History
With nearly 150 years of experience, we are well positioned to help fulfill global energy needs. We are a diversified energy manufacturing and logistics company with unique businesses in Refining, Midstream, Chemicals, and Marketing and Specialties.
Our company comprises a diverse portfolio of heritage, joint venture, and acquired brands. Since becoming a standalone company in 2012, Phillips 66 has written several new chapters in its history. We operate an integrated portfolio across Midstream, Refining, Marketing, and Chemicals, anchored in the most advantaged hydrocarbon corridors in North America, including the Permian Basin and the Western Canadian Oil Sands. Throughout this period, Phillips 66 has shared its success returning more than 50% of cash to shareholders while remaining steadfast and relentless in its vision to provide energy and improve lives.
Our Roots
1875
Origins
Conoco began as the Continental Oil and Transportation Co., one of the first petroleum marketers in the West, in 1875.
1917
Phillips Petroleum Founded
Brothers Frank and L.E. Phillips founded Phillips Petroleum Company, headquartered in Bartlesville, Oklahoma, in 1917.
1932
Big Orange Ball Is Born
The 76 brand, long familiar in the western U.S., was created by Union Oil Company of California (later Unocal), in 1932.
WWII
Helping Win the War
During World War II, Phillips Petroleum Company and Conoco made high-octane aviation fuel possible, boosting the power of Allied airplanes.
1950+
After the War
In the mid-20th century, Conoco and Phillips Petroleum Company expanded operations and entered new markets. Conoco expanded overseas. Phillips invented polyethylene plastics and entered the plastics business.
1981
Takeover Targets
In 1981, DuPont acquired Conoco after a heated takeover battle, and Conoco became a wholly owned DuPont subsidiary. It was the largest merger in U.S. history at that time.
2002
Merger of Equals
Conoco and Phillips Petroleum Company officially merged in 2002 to become ConocoPhillips, creating the world's sixth-largest publicly traded oil company and third-largest in the U.S.
2012
Spinning Off Downstream
Phillips 66 took a classic in a new direction when it began trading under the symbol PSX on the New York Stock Exchange on May 1, 2012.
2025
Today
Ten years later, Phillips 66 is a diversified energy manufacturing and logistics company. The company processes, transports, stores and markets fuels and products globally.
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