Is Unocal still in business?
On August 10, 2005, Unocal merged its entire upstream petroleum business with Chevron and became a wholly-owned subsidiary. Unocal then ceased operations as an independent company.
When did Union Oil become Unocal?
1983
The name Unocal was adopted in 1983, when the company was reorganized. It was purchased by Chevron Corporation in 2005. The founders of the Union Oil Company were Wallace L. Hardison (1850–1909), Lyman Stewart (1840–1923), and Thomas R.
Who founded Union Oil Company?
Lyman Stewart
Thomas R. BardWallace Hardison
Unocal Corporation/Founders
Who bought Unocal?
ChevronTexaco Corporation
SAN RAMON, Calif., April 4 /PRNewswire-FirstCall/ — ChevronTexaco Corporation (NYSE: CVX) and Unocal Corporation (NYSE: UCL) announced today that ChevronTexaco would acquire Unocal in a stock and cash transaction valued at approximately $18 billion, including net debt.
Who bought Union 76?
Phillips 66
76 (formerly Union 76) is a chain of gas stations located within the United States. The 76 brand is owned by Phillips 66. Unocal, the original owner and creator of the 76 brand, merged with Chevron Corporation in 2005….76 (gas station)
| 76 gas station pictured in 2010 | |
|---|---|
| Owner | Phillips 66 (since 2012) |
| Introduced | 1932 (as Union 76) |
Did Chevron buy Unocal?
Oil giant Chevron Corp. completed its $17.9 billion purchase of Unocal Corp.
Why is it called 76?
Union Oil (for many years based in El Segundo, California) introduced “76” gasoline in 1932. The name referred to the 1776 United States Declaration of Independence, and was also the octane rating of the gasoline in 1932. 76 signs are orange balls with “76” written on them in blue.
Is Texaco the same as Chevron?
Texaco was an independent company until its refining operations merged into Chevron Corporation in 2001, at which time most of its station franchises were divested to the Shell Oil Company.
Is Chevron the biggest oil company?
Chevron is one of the largest companies in the world and the second largest oil company in the United States, only behind ExxonMobil.
Who bought out Unocal?
Who is Unocal Indonesia co?
Operating in East Kalimantan, Unocal Indonesia Co. (UIC) has extensively used horizontal applications in developing their mature fields by completing more than 100 wells since 1996.
Is Unocal oil still in business?
On August 10, 2005, Unocal merged its entire upstream petroleum business with Chevron Corporation and became a wholly owned subsidiary. Unocal has now ceased operations as an independent company, but continues to conduct many operations as Union Oil Company of California, a Chevron company.
What does Unocal stand for?
Union Oil Company of California and Unocal Corporation, dba Unocal /ˈjuːnoʊkæl/ is a company that was a major petroleum explorer and marketer in the late 19th century, through the 20th century, and into the early 21st century. It was headquartered in El Segundo, California, United States.
How did Unocal get started?
Formed Through Three-Way 1890 Merger Unocal was founded on October 17, 1890, as Union Oil Company of California from the merger of three California oil companies: Sespe Oil and Torrey Canyon Oil, both of which were owned by oil and land baron Thomas Bard of Ventura County, and Hardison & Stewart Oil.