Phillips Petroleum
Encyclopedia
Phillips Petroleum Company was founded in 1917 by L.E. Phillips and Frank Phillips, of Bartlesville
, Oklahoma
. Their younger brother Waite Phillips
was the benefactor of Philmont Scout Ranch
.
The best-known brand of Phillips Petroleum is Phillips 66
, named in part for the historic US Highway known as Route 66
.
Phillips Petroleum was headquartered in Bartlesville, Oklahoma
.
In 1954, the U.S. Supreme Court decided the landmark case of Phillips Petroleum vs. State of Wisconsin which held that under the Natural Gas Act, the federal government should regulate the prices which natural gas producers charge when selling gas at the wellhead.
In 1966, Phillips Petroleum bought Tidewater Oil Company's West Coast operations and rebranded their Flying A outlets to Phillips 66.
In late 1984, Mesa Power LP
Company, led by T. Boone Pickens, Jr.
, attempted a hostile takeover of Phillips Petroleum. Phillips remained an independent company but recapitalized with greater debt.
On August 30, 2002, Conoco Inc.
merged with Phillips Petroleum to form ConocoPhillips
. http://www.conocophillips.com/about/Company+History/index.htm
Bartlesville, Oklahoma
Bartlesville is a city in Osage and Washington counties in the U.S. state of Oklahoma. The population was 43,070 at the 2010 census. Bartlesville is located forty-seven miles north of Tulsa and very close to Oklahoma's northern border with Kansas. It is the county seat of Washington County, in...
, Oklahoma
Oklahoma
Oklahoma is a state located in the South Central region of the United States of America. With an estimated 3,751,351 residents as of the 2010 census 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 was an American petroleum businessman who created a fully integrated operation that combined petroleum producing, refining and marketing. With headquarters in Tulsa, Oklahoma, he also developed several office complexes and engaged in banking and ranching...
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...
.
The best-known brand of Phillips Petroleum is Phillips 66
Phillips 66
Phillips 66 is a brand of gasoline and service station in the U.S. It is owned by the ConocoPhillips Company.Phillips 66 will also be the name of the future downstream company created when ConocoPhillips repositions its integrated assets and businesses into two independent, publicly-traded...
, named in part for the historic US Highway known as Route 66
U.S. Route 66
U.S. Route 66 was a highway within the U.S. Highway System. One of the original U.S. highways, Route 66 was established on November 11, 1926 -- with road signs erected the following year...
.
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 43,070 at the 2010 census. Bartlesville is located forty-seven miles north of Tulsa and very close to Oklahoma's northern border with Kansas. It is the county seat of Washington County, in...
.
In 1954, the U.S. Supreme Court decided the landmark case of Phillips Petroleum vs. State of Wisconsin which held that under the Natural Gas Act, the federal government should regulate the prices which natural gas producers charge when selling gas at the wellhead.
In 1966, Phillips Petroleum bought Tidewater Oil Company's West Coast operations and rebranded their Flying A outlets to Phillips 66.
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 business magnate and financier. Pickens chairs the hedge fund BP Capital Management. He was a well-known takeover operator and corporate raider during the 1980s...
, attempted a hostile takeover of Phillips Petroleum. Phillips remained an independent company but recapitalized with greater debt.
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 American multinational energy corporation with its headquarters located in the Energy Corridor district of Houston, Texas in the United States...
. http://www.conocophillips.com/about/Company+History/index.htm