Stabilized polypropylene synthesis is carried out using supported titanium catalyst system in presence of phenols. The effect of phenolic compounds such as 2,2′-methylenebis(4-tert-butyl-6-methylphenol) (PH1) and 4,4′-methylenebis(2,6-di-tert-butylphenol) (PH2) is studied on the productivity and stereospecificity of catalyst system as well as on molecular weight characteristics. The extent of stabilization of PP resin by phenolic compounds for oxidative degradation is determined by measurement of oxygen induction time. Molecular weight and b color change are also investigated before and after thermal aging. The catalyst productivity was found to be unaffected by the concentration of phenolic compounds in the studied range. The thermal stability of the polymer resin is, however, found to be dependent on the nature of phenolic compound. The masked PH1 phenolic compound showed better antioxidant characteristic as compared to PH2.