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单词 Pennzoil
释义

Pennzoil

英语百科

Pennzoil

Pennzoil Place, which served as the headquarters of Pennzoil

Pennzoil is an American oil company founded in Los Angeles, California in 1913. In 1955, it was acquired by Oil City, Pennsylvania company South Penn Oil, a former branch of Standard Oil. In 1963, South Penn Oil merged with Zapata Petroleum; the merged company took the Pennzoil name. In 1968 United Gas Corporation became part of Pennzoil. (Although United Gas was a larger company, pre-merger, Pennzoil had successfully used a "leveraged buyout" strategy.) During the 1970s, the company moved its offices to Houston, Texas. In 1977 a spin-off company was formed called Pogo, which stood for Pennzoil Offshore Gas Operators.

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