Pacific Western Oil Corporation was a holding company for the stock of the Pacific Western Oil Company.
In 1928, Pacific Western Oil was founded to acquire the oil producing properties and undeveloped oil properties in California of Petroleum Securities Company. The sole stockholders of Petroleum Securities were Edward L. Doheny and his family. Jacques Vinmont was the first chairman of the board and William C. McDuffie was president. [1] The remaining initial Board of Directors were Earle Bailie, James R. Simpson, Lloyd Gilmour, Charles R. Blyth, Edward Nolan, George L. Eastman, and David P. Babcock. [2] Pacific Western paid the Dohenys $25,000,000, which was said at the time to be the largest cash transfer in the West. [3]
J. Paul Getty was elected to the board in 1930 after he obtained a large number of shares. By the next year Getty had obtained a controlling share of stock of Pacific Western Oil. [4] After this the board was expanded from nine to ten members. H. Paul Grimm was elected the new president of the board. Emil Kluth, H.M. Macomber, Fero Williams, and E.H. Parkford were also elected to the board. [5]
The company was awarded the Saudi Arabian Neutral Zone concession in 1948–49. [6] In 1956, the company became part of Getty Oil. [7]
Jean Paul Getty Sr. was an American-born British petroleum industrialist who founded the Getty Oil Company in 1942 and was the patriarch of the Getty family. A native of Minneapolis, he was the son of pioneer oilman George Getty. In 1957, Fortune magazine named him the wealthiest living American, while the 1966 Guinness Book of Records declared him the world's wealthiest private citizen, worth an estimated $1.2 billion. At the time of his death, he was worth more than $6 billion. A book published in 1996 ranked him as the 67th wealthiest American who ever lived
Mount Saint Mary's University, Los Angeles is a private, Catholic university primarily for women, in Los Angeles, California. Women make up ninety percent of the student body.
Getty Oil Company was an American oil marketing company with its origins as part of the large integrated oil company founded by J. Paul Getty.
The J. Paul Getty Trust is the world's wealthiest art institution, with an estimated endowment of US$7.7 billion in 2020. Based in Los Angeles, California, it operates the J. Paul Getty Museum, which has two locations—the Getty Center in the Brentwood neighborhood of Los Angeles and the Getty Villa in the Pacific Palisades neighborhood of Los Angeles. Its other programs are the Getty Foundation, the Getty Research Institute, and the Getty Conservation Institute.
The Phillips 66 Company is an American multinational energy company headquartered in Westchase, Houston, Texas. Its name, dating back to 1927 as a trademark of the Phillips Petroleum Company, helped ground the newly reconfigured Phillips 66. The company today was formed ten years after Phillips merged with Conoco to form ConocoPhillips. The merged company spun off its refining, chemical, and retail assets into a new company bearing the Phillips name. It began trading on the New York Stock Exchange on May 1, 2012, under the ticker PSX.
Edward Laurence Doheny was an American oil tycoon who, in 1892, drilled the first successful oil well in the Los Angeles City Oil Field. His success set off a petroleum boom in Southern California, and made him a fortune when, in 1902, he sold his properties.
Pennzoil is an American motor oil brand currently owned by Shell plc. The former Pennzoil Company had been established in 1913 in Pennsylvania, being active in business as an independent firm until it was acquired by Shell in 2002, becoming a brand of the conglomerate.
Oil! is a novel by Upton Sinclair, first published in 1926–27 and told as a third-person narrative, with only the opening pages written in the first person. The book was written in the context of the Harding administration's Teapot Dome Scandal and takes place in Southern California. It is a social and political satire skewering the human foibles of all its characters.
Isaias Wolf Hellman was a Kingdom of Bavaria-born American banker and philanthropist, and a founding father of the University of Southern California.
St. John's Seminary is a Private Catholic graduate seminary in Camarillo, California.
Associated Oil Company was an American oil and gas company once headquartered in San Francisco, California and served much of the Pacific West Coast, including Hawaii, as well as the Orient and merged with the Tidewater Oil Company in 1938.
Thomas Arthur O'Donnell, was an American pioneer in the California oil industry along with Edward L. Doheny, Charles A. Canfield and Max H. Whittier who became known as the "big four."
The Los Angeles City Oil Field is a large oil field north of Downtown Los Angeles. Long and narrow, it extends from immediately south of Dodger Stadium west to Vermont Avenue, encompassing an area of about four miles long by a quarter-mile across. Its former productive area amounts to 780 acres (3.2 km2).
The story of oil production in California began in the late 19th century. In 1903, California became the leading oil-producing state in the US, and traded the number one position back-and forth with Oklahoma through the year 1930. As of 2022, California produced 3% of the crude oil of the nation, behind Texas, New Mexico, North Dakota, Alaska, Colorado, and Oklahoma. In the past century, California's oil industry grew to become the state's number one GDP export and one of the most profitable industries in the region. The history of oil in the state of California, however, dates back much earlier than the 19th century. For thousands of years prior to European settlement in America, Native Americans in the California territory excavated oil seeps. By the mid-19th century, American geologists discovered the vast oil reserves in California and began mass drilling in the Western Territory. While California's production of excavated oil increased significantly during the early 20th century, the accelerated drilling resulted in an overproduction of the commodity, and the federal government unsuccessfully made several attempts to regulate the oil market.
Charles Adelbert Canfield was an American oilman and real estate developer. He pioneered oil drilling in California and Mexico. He also co-founded Beverly Hills and Del Mar, California.
Allen Siple (1900–1973) was an American architect, working in Southern California from the 1930s to 1960s.
The Pan American Petroleum and Transport Company (PAT) was an oil company founded in 1916 by the American oil tycoon Edward L. Doheny after he had made a huge oil strike in Mexico. Pan American profited from fuel demand during World War I, and from the subsequent growth in use of automobiles. For several years Pan American was the largest American oil company, with holdings in the United States, Mexico, Colombia and Venezuela. In 1924 Pan American was involved in the Teapot Dome scandal over irregularities in the award of a U.S. government oil concession. Standard Oil of Indiana obtained a majority stake in 1925. The company sold its foreign properties to Standard Oil of New Jersey in 1932. What was left of Pan American was merged with Standard Oil of Indiana in 1954 to form Amoco.
Lago Petroleum Corporation was an oil production company established by Americans in 1923 that exploited the oilfields in Lake Maracaibo. It was acquired by Standard Oil of New Jersey in 1932. Later it was nationalized.
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Julian Petroleum Corporation was a Los Angeles based oil company. It collapsed in 1927 amid large-scale fraud, taking over $150 million from 40,000 investors.