EXHIBIT 23.01

                          CONSENT OF ERNST & YOUNG LLP

  We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Form S-4) and related joint proxy statement/prospectus
of Phillips Petroleum Company for the registration of shares of its common
stock and to the incorporation by reference therein of our report dated March
22, 2000, with respect to the consolidated financial statements and schedule of
Phillips Petroleum Company included in its Annual Report (Form 10-K) for the
year ended December 31, 1999, filed with the Securities and Exchange
Commission.

February   , 2001
Tulsa, Oklahoma