ConocoPhillips

History

Year	Detail
1875	Isaac Elder Blake founded the company Continental Oil and Transportation.
1883	The company has its First Pipeline in California, and New products are introduced in the market called benzene to clean stoves, ready-mixed paints, hoof oil for horses, and even a popular medicinal ointment.
1885	Standard Oil takes control of Continental Oil and Transportation Co.
1909	Continental Oil builds the West’s first filling station.
1913	The U.S. Supreme Court orders Standard Oil to relinquish control of Continental Oil and Transportation Co. in an attempt to prevent a monopoly.
1917	Brothers Frank and L.E. Phillips established Phillips Petroleum Company, headquartered in Bartlesville, Oklahoma, U.S.
1920	Phillips developed and marketed propane for home heating and cooking - Philgas.
1926	Phillips formed its Aviation department and designed the first aviation refueling trucks.
1927	Phillips enters the refining business by acquiring its first refinery near Borger, Texas.
1929	Marland Oil merges with Continental Oil and Transportation Co., forming a new company known as the Continental Oil Company (Conoco).
1930	Phillips Acquired Independent Oil and Gas Co.
1948	Phillips formed a new subsidiary, Phillips Chemical Company, and became one of the first oil companies to install electrostatic precipitators at refineries to reduce air emissions.
1951	Phillips invents polyethylene plastics and discovers and develops a new process to produce high-density polyethylene resins, launching Phillips’ entry into the plastics business.
1969	Phillips pioneers the first shipment of liquefied natural gas (LNG) from Alaska to Japan.
1970	Conoco expands internationally, making engineering acquisitions throughout Europe by creating a network of service stations in West Germany, Austria, Belgium, Luxembourg, and the United Kingdom, each marketing different Conoco gasoline brands.
1981	DuPont acquired Conoco.
1998	Conoco officially separated from the company DuPont.
2000	Phillips and Chevron combine their chemicals and plastics operations, creating Chevron Phillips Chemical Company.
2002	Conoco and Phillips officially merged and formed a new company called ConocoPhillips.
2006	Acquired Wilhelmshaven refinery in Germany and U.K.-based Louis Dreyfus Refining and Marketing Limited.
2007	ConocoPhillips and Tyson Foods announce strategic alliance to produce next generation renewable diesel fuel created from beef, pork and poultry byproduct fat.
2009	ConocoPhillips and Origin Energy created a long-term joint venture Australasian natural gas business focused on coal bed methane and liquefied natural gas (LNG) processing and sales.
2011	Formed a joint venture with General Electric and NRG Energy, ConocoPhillips creates Energy Technology Ventures to focus on the development of next-generation energy technologies for renewable power generation, smart grids, energy efficiency, oil, natural gas, coal and nuclear energy, emission controls, water and biofuels.
2012	The Gumusut well in offshore Malaysia begins producing oil.
2014	It has achieved the first oil production from the Gumusut-Kakap Floating Production Facility in Malaysia.
2018	Acquired additional acreage and transportation interests in the Greater Kuparuk Area in Alaska and Acquired Anadarko’s non-operated interests in Alaska Western North Slope and Alpine pipeline for $400 million.
2021	ConocoPhillips Acquires Concho Resources and expands the company’s presence in the Permian.