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Pennzoil is an American motor oil brand currently owned by Shell plc. ... Though not much emphasis was ever placed on gasoline by the company, Pennzoil did sell it. [14]
Pennsylvania, Ohio and West Virginia engaged in a tax competition for the plant. In 2012, Pennsylvania structured a deal requiring Shell to invest at least $1 billion in Pennsylvania and create at least 2,500 construction jobs in exchange for a 25-year tax incentive of $66 million per year and tied to production, reducing Shell's tax by up to 20 per cent.
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]
Oil prices bounced around quite a bit in 2024. They rallied more than 20% at one point -- topping $85 per barrel -- before cooling off toward the end of the year. Oil was recently below $70 a ...
For example, an $80 pair of jeans would cost $10-$16 more, while the cost of a $100 coat could increase by up to $21. According to the PIIE report, the cost burden is expected to be felt ...
On November 19, 1985, in the case of Texaco, Inc. v. Pennzoil, Co., Pennzoil won a US$10.53 billion verdict against Texaco in the largest civil verdict in U.S. history as a result of the violation of the binding agreement. [5]
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