Phillips Petroleum Co. - 1970's dated Oil and Natural Gas Company Bond - ConocoPhillips

$5,000 purple or $10,000 olive 7 5/8% Bond printed by American Bank Note Company. Please specify color. Phillips Petroleum Company was an American oil company incorporated in 1917 that expanded into petroleum refining, marketing & transportation, natural gas gathering & the chemicals sectors. It was Phillips Petroleum that first found oil in the North Sea on December 23, 1969, at a position that was later named Ekofisk. On August 30, 2002, Conoco Inc. merged w/ Phillips Petroleum to form ConocoPhillips, becoming the third largest integrated energy company & second-largest refining company in the United States. The company moved its headquarters to Houston.

The Phillips Petroleum Company was incorporated on June 13, 1917, by brothers Lee Eldas ("L.E.") Phillips & Frank Phillips, of Bartlesville, Oklahoma, United States. Their younger brother, Waite Phillips, was the benefactor of Philmont Scout Ranch. The company was headquartered in Bartlesville, Oklahoma. Phillips Petroleum rapidly became a fully integrated oil company that included oil & gas production, crude oil pipelines & refineries, & marketing of petroleum products. Phillips Petroleum became heavily involved in the natural gas industry immediately after the discovery of the Panhandle gas field of Texas & the Hugoton field in Kansas. By 1925, it was the largest producer of natural gas liquids (NGL) in the United States. Read more at https://en.wikipedia.org/wiki/Phillips_Petroleum_Company