HOW THE 5 BIG OIL COMPANIES GOT SO BIG:

1/19/2009

compiled by Rex Frankel

British Petroleum (major brand name in USA is ARCO):

competitors bought out:

1969-Sinclair oil

1968-SOHIO merged with BP, BP took full ownership in 1987.

1988-Britoil

1988-Dome of Canada-bought by Amoco

1998-Union Texas Petroleum

1998-Amoco (Standard of Indiana

1999-Arco

2000-Burmah-Castrol

Gulf stations in 8 SE USA states,

also has joint refining and marketing venture with Mobil in Europe.

Chevron-Texaco:

Bought During the Bush Years: Texaco, Unocal

competitors bought out:

1984-Gulf Oil bought by Chevron,

1984-Getty Oil –bought by Texaco, causing a disastrous lawsuit for Texaco filed by Pennzoil

1997-Monterey Resources--(was originally spun-off by Santa Fe Energy in ‘96),

2001-Texaco

2005-Unocal

Dynegy-owns electrical power plants-26.5%,

Conoco-Phillips:

Conoco was formerly owned by DuPont Chemical co., bought in 1981 and spun off in 1998

Bought During the Bush Years: Phillips Petroleum

competitors bought out:

2001--Phillips bought Tosco (The Oil and Shale Corporation), which had bought western US division of Unocal and 76 stations in 1997; Tosco owned Circle-K stores and gas stations-which they bought in 1996, then sold in 2003 to Alimentation Couche-Tard of France.

2001-Gulf Canada Resource

2002-Phillips 66-merged with Conoco,

2006-Burlington Resources—was formerly oil division of Burlington Northern Railroad co.

BP stations in N. Calif.,

Alaska oil fields formerly owned by Arco,

Exxon-Mobil

competitors bought out:

1987-Celeron pipelines-from Goodyear Tire co.,

1989-Texaco Canada

1999-Exxon merged with Mobil Oil

Imperial/Esso in Canada,

joint venture in Calif. Oil fields with Shell, called Aera Energy

Royal-Dutch Shell:

Bought During the Bush Years: Pennzoil

competitors bought out:

1979-Belridge Oil

2001-Texaco’s refining and marketing division in USA

2002-Pennzoil/Jiffy Lube/Quaker State/Slick-50

European joint refining and marketing venture with Texaco.