The American petrochemical industry took off, first making such as styrene, ethylene, propylene and butadiene. The company invented an HF alkylation process in 1940. Phillips turned to technology to increase the octane rating of fuels for use in advanced engines. World War II greatly stimulated the demand for petroleum products, especially high-octane aviation fuel and jet fuel. Phillips then divested itself of the Panhandle Eastern Pipeline Interest, but remained a major supplier of natural gas. 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. Supreme Court decided the landmark case of Phillips Petroleum vs. In 1942, the company bought more than 250,000 acres in the Hugoton-Panhandle gas fields and a 25 percent interest in the Panhandle Eastern Pipeline Co. "Boots" Adams, but continued as chairman of the board until 1949, when he was 76 years old. He then turned over the presidency to Kenneth S. įrank Phillips served as president of the company until 1938. Highway 66 in Oklahoma near Tulsa, resulting in the number 66 superimposed on the U.S. we're doing 66!", all while driving on U.S. In 1930, the company developed its "Phillips 66" trademark: according to company lore, a Phillips official was road-testing the company's newest gasoline, commented that the car was going "like 60" when his driver replied "Sixty nothing. It opened its first service station, to sell gasoline, in Wichita, Kansas on 19 November 1927. The refinery also produced other petroleum fractions (e.g., kerosene, fuel oils). In 1927, Phillips started up its first petroleum refinery in Borger, Texas, designed to produce gasoline as an automotive fuel. By 1925, it was the largest producer of natural gas liquids (NGL) in the United States. Phillips Petroleum became heavily involved in the natural gas industry immediately after the discovery of the Panhandle gas field of Texas and the Hugoton field in Kansas. Phillips Petroleum rapidly became a fully integrated oil company that included oil and gas production, crude oil pipelines and refineries, and marketing of petroleum products. The company was headquartered in Bartlesville, Oklahoma. Their younger brother, Waite Phillips, was the benefactor of Philmont Scout Ranch. The Phillips Petroleum Company was incorporated on June 13, 1917, by brothers Lee Eldas ("L.E.") Phillips and Frank Phillips, of Bartlesville, Oklahoma, United States. The new company, which owns the refinery, chemical and pipeline assets formerly held in ConocoPhillips, is named Phillips 66, the brand name and trademark used by the original Phillips Petroleum from 1930 until the 2002 ConocoPhillips merger. The legacy company kept its name, and spun off the midstream and downstream portions of its business. In 2012, ConocoPhillips split into two separate companies. The company moved its headquarters to Houston. merged with Phillips Petroleum to form ConocoPhillips, becoming the third largest integrated energy company and second-largest refining company in the United States. It was Phillips Petroleum that first found oil in the North Sea on December 23, 1969, at a position that was later named Ekofisk. 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.
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