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Gulf Oil was a major global oil company in operation from 1901 to 1985. [1] The eighth-largest American manufacturing company in 1941 and the ninth largest in 1979, Gulf Oil was one of the Seven Sisters oil companies.
Gulf Oil LP is an American oil company formed when Chevron Corporation acquired the naming rights to the Gulf Oil brand in the United States for $13 billion in 1985. [1] [5]By 2010, convenience store chain Cumberland Farms acquired all rights to the brand from Chevron, making it the sole owner and marketer in the country. [2]
When Gulf bought out its partner, it was renamed again to "GA Technologies Incorporated" in 1982. [7] [6] It was taken over by Chevron following its merger with Gulf Oil in 1984. [citation needed] In 1986, it was sold to a company owned by Neal Blue and Linden Blue. [8] In 1979, Harold Agnew was appointed president and CEO of the company.
Gulf Oil Corporation had begun operating in Canada in 1942, and in 1944 created a subsidiary called Canadian Gulf Oil Company. Gulf started purchasing British American stock in the 1940s, making an initial acquisition of 247,672 shares, and later raising its stake to 2,322,811.
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Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on Houston contracts, eroding the significance of the Cushing, Oklahoma ...
Chevron Nigeria Limited is a subsidiary of Chevron Corporation and it is one of the largest oil producers in Nigeria. It was previously operating in Nigeria under the business name of Gulf Oil Company until merger activities changed its name to Chevron Nigeria. After another merger by the parent company with Texaco, the Nigerian oil and gas ...