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By 1965 Pennzoil marketed its petroleum products worldwide. [1] In 1968, United Gas Corporation was purchased by Pennzoil, [3] through a leveraged buyout, which was necessary because Pennzoil did not have enough assets to buy United outright. During the 1970s, the company moved its offices to the Pennzoil Place in Downtown Houston, Texas. [4]
In January 1963 Pennzoil purchased 76% of the Wolf's Head Oil Refining Company, [9] and by August of that year they owned 99.56% of Wolf's Head common stock. [ 10 ] In 2002 Shell Oil acquired Pennzoil-Quaker State, [ 11 ] and in 2006 Shell Oil sold Amalie Oil Company the rights to the Wolf's Head brand.
In 1991, it became a subsidiary of Pennzoil. [9] Following the merger of Pennzoil and Quaker State in 1998, the 581 Q Lube stores were merged into the Jiffy Lube brand, then possessing 1,541 stores, with overlapping operations being closed down. [9] Pennzoil-Quaker State was ultimately purchased by Shell Oil Company in 2002. [10]
Technically, anything over 20 years old can be coined “vintage.”But when you truly think of items worth this title, your brain doesn’t go to Beanie Babies.
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