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While the reserves were sold, only some of the refineries changed hands, and Getty continued to exist as a downstream entity. Getty gas stations in the Northeast were sold off as a condition of the buyout. The company became known as Getty Petroleum Marketing Inc. [6] Getty Petroleum Marketing was sold to Lukoil in 2000, and Lukoil sold it to ...
Jean Paul Getty Sr. (/ ˈ ɡ ɛ t i /; December 15, 1892 – June 6, 1976) was an American-born British petroleum industrialist who founded the Getty Oil Company in 1942 and was the patriarch of the Getty family. [1]
George Getty (1855–1930) was a lawyer who became an independent oilman in 1904. He was married with one son, a daughter having died in infancy in a typhoid epidemic in Minneapolis, Minnesota. He lent his son Jean Paul money to invest in oil wells and in 1916, George and Jean Paul incorporated the Getty Oil Company.
Their forebear J. Paul Getty was judged in the 1950s to be the richest man in the U.S., and possibly the world, thanks to a fortune built from oil wells in Oklahoma and Saudi Arabia.
The court case sprang from Texaco having established a signed contract to buy Getty Oil after Pennzoil entered into an unsigned—yet binding—buyout contract with Gordon Getty. [30] In 1987, Texaco filed for bankruptcy. It was the largest in U.S. history until 2001. [31]
Okay, technically 5-7-9 is still around. But not in the way it was when we were kids, when you couldn't even enter a mall without being drawn to the siren call of its funky (by which I mean ...
J. Paul Getty (1892–1976), wealthy American industrialist and founder of Getty Oil; Talitha Getty (born Talitha Dina Pol, 1940–1971), Paul Getty, II's second wife; Gordon Getty (born 1933), son of J. Paul Getty; Ann Getty (1941–2020), wife of Gordon Getty; Paul Getty (1932–2003), son of J. Paul Getty, born Eugene Paul Getty and later ...
A former Getty financial advisor accuses the family of cheating on its taxes by millions of dollars. Column: The Getty oil fortune, a family scandal and an alleged multimillion-dollar tax scam ...