ConocoPhillips

Purpose: Use our pioneering spirit to responsibly deliver energy to the world. Isaac Elder Blake founds the Continental Oil & Transportation Company in Ogden, Utah. Standard Oil Co. takes control of Continental, which is merged with Standard's Rocky Mountain operations and reincorporated in Colorado as the Continental Oil Company. Brothers Frank and L.E. Phillips form the Anchor Oil and Gas Company. Following the U.S. Supreme Court-ordered breakup of Standard Oil, Continental Oil becomes an independent company once again. Continental diversifies into oil production with the purchase of United Oil Company. The Phillips brothers found Phillips Petroleum Company to acquire Anchor Oil and Gas; headquarters are established in Bartlesville, Oklahoma. Phillips Petroleum enters the refining and marketing businesses, opening its first gas station in Wichita, Kansas, under the Phillips 66 brand name. Continental merges with Marland Oil Company; the new company takes the Continental name but is headquartered in Ponca City, Oklahoma, where Marland had been based. Phillips Petroleum makes its biggest discovery, the Greater Ekofisk field under the Norwegian North Sea. General American Oil Company is acquired by Phillips; Conoco's headquarters are shifted to Wilmington, Delaware. Phillips' natural gas gathering, processing, and marketing operations are combined with those of Duke Energy Corporation to form Duke Energy Field Services, 30.3 percent owned by Phillips; the company doubles its oil and gas reserves through its biggest acquisition in company history, a $7 billion deal for the Alaskan assets of Atlantic Richfield; Phillips combines its worldwide chemicals businesses with those of Chevron to form a 50-50 joint venture called Chevron Phillips Chemical Company. Phillips Petroleum and Conoco merge, forming ConocoPhillips in a $15.12 billion deal. Source: International Directory of Company Histories , Vol.63. St. James Press, 2004.