181:. His skill as a barber spread so that he was able to purchase Climax Barber Shop in no time. This was later called Climax Shaving Parlor, which was located in the basement of the Creston National Bank Building. Ten years later, Phillips owned all three barber shops in Creston. Aside from his barbershops, he was also selling baldness cures. When he reached 25, Phillips had already saved $ 75,000 from his sales schemes.
234:, and what proved to be a decades-long boom was just getting underway. Later that year, after Phillips and Gibson made two trips to Bartlesville, Phillips and his younger brother L. E. Phillips organized the Anchor Oil & Gas Company with Gibson's assistance. It had an authorized capital of $ 100,000 and the paid-in capital of $ 15,000.
245:, and the successful well enabled the brothers to raise $ 100,000 through the sale of stock. The Anna Anderson was the first of 80 consecutive producing wells drilled for the brothers' company. The company was considered a pioneer in extracting value from natural gas during a period that considered it as a waste product in oil production.
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On
February 18, 1897, Phillips married Jane Gibson, daughter of the bank president John Gibson, in Creston. Gibson was one of Phillips' customers. An account described how the elder Gibson promised not to get in the way of the pair's wedding if Phillips would give up barbering and join in the banking
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Phillips once said to employees, to whom he was known as "Uncle Frank": "Work hard and demonstrate loyalty, and I'm a great guy to work for. Do neither, and there is no one worse." On another occasion, he said, "I am egotistical. I exercise the 'privilege and prestige of the office.' I'm bombastic,
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In late 1905, Frank and L.E. formed a bank, Citizens Bank and Trust, in
Bartlesville with $ 50,000 capital. They also acquired a rival bank, the Bartlesville National Bank, and consolidating the two under the latter name. The bank later became the First National Bank of Bartlesville. Phillips still
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A few years later, the
Phillips boy began his first occupational endeavor, hiring himself out to area farmers to dig potatoes for 10 cents a day (after completing his chores at home). It is said that Phillips liked the striped pants that barbers wore, particularly the uniform of the local barber so
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where his parents
Lucinda and Lewis Franklin Phillips, the county's first magistrate, had a farm. The family moved in 1874 to a small farm in rural southwest Iowa after a swarm of grasshoppers wrecked havoc on the farming region of Scotia. Frank had ten siblings, including two brothers with whom he
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quickly increasing from 40 cents a barrel to more than $ 1 a barrel, the brothers decided to consolidate their holdings in a single company, Phillips
Petroleum Company. They incorporated on June 13, 1917, under Delaware law. The new company had assets of $ 3 million, 27 employees and leases
42:
241:, the Holland No. 1. The men struck oil on June 23, 1905. The brothers' second and third wells were dry holes, and they had barely enough money left to drill a fourth well, the Anna Anderson Number One. The Anna Anderson, completed September 6, 1905, was a
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The bank's president, John Gibson, had considered
Phillips an up-and-coming entrepreneur for some time. Shortly after Phillips married Jane Gibson, her father asked Phillips to join him in the bond business. Phillips began selling bonds in the
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During a stop in St. Louis en route back to
Creston from Chicago in 1903, Phillips encountered C. B. Larabee, an old friend from Iowa who told him about the oil boom taking place in Oklahoma. He was serving as a
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hard to get along with, an easy touch, a farm boy at heart, and conveniently hard of hearing. I'm just a sentimental old man. I'm tough. and I know it. I'm the boss, and don't let anybody try to question it."
252:. Waite, who preferred to work independently, soon left Lewcinda and formed his own bank and oil company, the Independent Oil & Gas Co. in Tulsa. In 1930 he merged it with Phillips Petroleum.
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business. They had one son, John Gibson
Phillips. Later they adopted two daughters, orphaned sisters whom they named Mary Francis and Sara Jane Phillips, where shortly after his wife died.
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to succeed him. The company had reported record profits of $ 24.1 million the previous year. As
Phillips turned over the presidency to Adams, he became the company's first
291:, a position he held until he retired at the age of 76 in 1949, a year before his death. Jane Phillips, his wife of 50 years, died in 1948. He died while on a vacation in
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wanted to be a big-time banker. In 1916, he and L.E. decided that the boom-bust instability of the oil business was not for them. They made plans to open a bank in
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In 1944, Phillips had given 3,700-acre (15 km) acres of the 17,000-acre (69 km) ranch to the Frank
Phillips Foundation and sold the remainder.
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First person interview conducted on May 5, 2009, with Elliot "Chope" Phillips, nephew of Frank Phillips. Original audio and transcript archived with
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that would be the cornerstone of a chain of banks throughout the Midwest. Before those plans could be carried out, the U.S. became involved in
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165:, who founded the Philmont Scout Ranch in New Mexico, a destination for thousands of Boy Scouts to backpack the mountains.
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140:(November 28, 1873 – August 23, 1950) was an American oilman who with his brother Lee Eldas Phillips co-founded the
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in 1917. Phillips served as the company's president from 1917 to 1939 and as its chairman from 1939 to 1949.
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Telephone conversation with Bob Fraser, CEO of the Frank Phillips Foundation, Dec. 26, 2007.
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Frank Phillips College, a community junior college in Borger, Texas, was named after him.
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Anchor opened an office in Bartlesville in 1905, secured a driller and drilled its first
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on August 23, 1950. He was buried beside his wife in the Phillips Family Mausoleum at
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Also in 1905, Frank and L. E. Phillips formed the Lewcinda Oil Company, with brother
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Frank Phillips led the company as its president until age 65, when in 1939 he named
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he wanted to be one. At age 14, Phillips dropped out of school and persuaded a
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In 2008, the former home of Frank and Jane Phillips was added to Oklahoma's
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later went into business. One notable family member is his younger brother
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Oil Man: The Story of Frank Phillips and the Birth of Phillips Petroleum
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Oil Man: The Story of Frank Phillips and the Birth of Phillips Petroleum
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Oil Man: The Story of Frank Phillips and the Birth of Phillips Petroleum
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Oil Man: The Story of Frank Phillips and the Birth of Phillips Petroleum
406:
Famous Americans: A Directory of Museums, Historic Sites, and Memorials
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522:. St. Claire Shores, Michigan: Somerset Publishers, Inc. p. 214.
669:(2nd ed.). Lanham, MD: Rowman & Littlefield. pp. xxxi.
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485:. Norman, Oklahoma: University of Oklahoma Press. p. 26.
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575:. Norman, OK: University of Oklahoma Press. pp. 33–34.
862:
Voices of Oklahoma interview with Elliot "Chope" Phillips.
604:. "Frank Faucett Phillips." Retrieved November 22, 2102.
460:. Chicago, Illinois: Chicago Review Press. p. 123.
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American Economic History: A Dictionary and Chronology
644:. Norman: University of Oklahoma Press. p. 69.
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Oddball Iowa: A Guide to Some Really Strange Places
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809:"Oklahoma's National Register of Historic Places"
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152:Frank Phillips was born on November 28, 1873, in
431:, 1983, Phillips Petroleum Company, 1983, p. 12.
667:Historical Dictionary of the Petroleum Industry
741:, 1983, Phillips Petroleum Company, Pp 59-61.
729:, 1983, Phillips Petroleum Company, P. 19-20.
692:, 1983, Phillips Petroleum Company, pp. 16-17
351:Olson, James S.; Mendoza, Abraham O. (2015).
8:
706:. Lanham, MD: Scarecrow Press. p. 400.
602:Encyclopedia of Oklahoma History and Culture
881:American businesspeople in the oil industry
408:. Lanham, MD: Scarecrow Press. p. 91.
753:, 1983, Phillips Petroleum Company, P. 59.
630:, 1983, Phillips Petroleum Company, P. 15.
508:, Phillips Petroleum Company, 1983, p. 14.
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445:. Boy Scouts of America, Inc. p. 58.
866:Voices of Oklahoma oral history project.
380:. Norman: University of Oklahoma Press.
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299:, Phillips' ranch and country home in
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318:Frank Phillips was inducted into the
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704:The A to Z of the Petroleum Industry
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327:National Register of Historic Places
772:Phillips Petroleum Company (1983).
702:Vassiliou, Marius S. (2009-09-24).
665:Vassiliou, Marius S. (2018-06-20).
906:People from Bartlesville, Oklahoma
550:. Arcadia Publishing. p. 33.
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18:Frank Phillips (oil industrialist)
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520:Nebraska Biographical Dictionary
27:American businessman (1873–1950)
776:. pp. 1–20, 56, 59–61, 72.
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1:
916:Philanthropists from Oklahoma
355:. Bloomsbury Publishing USA.
303:, southwest of Bartlesville.
886:Businesspeople from Oklahoma
774:Phillips: The First 66 Years
751:Phillips: The First 66 Years
739:Phillips: The First 66 Years
727:Phillips: The First 66 Years
690:Phillips: The First 66 Years
628:Phillips: The First 66 Years
506:Phillips: The First 66 Years
429:Phillips: The First 66 Years
404:Danilov, Victor J. (2013).
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142:Phillips Petroleum Company
107:Phillips Petroleum Company
911:People from Creston, Iowa
546:Osmun, Dianne R. (2011).
293:Atlantic City, New Jersey
226:. The area, which is now
93:Phillips Family Mausoleum
82:Atlantic City, New Jersey
39:
640:Wallis, Michael (2014).
571:Wallis, Michael (2014).
481:Wallis, Michael (2014).
376:Wallis, Michael (2014).
285:Kenneth S. "Boots" Adams
272:throughout Oklahoma and
222:west of Bartlesville in
148:Early life and education
788:"Oklahoma Hall of Fame"
456:Pohlen, Jerome (2005).
177:, to take him on as an
441:Monroe, Keith (1986).
301:Osage County, Oklahoma
228:Osage County, Oklahoma
138:Frank Freeman Phillips
34:Frank Freeman Phillips
891:Petroleum in Oklahoma
518:Onofrio, Jan (1999).
320:Oklahoma Hall of Fame
289:chairman of the board
813:nr2_shpo.okstate.edu
333:Notes and references
185:Marriage and family
610:2014-10-18 at the
96:Woolaroc, Oklahoma
713:978-0-8108-7153-3
676:978-1-5381-1159-8
651:978-0-8061-4697-3
600:Wimberly, Dan B.
582:978-0-8061-4676-8
557:978-1-4396-2563-7
492:978-0-8061-4676-8
415:978-0-8108-9186-9
387:978-0-8061-4696-6
362:979-8-216-04575-5
307:Legacy and honors
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