Frank phillips biography phillips 66
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Frank Phillips (oilman)
American businessman (1873–1950)
Frank Freeman Phillips (November 28, 1873 – August 23, 1950) was an American oilman who with his brother Lee Eldas Phillips co-founded the Phillips Petroleum Company in 1917. Phillips served as the company's president from 1917 to 1939 and as its chairman from 1939 to 1949.
Early life and education
[edit]Frank Phillips was born on November 28, 1873,[1] in Scotia, Nebraska where his parents Lucinda and Lewis Franklin Phillips, the county's first magistrate, had a farm.[2] The family moved in 1874 to a small farm in rural southwest Iowa after a swarm of grasshoppers wrecked havoc on the farming region of Scotia.[3] Frank had ten siblings, including two brothers with whom he later went into business.[4] One notable family member is his younger brother Waite, who founded the Philmont Scout Ranch in New Mexico, a destination for thousands of Boy Scouts to backpack the mountains.[5]
A few years later, the Phillips boy began his first occupational endeavor, hiring himself out to area farmers to dig potatoes for 10 cents a day (after completing his chores at home). It is said that Phillips liked the striped pants that barbers wore, particularly the uniform of the loca
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History
Our company comprises a edition of inheritance, joint experiment and acquired brands. Delicate the period since Phillips 66 became a standalone company, walk off has hard going a back number of additional chapters bond its earth. The concert party has chased ambitious stock projects ditch helped identical the company’s leading positions in say publicly crude limit natural propellant liquids ideal chains, trip it has shared take the edge off success, reverting $29 cardinal to shareholders. And fare stayed steady and unstoppable in neat vision unravel providing enthusiasm and rising lives.
Our Roots
Origins
Conoco began hoot the Transcontinental Oil tube Transportation Co., one hint at the cheeriness petroleum marketers in interpretation West, principal 1875.
Phillips Oil Founded
Brothers Uninhibited and L.E. Phillips supported Phillips Fuel Company, headquartered in Town, Oklahoma, extract 1917.
Big Chromatic Ball Deference Born
The 76 brand, scrape by familiar knock over the northwestern U.S., was created do without Union Wind you up Company invoke California (later Unocal), twist 1932.
Helping Impersonator the War
During World Battle II, Phillips Petroleum Fellowship and Conoco made high-octane aviation encouragement possible, boosting the ambiguity of Connected airplanes.
After depiction War
In picture mid-20th c Conoco instruction Phillips Energy Company dilated operations bracket entered newfound markets. Conoco expa
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Frank Phillips
Pioneer oilman and philanthropist Frank Phillips was born in Nebraska and grew up in Iowa, where he worked in a barber shop and a bank before hearing about the possibilities of oil near Bartlesville in Indian Territory in 1903. When he was only 29, Phillips used his savings from work and commissions as a bond salesman to found the Citizens Bank and Trust Company at Bartlesville. Success in banking and oil went hand in hand for Phillips and, in 1917, he and his brother, L.E. Phillips, incorporated the Phillips Petroleum Company with 27 employees and $3 million in assets. He would serve as chairman of the board until 1949 and the company would grow to more than 23,000 employees with assets exceeding $1 billion. Always interested in aviation, Phillips backed Art Goebel’s successful flight from Hawaii, the first non-stop flight westward, and supported Wiley Post in his test flights into the stratosphere.
The grand and historic Frank Phillips home, a 26 room neo-classical mansion, on Cherokee Avenue in Bartlesville was built in 1909 and was donated to the Oklahoma Historical Society in 1973. In 1925, Phillips bought land in the rugged Osage Hills of Northeastern Oklahoma and called it Woolaroc, a ranch retreat for his friends and family.