Top 100 business founders in the World No.14: Frank Phillips- Phillip 66

08-10-2016

(Worldkings)Frank Phillips (November 28, 1873 – August 23, 1950) founded Phillips Petroleum in Bartlesville, Oklahoma (marketed as Phillips 66) in 1917, along with his brother, Lee Eldas "L.E." Phillips, Sr.

1873: born in Nebraska, US.

1874: moved to Iowa, 1897 working as a barber and then owned his own barbershop in Creston.

1903: founded the Citizen Bank and Trust Company, and then in 1917: he founded the Phillips Petroleum Company.

1917-1938: served as the President of the Company.

1938: served as the Chairman of the Company until 1939, when he named Kenneth Stanley “Boots” Adam to succeed him.

1950: Frank Phillip died.

1954: introduced the motor oil, Trop Artic.

1967: became the 2nd second oil company.

1972: withdrew from gasoline and then returned in 1976.

2000: merged with Conoco to form the company ConocoPhillips but then spun off in 2012.

2015: sold two natural gas pipeline systems to its affiliate, Phillips 66 Partners for $1.01 billion in cash and stock.


Le Thanh Minh- worldking.org (summarized)

 

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