COMPANYHISTORIES
NAIC 42271

Petroleum Bulk Stations and Terminals

How the companies in this industry began, and the forces that shaped them.

20companies1890–2001founding years18still active2no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironmentHistory
FoundedSunoco, Inc.
1890
FoundedNippon Oil Corporation
1893
1903
TechnologyThe Wright brothers achieve powered flight.
FoundedThe British Petroleum Company plc
1909
FoundedUltramar Diamond Shamrock Corporation
1910
1914
EconomyWorld War I begins; global trade reorders.
FoundedIpiranga S.A.
1933
1939
EconomyWorld War II begins; wartime production surges.
FoundedKoch Industries, Inc.FoundedShowa Shell Sekiyu K.K.
1942
1945
EconomyThe war ends; a long global expansion begins.
FoundedChinese Petroleum Corporation
1946
1947
TechnologyThe transistor is invented.
FoundedMurphy Oil Corporation
1950
1958
TechnologyThe integrated circuit is demonstrated.
1962
EnvironmentSilent Spring launches the modern environmental movement.
FoundedTesoro Petroleum Corporation
1964
FoundedGiant Industries, Inc.
1969
1973
EconomyThe OPEC oil embargo triggers a global shock.
1975
TechnologyThe personal-computer era begins.
1979
EconomyA second oil crisis drives inflation higher worldwide.
FoundedValero Energy Corporation
1980
FoundedSalomon Inc.
1981
TechnologyThe IBM PC launches and sets a standard.
1984
TechnologyApple ships the Macintosh; the GUI era begins.
FoundedHellenic Petroleum SA
1988
1989
HistoryThe Berlin Wall falls; global markets open up.
1991
TechnologyThe World Wide Web is released to the public.
1993
TechnologyThe Mosaic browser brings the web to everyone.
FoundedOAO Tatneft
1994
FoundedTransMontaigne Inc.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
1997
EnvironmentThe Kyoto Protocol sets the first climate targets.
FoundedBP p.l.c.FoundedFortum Corporation
1998
2004
TechnologySocial media and Web 2.0 take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

Sunoco, Inc. →
Active · founded 1890
Sunoco, Inc.
Nippon Oil Corporation →
Active · founded 1893 · Japan
Nippon Oil Corporation is Japan's largest importer and distributor of petroleum products, controlling about 25 percent…
The British Petroleum Company plc →
Active · founded 1909 · England
One of the five largest oil companies in the world, The British Petroleum Company plc (BP) is the United Kingdom's…
Ultramar Diamond Shamrock Corporation →
Active · founded 1910
Ultramar Diamond Shamrock Corporation (UDS), based in San Antonio, Texas, is the second largest independent oil…
Ipiranga S.A. →
Active · founded 1933 · Brazil
One of Brazil's largest privately held companies, Ipiranga S.A.
Koch Industries, Inc. →
Active · founded 1942
Koch Industries, Inc., a diversified petrochemical company, is the second-largest privately held firm in the United…
Showa Shell Sekiyu K.K. →
Active · founded 1942 · Japan
c.
Chinese Petroleum Corporation →
Active · founded 1946 · Republic of China
Chinese Petroleum Corporation (CPC) is a state-owned enterprise that is responsible for the Republic of China's…
Murphy Oil Corporation →
Active · founded 1950
Murphy Oil Corporation is one of the smallest of the U.S.-based integrated oil companies.
The Coastal Corporation →
Active · founded 1955
The Coastal Corporation, based in Houston with operations in several energy markets, is a Fortune 500 energy company…
Tesoro Petroleum Corporation →
Defunct · founded 1964
Tesoro Petroleum Corporation is an independent energy company principally involved in refining, distributing, and…
Giant Industries, Inc. →
Active · founded 1969
Early 1980s:Competition from the oil majors forces Acridge to close all his stations in the Phoenix metro area and to…
Valero Energy Corporation →
Active · founded 1980
Valero Energy Corporation is the leading independent oil refiner in the United States.
Salomon Inc. →
Active · founded 1981
Salomon Inc.
Hellenic Petroleum SA →
Active · founded 1988 · Greece
Hellenic Petroleum SA is the largest company in Greece and the leading petroleum refiner both in that country and in…
OAO Tatneft →
Active · founded 1994 · Russia
OAO Tatneft produces approximately 8 percent of all oil extracted in Russia, with an annual production of approximately…
TransMontaigne Inc. →
Active · founded 1995
Denver-based TransMontaigne Inc.
BP p.l.c. →
Defunct · founded 1998 · United Kingdom
Formed by the 1998 merger of British Petroleum Company and Amoco Corporation, BP p.l.c.
Fortum Corporation →
Active · founded 1998 · Finland
Fortum Corporation is an international energy group formed from the 1998 merger of two state-owned Finnish firms: Neste…
ConocoPhillips →
Active · founded 2001
ConocoPhillips is the third largest U.S.
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