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The decision to sell the company was made in response to a takeover attempt by Boone Pickens, Jr., the chief executive officer of Mesa Petroleum Company. Boone Pickens had a long string of successes in targeting undervalued oil companies, beginning in 1969.
Gulf Oil Corporation (GOC) ceased to exist as an independent company in 1985, when it merged with Standard Oil of California (SOCAL), with both re-branding as Chevron in the United States.
Mar 10, 1984 · On Wall Street, the $13.2 billion takeover of the Gulf Corporation - the largest in corporate history - is described as the merger that should not have happened. And a decade ago, Wall Street...
Apr 1, 2016 · After nearly four decades of climbing through the ranks of Gulf Oil Corp., James E. Lee reached the top in the early 1980s—just in time for a takeover battle with T. Boone Pickens. Mr. Lee...
Oct 16, 2015 · The billionaire oilman made his fortune in the 1980s as a buyout artist and raider, jostling the industry when he set his sights on companies like Gulf Oil and Unocal.
Jan 4, 1976 · The giant oil company, founded by the wealthy and influential Mellon family of Pittsburgh which still controls about 20 percent of it3 stock, is clearly not accustomed to such public agonies.
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Nov 11, 1984 · Congress has ended the debate over royalty trusts by changing the tax laws to eliminate one of the principal advantages of the concept: avoidance of the taxation of both oil company profits and...
