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1877
- Operations were later expanded to include Denver and San Francisco, and in 1877 the company was reincorporated in California.
www.company-histories.com › ConocoPhillips-Company-History
One of the several successors of Standard Oil, Conoco was a subsidiary of that company from 1884 until its 1911 divestiture when the U.S. Supreme Court ruled to decouple the monopolized entity. Alongside Phillips 66 and 76, it operates as one of the major fuel brands of the Phillips 66 Company. [3]
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In 1960, it had tried to break into the California market by acquiring 15 percent of Union Oil Company of California, but litigation by Union Oil and the Justice Department prevented Phillips from pursuing a takeover; in 1963 Phillips sold its stake to shipping magnate Daniel K. Ludwig.
In 1885, Conoco was reincorporated as part of Standard Oil. After the Supreme Court of the United States dissolved Standard Oil, Conoco became independent in 1913. By 1929, it had become a fully integrated oil company. [9] The company was a coal, oil, kerosene, grease and candles distributor in the West.
1883. First Pipeline in California. Blake directs the construction of the first pipeline in California, from a railroad station in Pico to Ventura, where the oil is loaded onto steamers sailing to the Golden Gate Bridge area for distribution.
Jun 24, 2024 · In its early years its chief operations were marketing oil and related products, primarily in the Rocky Mountain area and in California. In 1913, two years after the U.S. Supreme Court dissolved the Standard Oil combine, the company was again independently incorporated.
Operations were later expanded to include Denver and San Francisco, and in 1877 the company was reincorporated in California. Blake's pioneering use of railroad tank cars to transport oil contributed to CO&T's quick success. By the early 1880s, CO&T was sending modest shipments to Mexico, Canada, the Hawaiian islands, the Samoan islands, and Japan.
Nov 19, 2001 · The dramatic pace of consolidation in the oil and gas industry continued Sunday when Phillips Petroleum Co. and Conoco Inc. announced a $15.2-billion all-stock merger that would create the...
