AUSTIN, Texas—ConocoPhillips, a global integrated petroleum company headquartered in Houston, has given $1 million to The University of Texas at Austin for scholarships and Latin America initiatives.
Of the total, $300,000 will go to the Spirit Scholars program, which provides scholarships for students in Engineering, Business and Natural Sciences. ConocoPhillips created the Spirit Scholars program to develop and recruit top talent. Eligible students must exhibit a strong interest in a career in the energy industry.
Also part of the gift is $25,000 to the K.B. Hutchison Endowed Chair in Latin American Law. This chair supports the Center for Latin American Law and enables exchanges between university law students and Latin American countries. The funding also supports research and teaching on Latin American legal issues affecting trade and investment.
The remainder of the gift will pay for scholarships, fellowships and special programs in Engineering, Business, Natural Sciences and Law.
“The university’s partnership with ConocoPhillips over the years is an outstanding example of how corporations and academic institutions can join forces to achieve educational excellence,” said Dr. Larry R. Faulkner, president of the university. “We are grateful to ConocoPhillips for this generous gift and we look forward to a future of productive collaboration.”