Reed, William Flinn, J. Callery, T. Given, and Joshua Rhodes owned the balance. Later in the same year the same men organized the Gulf Refining Company of Texas for the purpose of refining and marketing the crude oil produced by the Guffey company, and a refinery was built at Port Arthur. Mellon was placed in active charge of the Guffey and Gulf operations, although J. Guffey remained the nominal head for five years more.
Only the most efficient management kept the two companies from going bankrupt during the period to , when Texas crude production continued to decline. The Gulf Oil Corporation then built a mile pipe line from Port Arthur to the Glenn Pool field in Oklahoma, which had been discovered in , and began refining Oklahoma crude in September Leovy to handle production operations in Oklahoma.
In less than two years following the opening of the Glenn Pool pipeline Gulf's production had more than doubled and had exceeded the refinery throughput of 11, barrels daily. During the next twenty years Gulf's growth was steady, the company expanding its production operations into nearly all of the major oilfields in the United States and into Mexico and Venezuela.
In West Texas Gulf became the leading producer. Gulf's organization was characterized by integration from production of crude to retailing of refinery products. In it was decided to expand the retail business, which had been concentrated in the south and east, into Ohio, Illinois, and Michigan. Partially because of the expansion program the depression severely affected Gulf; for the first time in its history the company operated at a loss in The depression period brought about retrenchment and some internal reorganization of the company.
In general the policy of maintaining and operating service stations was abandoned in favor of leasing them to independent operators, and each of the four major departments production, transportation, refining, and marketing was placed on a separate accounting basis. By the mids the company began to prosper again, and the dramatic increase in demand for oil during World War II further fueled the company's expansion.
In Gulf Oil Corporation completed one of the world's largest at the time catalytic cracking units in Port Arthur, Texas, and in the same year began construction of plants in Port Arthur for the manufacture of ethylene and isooctyl alcohol, a major move in developing its petrochemicals capacity. While the Fort Worth, Sweetwater, and Pittsburgh Pennsylvania refineries were dismantled in the s after the facilities had become obsolete, the Port Arthur and Philadelphia refineries continued to expand and the Toledo and Cincinnati refineries were modernized.
Increasing its capital expenditures in the s, Gulf joined with B. Goodrich Company to form a new company, Gulf-Goodrich Chemicals, Incorporated, through which Gulf maintained an important position in the manufacture of synthetic rubber from petroleum-derived feedstocks. It also acquired Warren Petroleum Corporation in and that same year increased its interest in British American Oil Company by trading Gulf's Canadian properties for 8,, common shares of British American stock, bringing Gulf's interest in that company to 58 percent.
Gulf also extended its exploration and production operations in the s, including an extensive program for exploration of underwater leases in the Gulf of Mexico off Louisiana, which became one of the company's leading domestic producing areas. With the conclusion of World War II, Gulf, as a percent participant in Kuwait Oil Company, resumed operations in Kuwait to put into production petroleum discovered there about the time of the war's outbreak.
Production from these vast reserves climbed steadily and yielded for Gulf's interest an average of more than 1. Gulf owned or had an interest in twenty-two refineries in addition to those in the United States. Adding to its European refining capacity, refineries at Milford Haven, Wales, and Huelva, Spain, went on stream in and a permit was obtained for construction of a refinery at Milan, Italy, to further strengthen Gulf's capacity to supply products for its growing European markets.
Discoveries in Bolivia and Nigeria were developed in the s and added significantly to Gulf's foreign oil production. Production from discoveries in Colombia and Cabinda was expected to begin before the end of , and substantial discoveries were made in Ecuador.
Gulf was producing oil and gas from eleven nations as its explorations continued in thirty countries. Sea Green Gulf Oil Marine introduces a full range of environmentally approved products. Shandong Da Ren, one of the largest ore carriers in the world. December A record time Gulf Oil does it again and beats its own record in oil drain interval.
Barge in Gulf Oil Marine launches its first time chartered barge. Long Interval Gulf Oil launches the longest drain interval engine oil in India. First Delivery Gulf Oil Marine makes its first delivery. Slippery when wet Gulf Oil Marine is established, growing rapidly to become one of the top 6 Marine lubricant companies, servicing more than ports worldwide.
First production at Gulf Oil China blending plant in Yantai. Trademarked Gulf becomes the first oil company in history to trademark its racing colours. Gulf reaches peak production, processing 1. Venezuela Adventure Gulf establishes a presence in the oil fields of Venezuela.
Gulf purchases the Barco oil concession. First appearance of the Gulf Orange Disc logo. Innovative Thinking Gulf introduces the first drive through fuel station. Spindletop: The Beginning. Gulf Oil International. At the Brazil GP, we saw something special. McLarenF1 and Ayrton Senna won in front of his home crowd. This is the one. A match heavy with history; from overhead kicks to heroics.
In just two games, Man Utd produced 4 goals and minutes of non-stop action.
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