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Texas Company Building at 1111 Rusk St. in Houston. The company moved to larger facilities in 1989 "The Texas Company" Galveston station, c. 1910-20. Texaco was founded in Beaumont, Texas as the "Texas Fuel Company" in 1902, [6] by Jim Hogg, Joseph S. Cullinan, John Warne Gates, and Arnold Schlaet.
In 1955, South Penn Oil acquired complete ownership of Pennzoil Co. [1] In 1963, South Penn Oil merged with Zapata Petroleum and Stetco Petroleum to form a new "Pennzoil Company", headquartered in Houston and appointing Hugh Liedtke as president. By 1965 Pennzoil marketed its petroleum products worldwide. [1]
In 1979, Shell purchased Belridge Oil Company for $3.65 billion, which at the time was called the "biggest cash takeover in American history" by US government sources. [4] In 1997, Shell and Texaco entered into two refining/marketing joint ventures. One combined their Midwestern and Western operations and was known as Equilon.
The operations in the western and midwestern United States were merged into a company called "Equilon". The Star Enterprises operation and Shell's eastern and southeastern operations were merged into a company called "Motiva". [8] After Texaco merged with Chevron in 2001, Shell and Saudi Refining purchased Texaco's interests in the joint ...
The Motiva refinery is an oil refinery located in Port Arthur, Texas. It is the third largest oil refinery in the United States. The first processing units of the Port Arthur Refinery were constructed in 1902 by the Texas Company, later Texaco. The roots of this refinery can be traced to the Spindletop oil boom near Beaumont, Texas. It came ...
First introduced in 1904, the Havoline motor oil brand was named by Havemeyer Oil Company of New York. In 1906 the Havoline Oil Company separated from the Havemeyer Oil Company. In May 1909, It was bought by the Indian Refining Company, and registered as an official product of the company but kept the logo. By 1910, the Indian Refining Company ...
By 2001, the Ovonics technology was owned by the oil company Chevron. In October 2000, oil company Texaco announced the purchase of General Motors' share in GM Ovonics. [14] [15] [16] Texaco was itself acquired by rival Chevron, which was announced a few days later (and completed a year later). [17] [18]
The refinery was commissioned in 1956 and Getty Oil operated it up until 1984, when Texaco bought Getty. In 1988, Star Enterprises, a company started when Saudi Aramco bought half interest, took over the refinery until 1998, when Motiva Enterprises, a joint venture between Star (Saudi Aramco) and Shell, operated it. [3]