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The Gulf Oil Corporation itself was formed in 1907 through the amalgamation of a number of oil businesses, principally the J.M. Guffey Petroleum Company, Gulf Pipeline Company, and Gulf Refining companies of Texas. [6] [7] [8] The name of the company refers to the Gulf of Mexico where Beaumont lies.
May 21, 2024 · 1907 - 1984. Ticker: CVX. Share price: $159.97 (mkt close, May. 21, 2024) Market cap: $297.63 bil. Annual revenue: $194.65 bil. Earnings per share (prev. year): $12.51. Sector: Energy & Transportation. Industry: Oil. CEO: Michael K. Wirth. Gulf Oil Corporation, former American petroleum company; it was acquired by Chevron Corporation in 1984.
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Nov 20, 2020 · The Gulf Oil Corporation then built a 400-mile pipe line from Port Arthur to the Glenn Pool field in Oklahoma, which had been discovered in 1906, and began refining Oklahoma crude in September 1907. A subsidiary, the Gypsy Oil Company, was organized under Frank A. Leovy to handle production operations in Oklahoma.
About the Gulf Oil Corporation. The Gulf Oil Corporation began as a joint-business venture between the J.M Guffey Petroleum Company and the Gulf Refining Company in Texas in 1901. That year, former Austrian Navy officer Anthony F. Lucas successfully established an oil well south of Beaumont, Texas which became known as Spindletop.
An icon since 1901. Since Gulf’s founding, we have modernized our brand. and evolved alongside the industry. But through it all, we never wavered in our commitment to safety, customer service, quality fuels, and strengthening the. communities in which we operate.
In 1975 it was one of the biggest oil refineries in the country – the Gulf Oil Co. refinery and tank farm in Philadelphia, Pennsylvania. Originally built in 1904 and located near the juncture of the Delaware and Schuylkill rivers, the Philadelphia refinery soon sprawled over more than 700 acres on the outskirts of the city.
Our terminals segment is comprised of a network of 17 refined product terminals strategically located across the PADD I Northeast corridor of the United States. Combined, our terminals represent over 240 tanks with a total storage capacity of nearly 14 million barrels.
