ConocoPhillips Donates $6 Million

Thursday, March 15th 2007, 11:38 am
By: News On 6

NORMAN, Okla. (AP) -- Houston-based ConocoPhillips is donating $6 million to the University of Oklahoma's School of Geology and Geophysics. OU President David Boren says the money will be used for scholarships, fellowships, to create a visiting professor position and to renovate and upgrade the school's building.

Boren says the gift "continues a long history of support for education by ConocoPhillips." He says OU's first private donors included Oklahoma oilmen Frank Phillips and E.W. Marland. They founded companies that coalesced into ConocoPhillips.

Boren also says he'll recommend the OU Board of Regents rename the school the ConocoPhillips School of Geology and Geophysics.

The company has now given $33 million in total gifts and pledges to the university.