Catalogue information

LastDodo number
8161337
Area
Stickers
Title
Pennzoil
Publisher
Subject
Country
Language
Kind of sticker
Collection / set
Number in collection
Year
Dimensions
22 x 5 cm
Details
Pennzoil is an American oil company founded in Los Angeles, California in 1913. In 1955, it was acquired by South Penn Oil (a company started by Michael Late Benedum and Joe Trees)[1] , a former branch of Standard Oil, headquartered in Oil City, Pennsylvania. In 1963, South Penn Oil merged with Zapata Petroleum, and the merged company was named "Pennzoil". In 1968, a United Gas Corporation was purchased by Pennzoil,[2] through a "leveraged buyout", which was necessary as United was larger than Pennzoil. During the 1970s, the company moved its offices to Pennzoil Place in Downtown Houston, Texas.[3] In 1977 a spin-off company was formed called POGO, an acronym for Pennzoil Offshore Gas Operators.[4] In 1999 Pennzoil's E&P business (known as PennzEnergy) was acquired by Oklahoma City-based Devon Energy and the business now known as the Pennzoil-Quaker State Company was purchased by Royal Dutch/Shell Group to form SOPUS—Shell Oil Products US.