Union Oil Bulletin; First Quarter 1940 [Volume Twenty-one, Bulleting Number One]
Los Angeles: Union Oil Company of California, 1940. Presumed First Edition, First printing. Wraps. 16 pages, plus 4 page quarterly report insert, and covers. Illustrations. Cover has some wear and soiling. Includes an article on the original corporate office building in Santa Paula, President Reese H. Taylor's address to stockholders, Chinese Trucks carrying Union Shield, Along Highway Number One, Treasure Island, and the First Quarter Quarterly Report, Traffic, Asphalt, and Oleum Refinery. The Union Oil Company of California was founded on October 17, 1890, in Santa Paula, California, by Lyman Stewart, Thomas Bard, and Wallace Hardison. It was a merger of three Southern Californian oil companies: the Sespe Oil Company and the Torrey Canyon Oil Company (both owned by Bard) and the Hardison and Stewart Oil Company. All three were notable as being completely unaffiliated with Standard Oil. Union Oil moved its headquarters to Los Angeles in 1901. The original headquarters in Santa Paula is a California Historical Landmark and museum. About 1910, Union Oil made a strategic alliance with the Independent Producers Agency, a group of small oil producers, to build pipelines from the Kern County oil fields to Union Oil facilities on the Pacific coast. This gave the independent producers an alternative to what they perceived as the low prices paid by Standard Oil and the high freight rates charged by the railroads to move crude oil. It gave Union access to a large volume of crude oil. In 1919, the Union Oil Company of Delaware was incorporated as a holding company for the Union Oil Company of California. In 1920, Union Oil purchased the Central Petroleum Company from the Texas Company. In 1922, the Union Oil Associates, Inc. was incorporated in California as a holding company to prevent control of the Union Oil Company of California passing to foreign interests after the merger of the Union Oil Company of Delaware with Royal Dutch Company. Condition: Good.
Keywords: Santa Paula, President Reese H. Taylor, Stockholders, Chinese Trucks, Union Shield, Highway Number One, Treasure Island, Quarterly Report, Traffic, Asphalt, Oleum Refinery
[Book #85512]
Price: $25.00