Paragon Oil - Growth of The Company

Growth of The Company

As time went on, Paragon Oil eventually switched its focus from building and selling these new residential oil burners to that of an oil distribution company, to supply the residential buildings that now had their new oil burners installed. They eventually won a major contract with New York City in the early 1930s to supply fuel oil to several city-run buildings. Despite this success, they still primarily remained a local operation in the New York area until the end of World War II. Europe was destroyed, and in desperate need of fuel oil. Because of their location close to the New York docks and their unique five gallon container packaging, Paragon Oil won the U.S. government contract as the only oil company to supply Europe with fuel oil during the post-war reconstruction. This contract catapulted the company into national prominence. Later, during the early days of the Cold War, Paragon supplied the U.S. government with oil for their submarines. The company operated a large fleet of fuel delivery trucks around the Northeastern United States, and eventually had several oil tankers. Toy versions of the fuel delivery trucks were even manufactured by the Corgi company.

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