Phillips 66 Company

The Phillips 66 company is a leading American multinational energy sector company headquartered in Houston, Texas. It appeared as an independent energy company spinning off ConocoPhillips' downstream and midstream assets. Phillips 66 got its name back in 1927 from Phillips Petroleum Company.

It produces natural gas liquids and petrochemicals'; it has over 14000 employees worldwide with its active presence in the United States, Australia, United Kingdom, Germany, and Switzerland. In 1917, Lee Eldas Phillips and Frank Phillips of Bartlesville, Oklahoma, founded the Phillips Petroleum Company. Initially, the company had $13 million and 27 employees, and land throughout Oklahoma and Kansas. It was involved in the rapidly developing natural gas industry and specialized in extracting liquids from natural gas, and by 1925 it was the nation's largest producer of natural gas liquids. It got 66 in its name from a combination of events; car testing the fuel did 66 miles per hour; second, the test took place on Route 66 US. The first Phillips 66 was opened in Wichita, Kansas, on November 19, 1927. On July 27, 1928, the first Phillips 66 service station opened in Turkey, Texas. In 1930, the Phillips 66 logo introduced a black & orange color scheme that would last something nearly thirty years; in 1959, Phillips replaced these colors with red, white, and black.

It had a gasoline station in a few provinces of Canada under the name Pacific 66. Phillips 66 purchased Tidewater Oil Co's, entered the West Coast market, and rebranded all Flying A distributorships and service stations. In 1967, Phillips became the second-largest oil company after Texaco to sell and market gasoline in all 50 states by opening Phillips Anchorage, Alaska. Phillips initiated a joint venture with Chevron Corporation's Chemicals and Plastic division in 2000, acquired ARCO Alaska from BP. in 2001, and made another purchase of Tosco, which included Circle K convenience stores and Union 76 gasoline.

Further, in 1983, it bought the General American Oil Company from owners Algur H. Meadows, Henry W. Peters, and Ralph G. Trippett. It merged with Conoco to form ConocoPhillips in 2002. In 2012, Phillips and Conoco temporarily separated from each other and moved their operations to the Pinnacle building Westchase building, Houston. However, the company completed its move in 2016 to a new permanent headquarters on a 14-acre plot of land in Westchase.