AUSTIN, Texas—ConocoPhillips, an international integrated energy company headquartered in Houston, has given $1 million to The University of Texas at Austin for scholarships and the Kay Bailey Hutchison Endowed Chair in Latin American Law.
Of the total, $300,000 will go to the Spirit Scholars scholarship program for students in engineering, natural sciences and business. The Spirit Scholars program was established by ConocoPhillips to recruit and develop top talent. Students who receive scholarships must show a strong interest in a career in the energy business.
ConocoPhillips also has dedicated $25,000 of the gift to the Kay Bailey Hutchison Endowed Chair in Latin American Law. The Hutchison Chair will promote dialogue and collaboration between the United States and Latin America on matters of trade, investment and law.
The remainder of the gift will go for scholarships, fellowships and special programs in engineering, business, natural sciences and law.
“ConocoPhillips and UT Austin have a longstanding relationship that has been mutually productive and beneficial,” said Dr. Larry R. Faulkner, president of the university. “We are grateful for our thriving alliance and for the corporation’s continued faith in the work we do here. And we are grateful for this generous and well-placed gift.”
John Lowe, ConocoPhillips executive vice president of planning and strategic transactions, said, “We are extremely pleased to partner with UT Austin to develop the energy executives of the future and to promote business relationships with Latin America. Our long-term relationship with The University of Texas is an important part of our recruiting and development program.”