Gulf Oil was a major global oil company from the 1900s to the 1980s. The eighth-largest American manufacturing company in 1941 and the ninth-largest in 1979, Gulf Oil was one of the so-called Seven Sisters oil companies. Prior to its merger with Standard Oil of California, Gulf was one of the chief instruments of the legendary Mellon family fortune; both Gulf and Mellon Financial had their headquarters in Pittsburgh, Pennsylvania.
Gulf's former headquarters, originally referred to as "the Gulf Building" (now the Gulf Tower office condos), is an art-deco skyscraper. The tallest building in Pittsburgh until 1970, when it was eclipsed by the U.S. Steel Tower, it is capped by a step pyramid structure several stories high. Until the late 1970s, the entire top was illuminated, changing color with changes in barometric pressure to provide a weather indicator that could be seen for many miles.
Gulf Oil Corporation (GOC) ceased to exist as an independent company in 1985, when it merged with Standard Oil of California (SOCAL), with both re-branding as Chevron in the USA. Retail stations in Canada were acquired by Ultramar the same year.
However, the Gulf brand name and a number of the constituent business divisions of GOC survived. Gulf has experienced a significant revival since 1990, emerging as a flexible network of allied business interests based on partnerships, franchises and agencies.
Gulf, in its present incarnation, is a "New Economy" business. It employs very few people directly and its assets are mainly in the form of intellectual property: brands, product specifications and scientific expertise. The rights to the brand in the United States are owned by Gulf Oil Limited Partnership (GOLC), which is a wholly owned subsidiary of Cumberland Farms and operates over 2,100 service stations and several petroleum terminals; it is headquartered in Framingham, Massachusetts. The corporate vehicle at the center of the Gulf network outside the USA, Spain & Portugal is Gulf Oil International, a company owned by the Hinduja Group. The company's focus is primarily in the provision of downstream products and services to a mass market through joint ventures, strategic alliances, licensing agreements, and distribution arrangements. Gulf Oil International has its head office in the City of Westminster, London.
Other articles related to "oil, gulf oil, gulf":
... Bay in Ireland During the 1960s, developments in the pattern of oil transportation indicated that it would soon become most economic to move oil between the Middle East and Europe using Ultra Large Crude ... it was judged appropriate to build a new oil terminal in Europe capable of handling the largest vessels that were planned ... The intention was that oil coming from the Middle East would be off-loaded at this terminal and then stored for transshipment to European refineries using smaller vessels ...
... would be a "white knight" to give them a better deal and entered into a merger agreement with Gulf Oil Corporation ... Late in the summer of 1982, Gulf Oil terminated the merger agreement claiming that Cities Service's reserve estimates were over-stated ... Gulf Oil litigation, see Gulf Oil#Demise.) Ironically, two years later, Gulf Oil itself would collapse as a result of a Pickens-initiated takeover attempt ...
... Until well into the 1970s, Gulf (in common with other oil companies) sold distinctive brands of petrol/gasoline including subregular Gulftane, Good Gulf regular ... Gulf petrol was sold using the slogans "Good Gulf Gasoline," and "Gulf — the Gas with Guts." Gulf service stations often supplied customers with pens and key rings bearing these slogans ... For a few years, beginning in 1966, Gulf stations in the U.S ...
... (JWAE) at Slough in England to compete in international sports car races in the colours of the Gulf Oil Corporation ... Gulf Oil sponsorship, which had continued each year from 1967 took a new turn in 1974 when the new GR7 model was badged as a Gulf Mirage GR7 ... introduced in that race regarding fuel consumption in the wake of the oil crisis ...
... George Matthew Keller (December 3, 1923 – October 17, 2008) was the chairman of Standard Oil Company of California ("SoCal") in the 1980s, where he oversaw its merger with Gulf Oil to form ... He chose a position at Standard Oil Company of California in San Francisco after graduation ... At Standard Oil, Keller's specialty was designing refineries ...
Famous quotes containing the words oil and/or gulf:
“Oh Gull of my childhood,
cry over my window over and over, take me back,
oh harbors of oil and cunners, teach me to laugh
and cry again that way that was the good bargain
—Anne Sexton (19281974)
“And into the gulf between cantankerous reality and the male ideal of shaping your world, sail the innocent children. They are right there in front of uswild, irresponsible symbols of everything else we cant control.”
—Hugh ONeill (20th century)