Frank Phillips, the founder of Phillips Petroleum Company (now Phillips 66), passed away in 1950.
Frank Phillips was born on November 28, 1873, in Scotia, Nebraska. He was an American entrepreneur who, along with his brother L.E. Phillips, founded the Phillips Petroleum Company in 1917 in Bartlesville, Oklahoma. The company started as a small, independent oil producer and refiner but grew to become one of the largest and most successful American oil companies.
Phillips was known for his innovative approaches to oil production and refining, as well as his philanthropy. He played a significant role in the development of the oil industry in the United States, particularly in the Mid-Continent region. Under his leadership, Phillips Petroleum made significant discoveries and developments in oil and natural gas, which contributed to the company’s growth.
Apart from his business achievements, Frank Phillips was also a notable philanthropist. He established the Frank Phillips Foundation, which supported various educational, cultural, and community projects. His legacy includes the Woolaroc Museum & Wildlife Preserve, which was his ranch retreat and is now a museum showcasing art, artifacts, and wildlife.
Frank Phillips lived a life marked by business acumen and community involvement until his death on August 23, 1950, at the age of 76. His contributions to the oil industry and his philanthropic efforts left a lasting impact on the communities he served and the energy sector as a whole.
