gulf oil went out of business in 1984.
gulf oil went out of business in 1984.
when did gulf oil go out of business?
1984
section::::history.:chevron corporation.









































the era of gulf oil ended for the cedar bayou plant in 1984. during this time, gulf oil was negotiating what newspapers called the “largest business takeover in u.s. history” when standard oil co. of california, also known as socal, purchased the struggling gulf oil for $13.3 billion. when the deal was complete, socal transferred its newly-acquired texas gulf coast plants to chevron corporation, which at the time was owned by socal. by acquiring gulf oil, socal nearly doubled its worldwide proved oil and gas reserves overnight.
cedar bayou plant
in june 2008, gulf had 1800 stations in the northeastern us; gulf oil lp agreed to supply the approximately 600 exxon stations in new england and new york in a deal with conocophillips. the deal included cumberland farms buying 200 exxon stations, but intended to keep the name. that month, "the boston globe" reported that gulf oil lp (which had pur hases the delivery contracts for over 500 exxon stations in 2003 after the exxonmobil merger required divestment) wanted to buy mobil-branded company-owned stations in the northeast. exxonmobil sold 820 owned-and-operated stations, plus about 1400 leased stations. then, gulf was the only large local brand in new england, where it had 2000 stations, supplying about 500 stations with other names, for a market share of 10 percent. the 2003 deal gave gulf oil exclusive rights to the exxon name in new york and new england until february 2010, when "exxon" would be dropped. however, in 2008 gulf oil decided to stop using the exxon name in february 2009, asking independent stations to switch to gulf. "the enterprise" of brockton, massachusetts reported in april 2008 that verc enterprises would change 14 exxon stations in massachusetts and new hampshire to gulf, but not its five mobils. massachusetts turnpike authority announced in summer 2007 a switch of eleven former exxon stations on the massachusetts turnpike to gulf, and in 2009 the same change was extended to 158 cumberland farms owned stations, the "globe" said. gulf supplied 300 other exxons, of which 200 would likely change to gulf. many of the former exxon stations feature a rectangular logo that fit into the existing sign standards used by exxon. gulf refers to the look as its "sunrise" imaging.
gulf oil lp