Here's a short time-line of Peenzoil's history
1886: The Pennsylvania Refining Company (PRC) is founded.
1889: South Penn Oil Company is formed by a unit of Standard Oil Company.
1892: John D. Archbold becomes president of South Penn upon its reorganization.
1899: South Penn becomes a subsidiary of the newly enlarged and reorganized Standard Oil Company (New Jersey); John Archbold becomes effective head of New Jersey Standard as well as South Penn.
1909: PRC forms a new company to market its lubricants, Oil City Oil and Grease Company.
1911: The Supreme Court orders the dissolution of Standard Oil Company (New Jersey).
1924: Pennzoil Company is formed.
1925: South Penn, the former Standard Oil producer, buys 51 percent of Pennzoil's stock.
1953: Zapata Petroleum Corporation is founded.
1955: South Penn completes its purchase of Pennzoil and renames it South Penn Oil Company.
1962: J. Hugh Liedtke becomes president of South Penn.
1963: The Pennzoil Company is formed of the merger of South Penn with the Zapata companies.
1965: Pennzoil buys 42 percent of United Gas Corporation's stock.
1974: Liedtke spins off his United Gas Pipe Line Company, a subsidiary of United Gas.
1987: Texaco pays Pennzoil $3 billion in settlement of a suit.
1994: Liedtke retires as chairman.
1990: James L. Pate becomes president and chief executive officer of Pennzoil, with Liedtke remaining chairman.
1991: Jiffy Lube becomes a wholly owned subsidiary of Pennzoil.
1998: Pennzoil spins off the Pennzoil Products group, which joins with Quaker State Corporation in a merger acquisition; James L. Postl become president of Pennzoil-Quaker State.
1999: Devon Energy buys PennzEnergy.
2000: James L. Postl becomes president and chief executive officer; the company acquires assets of Auto Fashions, Sagaz Industries, Airfresh UK Limited and Bluecol Brands Limited; the company sells its Viscosity Oil Division.
[This message has been edited by MrMoneyClips (edited 04-04-2007).]
