For Immediate Release Contact:
John Varrasi 212-705-8158 [email protected]
PHILLIPS PETROLEUM CONTRIBUTES GIFT TO ENGINEERING GROUP
New York, July 3, 1997 -- The scientists and engineers of Phillips Petroleum Company help to produce 219,000 barrels of oil and more than 1,500 billion cubic feet of natural gas each day.
They also create useful petrochemical products and hold 2,072 active patents in the United States and 2,194 active patents in 51 other countries.
Perhaps more than any other group of employees, Phillips' scientists and engineers have enabled the company to operate safely and use technology to create new business opportunities -- two stated corporate objectives. They have also contributed to the company's international growth, record earnings and strong overall financial position.
So when chairman and chief executive officer Wayne Allen announced the pledge of $150,000 to a foundation operated by ASME International (American Society of Mechanical Engineers), he was recognizing the significance of technical personnel to Phillips, and at the same time helping to ensure the health of the mechanical engineering profession today and in the future.
"Phillips' ability to compete is dependent on technology, and engineers are the ones who make technology work for all of us," said Allen.
Phillips, an 80-year-old company, employs 17,200 people worldwide, including more than 3,000 at its headquarters in Bartlesville, Okla.
Phillips is one of several industrial firms that have stepped up to contribute money to the ASME World Class...By Design fund-raising campaign. To date, more than $2.8 million has been pledged. The money enables ASME to develop continuing education programs for practicing engineers, arrange the participation of engineers in the nation's public policy process and promote math and science learning among students, particularly at the middle-school level.
Regarding ASME's desire to increase math and science literacy and steer young people to careers in engineering, Allen said, "I feel strongly about the education of our youth; they are the problem solvers of tomorrow."
ASME, with 125,000 members around the world, is focused on technical, educational and research issues. It conducts one of the world's largest technical publishing operations, holds some 30 technical conferences and 200 professional development courses each year and sets internationally recognized industrial and manufacturing standards.
RSS