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In 1984, Pennzoil made an informal but binding contract with Getty Oil to purchase a large portion of Getty Oil to give Pennzoil rights to Getty's oil deposits. [6] Following the deal, the Texaco oil company encroached on the complex merger in an attempt to acquire Getty for itself. [7] Old Pennzoil motor oil can
Getty Oil Company was an American ... after entering into a binding agreement to sell Getty and its 2.3-billion-barrel stockpile of proven oil reserves to Pennzoil, ...
Quaker State is an American brand of motor oils, owned by Shell USA, the US-based division of Shell plc.. The former Quaker State Oil Refining Company had been constituted in 1924 after the Eastern Refining Co. acquired rights to the Quaker State brand name to the Phinny Brothers Oil Company, which had been producing the Quaker lubricants since 1912, gaining reputation in the U.S. after a deal ...
On November 19, 1985, Pennzoil won a US$10.53-billion verdict against Texaco, the largest civil verdict in US history up to that date. 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 ...
In total, 38 firms deemed carbon polluters will be on the hook, including American oil giants Exxon and Chevron, the UK's Shell and BP, and Brazil's Petrobras.
HRG Group, Inc., formerly Harbinger Group Inc. and Zapata Corporation, [3] was a holding company based in Rochester, New York, [4] having originated from an oil company started by a group including future U.S. president George H. W. Bush.
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