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In a merger completed February 1, 2000, Illinova Corp. became a wholly owned subsidiary of Dynegy Inc. and Chevron's stake increased up to 28%. [39] However, in May 2007, Chevron sold its stake in the company for approximately $985 million, resulting in a gain of $680 million. [40] [41]
ExxonMobil is mostly composed of the Standard Oil Company of New Jersey (Jersey Standard) and the Standard Oil Company of New York (Socony). The two companies partnered on a semi-frequent basis during their infancy before pursuing mergers and acquisitions, with Jersey Standard buying Texas-based Humble Oil and Socony merging with Standard descendant Vacuum Oil to form Socony-Vacuum. [3]
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]
For the second time this month, the oil and gas industry has witnessed a major merger between two leading companies — this one involving Chevron’s proposed buyout of Hess for $53 billion. That ...
Indian Oil Co. (1931–1943) Website. texaco.com. Texaco, Inc. ("The Texa s Co mpany") is an American oil brand owned and operated by Chevron Corporation. [5] Its flagship product is its fuel "Texaco with Techron ". It also owned the Havoline motor oil brand. Texaco was an independent company until its refining operations merged into Chevron in ...
HOUSTON (Reuters) -Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the way for the No. 2 U.S. oil company to gain a prize asset and a foothold in ...
The Federal Trade Commission is investigating Chevron's acquisition of Hess oil company, the second inquiry the independent agency has opened this week of a major oil industry merger. Chevron and ...
Gulf Oil. Gulf Oil was a major global oil company in operation from 1901 to 1985. [1] The eighth-largest American manufacturing company in 1941 and the ninth largest in 1979, Gulf Oil was one of the Seven Sisters oil companies. Prior to its merger with Standard Oil of California, Gulf was one of the chief instruments of the Mellon family ...
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