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Cedar Bayou plant opened in 1963 as Gulf Oil and was sold to Chevron Corp. in 1985. [2] In 2000, Chevron Corp. and Phillips 66 merged their chemical businesses to form Chevron Phillips Chemical Company. [3] Cedar Bayou plant employs approximately 800 employees and 1,200 nested contractors.
The current operator of the Kern River Field is Chevron, who has gradually acquired the field through buyout and merger with the various other operators, including Tidewater, one of the original developers of the enhanced production technologies that revived the field in the 1960s; Getty Oil; and Texaco. [citation needed]
Gulf Oil Limited Partnership (GOLP), based in Framingham, Massachusetts, has bought a license for North American rights to the Gulf brand from Chevron. Chevron still owned the Gulf brand, but was making almost no direct use of it. In January 2010, GOLP bought the entire brand from Chevron and began a nationwide expansion campaign.
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas.The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is active in more than 180 countries.
Gulf Oil LP is an American oil company formed when Chevron Corporation acquired the naming rights to the Gulf Oil brand in the United States for $13 billion in 1985. [1] [5]By 2010, convenience store chain Cumberland Farms acquired all rights to the brand from Chevron, making it the sole owner and marketer in the country. [2]
While only the 18th-largest oil field in California in size, in total remaining reserves it ranks sixth, with the equivalent of over 110 million barrels (17,000,000 m 3) producible reserves still in the ground, according to the California Division of Oil, Gas and Geothermal Resources (Chevron Corp., the principal operator, estimates considerably more oil in the ground).
Chevron Phillips Chemical (CPChem) is a petrochemical company jointly owned by Chevron Corporation and Phillips 66.The company was formed July 1, 2000, by merging the chemicals operations of both Chevron Corporation and Phillips Petroleum Company.
Unocal, the original owner and creator of the 76 brand, merged with Chevron Corporation in 2005. History. 76 station in Southern California, c. 1950s.