Phillips 66 to contribute $250,000 to new Greenwood Rising history center in Tulsa, Oklahoma

Rhea-AI Summary

Phillips 66 (NYSE: PSX) announced a $250,000 contribution to Greenwood Rising, a center in Tulsa’s Greenwood District dedicated to honoring the victims of the 1921 Tulsa Race Massacre. This center aims to educate the public about the massacre and celebrate the resilience of the Black community in Tulsa. The dedication will occur on June 2, marking nearly 100 years since the tragic event. The funding will support educational programming, field trips for local schools, and the creation of educational materials to ensure the lessons of history are preserved and taught.

Positive

• Contribution of $250,000 to Greenwood Rising enhances community engagement.
• Support for educational programs promotes awareness of historical events.

Negative

• None.

Phillips 66 (NYSE: PSX) today announced it is contributing $250,000 to Greenwood Rising, a new center in Tulsa’s historic Greenwood District that honors the victims and survivors of the Tulsa Race Massacre of 1921 and the legacy of the city’s Black Wall Street.

The center is being dedicated June 2, nearly 100 years to the day after one of the worst acts of racial violence in U.S. history left hundreds of Black residents dead and much of the Greenwood District, then a thriving neighborhood known as Black Wall Street, in ashes.

“Greenwood Rising will be a place where Tulsans and people from all over the world can come together to learn about the 1921 Tulsa Race Massacre, honor the victims and survivors, and celebrate the community’s rich heritage and resilience,” said Sonya Reed, Senior Vice President of Human Resources and Corporate Communications for Phillips 66. “Phillips 66 is proud to support this important effort.”

The Phillips 66 contribution will fund educational programming at Greenwood Rising, a nonprofit and legacy project of the 1921 Tulsa Race Massacre Centennial Commission that aims to draw upon lessons from the past to inspire meaningful and sustainable change. It will support field trips for local area public schools, volunteerism and the creation of educational material.

“It is important that we maintain the momentum of 1921 Tulsa Race Massacre education beyond the centennial year,” said Phil Armstrong, Project Director for the 1921 Tulsa Race Massacre Centennial Commission and Interim Director of Greenwood Rising. “We are grateful to Phillips 66, which is committing support to ensure that the tragedy of the massacre and resilience of Greenwood are never forgotten.”

About Phillips 66

Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,200 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of March 31, 2021. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.

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FAQ

What is Phillips 66's recent contribution related to?

Phillips 66 is contributing $250,000 to Greenwood Rising, a center honoring the victims of the 1921 Tulsa Race Massacre.

When is the dedication of Greenwood Rising taking place?

The dedication of Greenwood Rising is planned for June 2, nearly 100 years after the Tulsa Race Massacre.

How will the funds from Phillips 66 be utilized?

The funds will support educational programming, field trips for local schools, and creation of educational materials.

What is the significance of Greenwood Rising?

Greenwood Rising aims to educate about the 1921 Tulsa Race Massacre and celebrate the resilience of the Black community.

What is the ticker symbol for Phillips 66?

The ticker symbol for Phillips 66 is PSX.