<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
applicable 1997 interim financial statements of Phillips Petroleum Company,
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000,000
       
<S>                                        <C>                     <C>                     <C>
<PERIOD-TYPE>                              3-MOS                   6-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1997             DEC-31-1997
<PERIOD-END>                               MAR-31-1997             JUN-30-1997             SEP-30-1997
<CASH>                                             861                     774                     899
<SECURITIES>                                         0                       0                       0
<RECEIVABLES>                                    1,752                   1,782                   1,800
<ALLOWANCES>                                        19                      20                      20
<INVENTORY>                                        452                     521                     565
<CURRENT-ASSETS>                                 3,290                   3,390                   3,486
<PP&E>                                          20,278                  20,316                  20,839
<DEPRECIATION>                                  11,046                  11,037                  11,291
<TOTAL-ASSETS>                                  13,657                  13,823                  14,216
<CURRENT-LIABILITIES>                            2,732                   2,591                   2,823
<BONDS>                                          2,555                   2,507                   2,507
<PREFERRED-MANDATORY>                              650                     650                     650
<PREFERRED>                                          0                       0                       0
<COMMON>                                           663                     649                     689
<OTHER-SE>                                       3,727                   3,937                   4,032
<TOTAL-LIABILITY-AND-EQUITY>                    13,657                  13,823                  14,216
<SALES>                                          3,944                   7,653                  11,497
<TOTAL-REVENUES>                                 3,994                   7,757                  11,652
<CGS>                                            3,192<F1>               6,222<F1>               9,349<F1>
<TOTAL-COSTS>                                    3,266<F2>               6,358<F2>               9,550<F2>
<OTHER-EXPENSES>                                    20<F3>                  41<F3>                  62<F3>
<LOSS-PROVISION>                                     0                       0                       0
<INTEREST-EXPENSE>                                  54                     103                     153
<INCOME-PRETAX>                                    493                   1,035                   1,501
<INCOME-TAX>                                       266                     501                     751
<INCOME-CONTINUING>                                227                     534                     750
<DISCONTINUED>                                       0                       0                       0
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                       227                     534                     750
<EPS-PRIMARY>                                      .86                    2.03                    2.85
<EPS-DILUTED>                                      .86                    2.01<F4>                2.82<F4> <FN>
<F1> Purchased crude oil and products + Production and operating expenses +
     Exploration expenses + Depreciation, depletion and amortization.
<F2> CGS + Taxes other than income taxes.
<F3> Preferred dividend requirements of subsidiary and capital trusts.
<F4> Restated to reflect the adoption of Financial Accounting Standards Board
     Statement No. 128, "Earnings per Share."
</FN>
        


</TABLE>