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In January 1963 Pennzoil purchased 76% of the Wolf's Head Oil Refining Company, [9] and by August of that year they owned 99.56% of Wolf's Head common stock. [ 10 ] In 2002 Shell Oil acquired Pennzoil-Quaker State, [ 11 ] and in 2006 Shell Oil sold Amalie Oil Company the rights to the Wolf's Head brand.
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
A typical modern application would be Honda motor's use of 5W-20 (and in their newest vehicles, 0W-20) viscosity oil for 12,000 kilometres (7,500 mi). Engine designs are evolving to allow the use of even lower-viscosity oils without the risk of excessive metal-to-metal abrasion, principally in the cam and valve mechanism areas.
In the 1960s the Liedtke brothers acquired control of the South Penn Oil Company and merged it with Zapata to form a new company they called Pennzoil. [5] In the 1980s, during his time as CEO of Pennzoil, he led the company to a court victory over Texaco .
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 ...
The first Lowe's store, Mr. L.S. Lowe's North Wilkesboro Hardware, opened in North Wilkesboro, North Carolina, in 1921 by Lucius Smith Lowe. [8] After Lowe died in 1940, the business was inherited by his daughter, Ruth Buchan, who sold the company to her brother, James Lowe, for $4,200, [ 9 ] that same year.
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