahoma. The population was 34,748 at the 2000 census. Bartlesville is located forty-seven miles north of Tulsa and very close to Oklahoma's northern border with Kansas...

, Oklahoma
Oklahoma
Oklahoma is a state located in the South Central region of the United States of America. With an estimated 3,617,316 residents in 2007 and a land area of 68,667 square miles , Oklahoma is the 28th most populous and 20th-largest state...

. Their younger brother, Waite Phillips
Waite Phillips
Waite Phillips and his identical twin brother Wiate were born near Conway, Iowa to Civil War veteran Lewis “Lew” Franklin Phillips and Lucinda Josephine “Josie” Faucett Phillips...

 was the benefactor of Philmont Scout Ranch
Philmont Scout Ranch
Philmont Scout Ranch is a large, rugged, mountainous ranch located near the town of Cimarron, New Mexico covering approximately of wilderness in the Sangre de Cristo Mountains of the Rocky Mountains of northern New Mexico...

.

Phillips Petroleum was headquartered in Bartlesville, Oklahoma
Bartlesville, Oklahoma
Bartlesville is a city in Osage and Washington counties in the U.S. state of Oklahoma. The population was 34,748 at the 2000 census. Bartlesville is located forty-seven miles north of Tulsa and very close to Oklahoma's northern border with Kansas...

.

In 1954, the U.S. Supreme Court decided the landmark case of Phillips Petroleum vs. State of Wisconsin which held that the Federal government should regulate under the Natural Gas Act the prices which natural gas producers charge when selling gas at the wellhead.

In late 1984, Mesa Power LP
Mesa Power LP
Mesa Power is a wind energy company owned by T. Boone Pickens. The company had plans to build large wind farms in the western Texas panhandle, the so-called Pampa Wind Project, part of the Pickens Plan. However, on July 8, 2009 the wind farm project was delayed for what were described as...

 Company, led by T. Boone Pickens, Jr.
T. Boone Pickens, Jr.
Thomas Boone Pickens, Jr. , known as T. Boone Pickens, is an American financier who chairs the hedge fund BP Capital Management. He was a well-known takeover operator and corporate raider during the 1980s. His takeovers put many independent oil producers out of business...

, attempted a hostile takeover of Phillips Petroleum. Phillips remained an independent company, but recapitalized with greater debt.

In 1989, 1999, and 2000 explosions happened at this facility. Altogether, 26 men died in these events.
On August 30, 2002, Conoco Inc.
Conoco Inc.
Conoco Inc. was an American oil company founded in 1875 as the Continental Oil and Transportation Company. It is now a brand of gasoline and service station in the United States which belongs to the ConocoPhillips Company....

 merged with Phillips Petroleum to form ConocoPhillips
ConocoPhillips
ConocoPhillips Company is an international energy corporation with its headquarters located in the Energy Corridor district of Houston, Texas in the United States. It is the fifth largest private sector energy corporation in the world and is one of the six "supermajor" vertically integrated oil...

. http://www.conocophillips.com/about/Company+History/index.htm The best-known brand of Phillips Petroleum is Phillips 66
Phillips 66
The company that made Phillips 66 gasoline began in 1917 as Phillips Petroleum Company, founded by L.E. Phillips and Frank Phillips, of Bartlesville, Oklahoma. In 1927, the company's gasoline was being tested on U.S...

, named in part for US Highway 66
U.S. Route 66
U.S. Route 66 was a highway in the U.S. Highway System. One of the original U.S. highways, Route 66, US Highway 66, was established on November 11, 1926. However, road signs did not go up until the following year...

.

External links