1905

Striking Oil

After two failed attempts, brothers Frank and L.E. Phillips are struggling financially and nearly unable to continue their quest for oil. On June 23, 1905, they hit a gusher after deciding to drill one last well north of Bartlesville, Okla. Dubbed the Anna Anderson No. 1 after the young Native-American girl from whom the lease was obtained, the well brings in about 250 barrels of oil a day. This is the first in a string of 81 consecutive drilling successes for the Phillips'. By 1921, they have more than 900 producing wells.

1909

Expanding Across the U.S.

Continental Oil and Transportation builds the first filling station in the West and invests in a fleet of delivery trucks, each with three tanks to deliver different types of fuel. Over the next 20 years, the company will build more than 1,000 service stations in 15 states, each emblazoned with the trademark Continental soldier. The company eases its way into the production and refining of crude oil, merging with several other producers, but always retains the name Continental Oil.

1910

Building the Business

in Ponca City

Marland Oil Company, which later merges with Continental Oil and Transportation to form Conoco, establishes the industry's first

Research & Development Department in the late 1910s.

1911

Building the Business

in Ponca City

Pennsylvania oil man E.W. Marland heads west to Oklahoma in search of oil. He secures a lease from the Ponca tribe and strikes in 1911. In 1918, he builds a small refinery there to process the crude, and in 1922 incorporates Marland Oil. In order to market the refined output, he builds hundreds of gas stations. The company is headquartered in Ponca City, Oklahoma.

1917

Setting Down Roots

in Bartlesville

The Phillips brothers incorporate Phillips Petroleum Company,

headquartered in Bartlesville,

Oklahoma.

1919

“66ers” Basketball Team Forms

In 1919, a group of Phillips Petroleum employees in Bartlesville decide to form a company basketball team. The "66ers" quickly grow from a small town team to an organization of accomplished amateur athletes receiving national and worldwide attention.

How good were the 66ers? You be the judge:

• In almost 50 seasons, the 66ers earned 1,543 wins

  against 271 losses.

• They won two Olympic Trial championships, and

   66ers players populated the U.S. Olympic teams

   in 1948, 1952, 1956 and 1960.

• They captured 11 Amateur Athletic Union (AAU)

  crowns and produced 39 AAU All-Americans.

1920

First Service Station

Pennsylvania oil man E.W. Marland heads west to Oklahoma in search of oil. He secures a lease from the Ponca tribe and strikes in 1911. In 1918, he builds a small refinery there to process the crude, and in 1922 incorporates Marland Oil. In order to market the refined output, he builds hundreds of gas stations. The company is headquartered in Ponca City, Oklahoma.

1921

Seismography

The Phillips brothers incorporate Phillips Petroleum Company,

headquartered in Bartlesville,

Oklahoma.

1925

First R&D Laboratory is Created

In 1925, Phillips' future is threatened when the company is sued for violating Union Carbide's patent for processing natural gasoline. Although Phillips wins the suit, Frank Phillips recognizes that research is the key to both meeting this legal challenge as well as keeping the company moving forward. He enlists a team of researchers to identify methods to improve automobile and other fuels, and by 1927,

Phillips 66 is one of the first U.S. companies supporting full-time research activities.

1926

Aviation Department Forms

Phillips Petroleum forms its Aviation department and designs the first aviation refueling trucks. Additionally, the company develops a new, lighter, more efficient aviation fuel that powers the first flight between the United States and Hawaii.

1927

First Phillips 66 Gas Station Opens

On Nov. 19, 1927, the first Phillips 66 gas station opens in Wichita, Kan. With the slogan "Phill-up and Fly" and an offer of five free gallons per "Phill-up," motorists quickly line up to cash in. The station sells its entire supply of gasoline that day. The Wichita station marks the company's jump from a small oil and gas producer to a major distributor. By 1930, Phillips 66 gasoline is well-known throughout the Midwest, with 6,750 retail outlets in 12 states bearing the now easily recognizable Phillips 66 shield. In this same year, Phillips Petroleum decides to enter the refining business and acquires its first refinery near Borger, Texas.

1927

The Evolution of a Logo

As Phillips Petroleum grows, it continues to use the Phillips 66 shield to market its fuels, and as its business quickly evolves, the company rolls out three new logos in three years.

1928

The Evolution of a Logo

As Phillips Petroleum grows, it continues to use the Phillips 66 shield to market its fuels, and as its business quickly evolves, the company rolls out three new logos in three years.

1929

An Early Merger

Marland Oil merges with Continental Oil and Transportation. The new corporation is based in Ponca City, Okla., and named Continental Oil Co. (Conoco). It owns thousands of retail outlets in 30 states.

1930

The Evolution of the Logo

As Phillips Petroleum grows, it continues to use the Phillips 66 shield to market its fuels, and as its business quickly evolves, the company rolls out three new logos in three years.

1931

Long-Distance Pipeline

Starts Up

The first long-distance, multi-product pipeline begins operation,

stretching from the Phillips 66 Borger, Texas, refinery to East

St. Louis, Ill.

1932

Union Oil Introduces New

Gasoline

Union Oil introduces its Union 76 gasoline. The name came from "The Spirit of 76" slogan referring to the American Revolution. It was also the octane rating the Union refineries could achieve at that time.

1941

Aviation Gas Aids WWII Efforts

One of Phillips Petroleum's greatest contributions to the Allied victory in World War II is the development of processes that greatly expand the production of 100-octane aviation gasoline, the lifeblood of fighter planes and bombers. This "super fuel," which allows aircraft to perform better under combat conditions, is made possible by Phillips' research and by Army Air Corps flight test programs.

1944

Innovation of Synthetic

Rubber

After publishing the first data showing the effectiveness of light

hydrocarbons in the production of synthetic rubber in the 1930s,

Phillips Petroleum laid the foundation for a new industry that

contributed significantly to Allied war efforts and spurred a

diversification of petrochemicals. Both Conoco and Phillips aided

in the war effort by making significant innovations in the production of synthetic rubber.

1951

Discovery, Entry into Plastics

A major breakthrough comes from Phillips Petroleum's laboratories in 1951. It's a classic case of serendipity, or the art of the happy accident. Two young researchers, Paul Hogan and Robert Banks, are searching for high-performance gasoline additives when their equipment plugs up with a white taffy-like substance. This "mistake" leads to the discovery of crystalline polypropylene and high-density polyethylene, plastics that are stronger, more flexible and more resistant to heat and moisture than any previous efforts. Phillips launches a new business – a family of polyolefin plastics sold under the trade name "Marlex." Almost overnight, demand for Marlex plastics skyrocket because of its use in the popular childhood toy, the Hula Hoop®.

1959

Debut of Today’s

Phillips 66 Logo

Phillips Petroleum unveils a revised version of its logo, keeping the same Phillips 66 shield, but with the colors red, black and white. This logo is still in use today.

1969

Ekofisk is Discovered

Pioneering LNG

Ekofisk – the first major oil discovery in Western Europe – comes close to not being drilled in 1969. Declining earnings are pinching Phillips Petroleum's budget, and management is discouraged by the 11 dry holes already drilled in the North Sea. The company attempts to save money by subleasing its drilling rig. When there are no takers, management decides to continue exploring. At 10,500 feet, the Ocean Viking discovers a giant oil field.

The Ekofisk field is followed by five other large discoveries in the area. To gather, process and transport the oil and natural gas from the fields, Phillips builds the world's largest offshore complex. Ekofisk Center consists of a mid-sea network of 27 platforms, with oil flowing through a 220-mile pipeline to the United Kingdom and natural gas moving through a 275-mile pipeline to Germany. At the height of development, as many as 2,000 men and women work offshore in this multibillion dollar "city in the sea."

1970

Union Oil Introduces New

Gasoline

Union Oil introduces its Union 76 gasoline. The name came from "The Spirit of 76" slogan referring to the American Revolution. It was also the octane rating the Union refineries could achieve at that time.

1980s

The Takeover Era

In 1981, DuPont acquires Conoco after a heated takeover battle, and Conoco becomes a wholly owned DuPont subsidiary. It is the largest merger in U.S. history at the time.

The mid-1980s are years of turmoil and triumph for Phillips Petroleum. Two separate battles are waged – and won – against corporate raiders who try to gain control of the company. T. Boone Pickens of Mesa Petroleum announces his takeover bid on the afternoon of Dec. 4, 1984, and the two companies reach a settlement just two days before Christmas. The victory was short-lived. Less than two months later, on Feb. 4, 1985, financier Carl Icahn makes another attempt to acquire a majority interest in Phillips stock. One month later, Icahn withdraws his offer. Phillips keeps its independence – something 11 other major oil companies lost during the turbulent 1980s.

1989

First Tension-Leg Platform

Conoco begins production from the first tension-leg platform (TLP), a revolutionary concept that allows for deep-water production. This

concept is successfully tested at the Hutton field in the North Sea.

1990

Conoco Builds Double-Hulled

Tankers

After the 1989 Exxon Valdez oil spill in Alaska, Conoco leads the industry and becomes the first major oil company to utilize a fleet of double-hulled crude oil tankers.

1994

Growing into China

Phillips Petroleum's exploration effort reaches into the Far East in the mid-1980s to help the People's Republic of China assess its offshore energy potential. The result is a significant oil discovery, the Xijiang fields, located 70 miles off the coast of Hong Kong in the South China Sea.

Xijiang is developed with a unique production system that gathers oil from two platforms and safely loads it onto vessels moored at sea. Production begins in 1994. As development of the Xijiang fields continues, the company drills what is at the time the world's longest extended reach well, traveling nearly five miles from the platform to the field.

1994

Unocal Receives Patent for Califiornia Gasoline

Unocal receives a U.S. patent for reformulated gasoline that meets the tough new 1996 standard set by the California Air Resources Board.

1996

Unocal Sells West Coast Assets to Tosco

Unocal sells all of its west coast refining, marketing and transportation assets, including the 76 and Circle K brands, to Tosco.

1998

15,000th Patent

Gyanesh Khare, research chemist senior specialist, receives Phillips Petroleum's 15,000th U.S. patent for a method to remove sulfur compounds from industrial

gas streams.

1998

The IPO

In the same year, DuPont announces the initial public offering of Conoco, setting the stage for Conoco to become its own company again.

2000-2001

Joint Ventures and Acquisitions Reshape

the Company

Just after the turn of the century, Phillips Petroleum completes several joint ventures and acquisitions that reshape the company. In 2000, the company combines its midstream business with Duke Energy Field Services, creating what is today DCP Midstream, LLC. In that same year, Phillips and Chevron combine their chemicals and plastics operations, creating Chevron Phillips Chemical Company LLC. Also in 2000, Phillips acquires ARCO's Alaska business, doubling the size of the company.

In 2001, Phillips acquires Tosco Corp., one of the largest refiners and marketers in the United States.

2002

Merger Creates Major Energy

Company

Conoco and Phillips Petroleum officially merge, creating the sixth-largest publicly traded oil company in the world and the third-largest in the United States at the time. The new company, ConocoPhillips, is headquartered in Houston.

2006

Investing in Future Energy

ConocoPhillips begins commercial production of renewable diesel fuel at the company's Whitegate Refinery in Cork, Ireland. The process uses soybean and other vegetable oils to produce renewable diesel fuel that meets European Union standards for diesel fuels.

In this same year, the company acquires Burlington Resources,

opening new opportunities in the natural gas segment.

Also in 2006, ConocoPhillips completes the acquisition of a partial interest in the planned 1,663-mile Rockies Express Pipeline project. The over-$4 billion joint venture pipeline will be one of the largest natural gas pipelines ever constructed in North America.

2007

Expanding Capabilities

ConocoPhillips successfully initiates the upstream and downstream business ventures with EnCana and begins upgrading the Borger and Wood River refineries to increase their heavy-oil processing capacity.

2012

Phillips 66 Launches as a

Stand-Alone Company

The downstream businesses of ConocoPhillips spin off into a publicly traded company called Phillips 66. On May 1, 2012, Phillips 66 begins trading under the symbol PSX on the New York Stock Exchange.

Consistent with Phillips 66's strategy to grow its Midstream business, in December 2012 the company announces plans to form a master

limited partnership (MLP) with a portion of its Transportation assets.

On July 23, 2013, the MLP began trading under the symbol PSXP on the NYSE.

2013

Phillips 66 Outlines Goals

The company announces an aggressive growth plan. By 2018, we'll become the leading energy logistics company by capturing opportunities in the evolving global market. We'll double our value by expanding our unique midstream, transportation and chemicals positions, while maintaining a competitive refining presence.