Company History: The British-American Oil Company (B/A) was founded in Toronto, Ontario, in 1906 by Albert Leroy Ellsworth (1876–1950).Gulf Canada, originally British-American Oil and eventually Gulf Canada Resources, is a major Canadian integrated gas, oil, and resources company in operation since 1906. It was Canada's 4th largest oil company and operated over 9,000 retail gasoline outlets.
The company expanded rapidly through growth and acquisition to eventually be valued at over $6 billion. It was a highly visible company that was the subject of controversial acquisition strategies, the federal government's efforts to Canadianize the oil and gas industry, and the failure of the world's largest property developer. At its peak, it was a diversified conglomerate whose assets included a major distillery company, the world's largest pulp and paper producer, a major pipeline, and Canada's largest natural gas distributor. In 2001, it was operated as Phillips 66 Canada. In 2015, Gulf Canada has returned to bring back Gulf gas stations across Canada with an expansion plan by inviting gas stations owners to join the Gulf banner.From Wikipedia
Successor/Parent History: When the company that was to be known as Gulf was born in 1901 with an oil discovery in Spindletop, Texas, the primary commercial fuel was coal. By 1903, the age of mechanization had arrived and it was now up to the petroleum industry to keep pace, for the age could not proceed without it. Gasoline development, into which Gulf invested millions of dollars, responded to advances in automotive technology to make the modern motorcar possible. Within a dozen years of Spindletop, Gulf scored notable firsts with the world?s first drive-in service station, complimentary Gulf road maps and over water drilling at Ferry Lake. In 1917, the Gulfstream went into World War I service, along with the rest of Gulf's tanker fleet.
Gulf Oil, now headquartered in Wellesley Hills, Massachusetts was purchased by ArcLight Capital Partners, LLC, an industry leading Private Equity Sponsor, and has since merged with Petroleum Products Corporation. With an extensive distribution network, the company supplies motor fuels through 17 owned and operated terminals and more than 1,800 Gulf branded gas stations and service stations, as well as heating oil, diesel fuel, jet fuel and kerosene, across the East and Gulf Coasts. Through its highly diversified assets and experienced management team, Gulf plans to expand its footprint throughout the Gulf Coast and eventually through North America.
Gulf Oil, now headquartered in Wellesley Hills, Massachusetts was purchased by ArcLight Capital Partners, LLC, an industry leading Private Equity Sponsor, and has since merged with Petroleum Products Corporation. With an extensive distribution network, the company supplies motor fuels through 17 owned and operated terminals and more than 1,800 Gulf branded gas stations and service stations, as well as heating oil, diesel fuel, jet fuel and kerosene, across the East and Gulf Coasts. Through its highly diversified assets and experienced management team, Gulf plans to expand its footprint throughout the Gulf Coast and eventually through North America.
Brief History: The United Kingdom, made up of England, Scotland, Wales and Northern Ireland, is an island nation in northwestern Europe. England – birthplace of Shakespeare and The Beatles – is home to the capital, London, a globally influential centre of finance and culture. England is also site of Neolithic Stonehenge, Bath’s Roman spa and centuries-old universities at Oxford and Cambridge.
Item Links: We found: 1 different collections associated with British-American Oil - Energy
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Item created by: CNW400 on 2020-07-07 16:20:53
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