Conoco
Continental Oil Co (Conoco), of Delaware, oil refiner and distributor
1875 Isaac Elder Blake formed the Continental Oil and Transportation Co. to supply kerosene to customers in Utah, importing it in bulk by railroad tank cars from eastern US refineries.
1883 Constructed first pipeline in California
1885 Acquired by Standard Oil Co.
1909 First filling station constructed in West of USA. Over 20 years, Continental Oil established more than 1,000 service stations in 15 states. It also began production and refining of crude oil, merging with several other producers yet always retaining the name Continental Oil.
1913 Standard Oil split up by court order to combat its monopoly
1929 Merged with Marland Oil as the Continental Oil Company (Conoco).
WWII A Conoco refinery is dedicated to making high octane aviation fuel
1961 Acquired Jet Petroleum to provide an outlet for its crude oil from Eastern Hemisphere fields, enabling it to break into the European market.
1960s Expansion of refineries in Ponca City, Baltimore, Denver and Lake Charles; and erects a new refinery in Billings, MT.
1965 Continental Oil (U.K.) announced plans to build the first refinery on the Humber estuary at Immingham[1]
1969 Opened refinery at South Killingholme, Lincs[2].
1970 Conoco expanded internationally, making acquisitions throughout Europe, creating a network of service stations in West Germany, Austria, Belgium, Luxembourg and the United Kingdom.
1974 Started testing a road petrol tanker that carried synthetic grp.[3]
1981 DuPont acquired Conoco - the largest merger in U.S. history at the time.
1998 Conoco separated from DuPont in the largest IPO in history at that time.
2001 Conoco and Phillips Petroleum Co. agreed to merge.
2002 ConocoPhillips headquarters in Houston.
2006 ConocoPhillips purchased the Wilhelmshaven refinery in Germany and U.K.-based Louis Dreyfus Refining and Marketing Limited. The company also began production of renewable diesel fuel at Whitegate Refinery in Cork, Ireland. The production process developed by ConocoPhillips uses soybean and other vegetable oils to produce renewable diesel fuel that meets European Union standards.
2012 Separation of the company’s Refining & Marketing and Exploration & Production businesses into 2 stand-alone, publicly traded corporations, Phillips 66 and ConocoPhillips.
See Also
Sources of Information
- [1] Conoco