| Business Summary | | Phillips
Petroleum
Company,
founded
in
1917,
is
a
fully
integrated
petroleum
company.
Phillips
is
engaged
in
exploration
and
production
on
a
worldwide
scale;
gathering,
processing
and
marketing
natural
gas
in
North
America
through
equity
interest
in
Duke
Energy
Field
Services;
refining,
marketing
and
transporting
petroleum
and
petroleum
products
in
the
United
States;
producing
and
distributing
chemicals
and
plastics
worldwide
through
equity
interest
in
Chevron
Phillips
Chemical
Company;
and
developing
technology
for
its
own
use,
as
well
as
for
licensing
worldwide. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | P
operates
in
four
segments:
explores
and
produces
crude
oil,
natural
gas
and
liquids;
gathers,
processes
and
markets
natural
gas
produced
by
others;
refines
and
transports
petroleum
products;
and
manufactures
petroleum-based
chemical
products.
For
the
six
months
ended
6/30/01,
revenues
fell
3%
to
$9.90
billion.
Net
income
rose
60%
to
$1.11
billion.
Revenues
reflect
a
decline
in
gas
production
due
to
the
sale
of
Canadian
properties.
Net
income
reflects
increased
profit
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| J. Mulva, 53 Chairman,
CEO | $2.5M | -- | Tom O'Malley Vice Chairman | -- | -- | John Carrig, 49 CFO,
Sr. VP, Treasurer | -- | -- | J. Bryan Whitworth, 62 Exec.
VP, Gen. Counsel, CAO | -- | -- | K. Hedrick, 47 Exec.
VP | 1.1M | $154K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|