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Paramount Petroleum Corporation was headquartered in Paramount, Los Angeles County, California. [1] It operated a refinery at that location, and was the largest seller of asphalt in California. [1] Paramount also operated a refinery near Portland, Oregon, as well as several marketing terminals in the Western United States. [1]
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels and convenience store retailing headquartered in Brentwood, Tennessee. [3] The company has a broad platform consisting of:
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Bluhdorn appointed himself as chief executive officer, chairman, and president of Paramount and promoted Martin S. Davis to chief operating officer and executive vice president. The acquisition of Paramount was a significant move in Gulf and Western's diversification strategy and allowed the company to expand into the entertainment industry.
Shares of Oasis Petroleum are down another 14% in Thursday's pre-market trading after plunging 31.6% yesterday, as the company filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern ...
In 1970, Charter purchased a petroleum operation for $70 million from the Signal Companies. Included in the deal was a small gasoline refinery in Houston, Texas, in need of updating, a string of gas stations in the Southeast and a handful of questionable tanker contracts. Four years later, when the 1973 oil crisis struck, Charter cashed in.