Sinclair Oil Net Worth is7.75e $Billion
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Type: Public company until 1969 , Private company since 1976
Foundation: 1916/05/01
Defunct:
Location City: Salt Lake City, Utah
Location Country: United States
Key People: Robert Holding, CEO/President, url
Industry: List of petroleum companies
Homepage: [http://www.sinclairoil.com/ www.sinclairoil.com]
Sinclair Oil Corporation is an American petroleum corporation, founded by Harry F. Sinclair on May 1, 1916 as the Sinclair Oil and Refining Corporation by combining the assets of 11 small petroleum companies. Originally a New York corporation, Sinclair Oil reincorporated in Wyoming in 1976. The corporation's logo features the silhouette of a large green dinosaur.
Sinclair has long been a fixture on American roads with its dinosaur logo and mascot, an apatosaurus (Brontosaurus).
During September 1919, Harry F. Sinclair restructured Sinclair Oil and Refining Corporation, Sinclair Gulf Corporation, and 26 other related entities into Sinclair Consolidated Oil Corporation. In 1932, this new entity was renamed Consolidated Oil Corporation. In 1943, it was renamed Sinclair Oil Corporation.
Near the beginning of the Great Depression, Sinclair sold the remaining interest in its pipeline subsidiary to Standard Oil Company (Indiana) for US$72.5 million (Standard Oil had purchased a 50% interest in the pipeline subsidiary in 1921). With these funds, including an additional US$33.5 million from an additional common stock issue, Sinclair retired a number of promissory notes and prepared to weather the Depression with the remaining supply of cash.
During the Great Depression, Sinclair saved a number of other petroleum companies from receivership or bankruptcy, and acquired others to expand its operations. In 1932, Sinclair purchased the assets of Prairie Oil and Gas's pipeline and producing companies in the southern United States, and the Rio Grande Oil Company in California. The purchase of Prairie also gave Sinclair a 65% interest in Producers and Refiners Corporation (or Parco), which Sinclair subsequently acquired when Parco entered receivership in 1934. Lastly, in 1936, Sinclair purchased the East Coast marketing subsidiary of Richfield Oil Company, which had operated in receivership for several years. Richfield then reorganized, resulting in the creation of the R

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Sinclair Oil Latest News

Past oil and gas production bans led to current limits set by the Oklahoma Corporation Commission

When Murray ordered the first shutdown, some monster wells in the Oklahoma City Field were producing more than 10,000 barrels of oil per day. At the same time, he was accusing Harry Ford Sinclair, an ...
Posted: September 16, 2018, 4:43 am

Why punishing Saudi Arabia is so complicated

WASHINGTON (Sinclair Broadcast Group ... The kingdom is not only a major oil supplier for the United States which purchases close to a million barrels a day, but they’re also a customer...
Posted: October 17, 2018, 1:13 pm

A lot of people get this pretty basic question about oil wrong

“I have tried to trace the history of this” Lacovara said, “and I think it largely goes back to the Sinclair Oil Company.” You might know Sinclair Oil by its logo: a big green dinosaur. Sinclair never ...
Posted: May 23, 2018, 7:33 pm
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