What happened to texaco oil company
Pennzoil is an American oil company founded in Los Angeles, California in 1913. In 1955, it was acquired by South Penn Oil, a former branch of Standard Oil, headquartered in Oil City, Pennsylvania. In 1963, South Penn Oil merged with Zapata Petroleum, and the merged company was named "Pennzoil". Texaco, America’s third-largest oil company, said the outside firm has launched “an extensive independent investigation to determine whether these allegations are true.” Texaco Inc., the oil giant whose 1960s advertising campaign made that slogan a household phrase a generation ago, is about to be bought by rival Chevron Corp. And the name of the new company would be ChevronTexaco Corp. But ChevronTexaco won't own the 12,800 Texaco gasoline stations in the United States, In Texaco Inc. In 1984 Texaco purchased the Getty Oil Company but was sued for contract interference by the Pennzoil Company, whose own imminent acquisition of Getty had been derailed by Texaco’s successful bid. Texaco retained control of Getty, but Pennzoil won punitive damages after a five-year court battle, being awarded the sum… Some 30,000 local residents, including five different Amazonian tribes, began the lawsuit against Texaco in 1993. The plaintiffs say that the oil company knowingly dumped 18bn gallons (68bn litres) The Texaco brand is still a potent icon on the highways of the United States and world. As oil companies struggle with the low price of gas, this is perhaps the perfect time for its parent company to refocus attention on this icon of American history. A downturn is the time to plan for greater things.
In 1984 Texaco purchased the Getty Oil Company but was sued for contract interference by the Pennzoil Company, whose own imminent acquisition of Getty had been derailed by Texaco’s successful bid. Texaco retained control of Getty, but Pennzoil won punitive damages after a five-year court battle, being awarded the sum of $10.5 billion (of which Texaco eventually paid $3 billion).
Gordon Getty and his family inherited a 40% interest in the company when J. Paul Getty died in 1976. In 1984, after entering into a binding agreement to sell Getty and its 2.3-billion-barrel stockpile of proven oil reserves to Pennzoil, Gordon Getty struck a dramatic deal to sell the company to Texaco. Pennzoil is an American oil company founded in Los Angeles, California in 1913. In 1955, it was acquired by South Penn Oil, a former branch of Standard Oil, headquartered in Oil City, Pennsylvania. In 1963, South Penn Oil merged with Zapata Petroleum, and the merged company was named "Pennzoil". Texaco, America’s third-largest oil company, said the outside firm has launched “an extensive independent investigation to determine whether these allegations are true.” Texaco Inc., the oil giant whose 1960s advertising campaign made that slogan a household phrase a generation ago, is about to be bought by rival Chevron Corp. And the name of the new company would be ChevronTexaco Corp. But ChevronTexaco won't own the 12,800 Texaco gasoline stations in the United States,
Apr 30, 2009 In nearly three decades in Ecuador, Texaco built the country's oil industry the American oil company so polluted a swath of northern Ecuador that All this happened in what was once virgin Amazonian jungle, the world's
The Getty Oil - Texaco deal stands as one of the ugliest takeover battles in Wall Street history. Despite that, the result benefited all of Getty Oil's shareholders. Gordon Getty and his family inherited a 40% interest in the company when J. Paul Getty died in 1976. In 1984, after entering into a binding agreement to sell Getty and its 2.3-billion-barrel stockpile of proven oil reserves to Pennzoil, Gordon Getty struck a dramatic deal to sell the company to Texaco. Pennzoil is an American oil company founded in Los Angeles, California in 1913. In 1955, it was acquired by South Penn Oil, a former branch of Standard Oil, headquartered in Oil City, Pennsylvania. In 1963, South Penn Oil merged with Zapata Petroleum, and the merged company was named "Pennzoil". Texaco, America’s third-largest oil company, said the outside firm has launched “an extensive independent investigation to determine whether these allegations are true.” Texaco Inc., the oil giant whose 1960s advertising campaign made that slogan a household phrase a generation ago, is about to be bought by rival Chevron Corp. And the name of the new company would be ChevronTexaco Corp. But ChevronTexaco won't own the 12,800 Texaco gasoline stations in the United States, In Texaco Inc. In 1984 Texaco purchased the Getty Oil Company but was sued for contract interference by the Pennzoil Company, whose own imminent acquisition of Getty had been derailed by Texaco’s successful bid. Texaco retained control of Getty, but Pennzoil won punitive damages after a five-year court battle, being awarded the sum… Some 30,000 local residents, including five different Amazonian tribes, began the lawsuit against Texaco in 1993. The plaintiffs say that the oil company knowingly dumped 18bn gallons (68bn litres)
In Texaco Inc. In 1984 Texaco purchased the Getty Oil Company but was sued for contract interference by the Pennzoil Company, whose own imminent acquisition of Getty had been derailed by Texaco’s successful bid. Texaco retained control of Getty, but Pennzoil won punitive damages after a five-year court battle, being awarded the sum…
Chevron Corp. and Texaco Inc. merged yesterday to create the world's fourth-largest investor-owned oil company, known as ChevronTexaco. The deal, valued at $45 billion, was approved by shareholders of the two companies at separate meetings in Houston. The Getty Oil - Texaco deal stands as one of the ugliest takeover battles in Wall Street history. Despite that, the result benefited all of Getty Oil's shareholders. Gordon Getty and his family inherited a 40% interest in the company when J. Paul Getty died in 1976. In 1984, after entering into a binding agreement to sell Getty and its 2.3-billion-barrel stockpile of proven oil reserves to Pennzoil, Gordon Getty struck a dramatic deal to sell the company to Texaco.
Beautifully engraved certificate from the Texaco Oil Company issued from 1974 - 1978. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of oil derricks, factories, and a seaport with a ship next to the dock. This item has
Nov 8, 2000 When Texaco agreed to be acquired by Chevron earlier this month, the deal But that star, made famous in the oil company's old advertising jingle, had Schwartz, though, thinks a culture clash probably won't happen. Oct 23, 2000 Chevron Corp. early last week confirmed widely rumored speculation that it and fellow US oil company Texaco Inc. have agreed to a merger Vacuum Oil Company's products used a gargoyle prior to adopting the winged horse of mythology. The flying red horses began their journey in 1911, when a Nov 30, 2003 Oil company officials deny the charges, saying the operations had minimal impact. "I wouldn't say Texaco was sorry to see this happen. I'd be Somehow, no one at Texaco happened to read the Wall Street Journal on In 25 years Liedtke turned Pennzoil into the twentieth-largest oil company in the Jul 27, 2012 Some of the world's most promising oil and gas deposits lie deep in tropical Texaco sold its operations to Ecuador's state oil company
Beautifully engraved certificate from the Texaco Oil Company issued from 1974 - 1978. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of oil derricks, factories, and a seaport with a ship next to the dock. This item has In Texaco Inc. In 1984 Texaco purchased the Getty Oil Company but was sued for contract interference by the Pennzoil Company, whose own imminent acquisition of Getty had been derailed by Texaco’s successful bid. Texaco retained control of Getty, but Pennzoil won punitive damages after a five-year court battle, being awarded the sum…