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Lot 31
Pennzoil United, Inc., 1983
Estimate : 3,500 - 4,500
This certificate of Pennzoil United Inc., was issued in 1983. It has an ornate pink border and a vignette of a classical male figure holding what appears to be chemistry equipment. The signatures of the company's President and Secretary can be seen.
An American oil, Pennzoil was founded in Los Angeles, California in 1913. In 1955, it was acquired by Oil City, Pennsylvania company South Penn Oil, a former branch of Standard Oil. In 1963, South Penn Oil merged with Zapata Petroleum and the merged company took the Pennzoil name. The company moved its offices to Houston, Texas in and around 1970. In 1977 a spin-off company was formed called Pogo, which stood for Pennzoil Offshore Gas Operators.
In 1999 Pennzoil's E&P business was acquired by Oklahoma City-based Devon Energy and the Pennzoil-Quaker was purchased by Royal Dutch/Shell Group to form SOPUS-Shell Oil Products.
Number: RU6774
Shares: 9000
Owner: Cede & Co
Hammer Price :
3,800
+ Buyer premium (10 %)
 380.00
Total
4,180
The lot has ended
Description

This certificate of Pennzoil United Inc., was issued in 1983. It has an ornate pink border and a vignette of a classical male figure holding what appears to be chemistry equipment. The signatures of the company's President and Secretary can be seen.
An American oil, Pennzoil was founded in Los Angeles, California in 1913. In 1955, it was acquired by Oil City, Pennsylvania company South Penn Oil, a former branch of Standard Oil. In 1963, South Penn Oil merged with Zapata Petroleum and the merged company took the Pennzoil name. The company moved its offices to Houston, Texas in and around 1970. In 1977 a spin-off company was formed called Pogo, which stood for Pennzoil Offshore Gas Operators.
In 1999 Pennzoil's E&P business was acquired by Oklahoma City-based Devon Energy and the Pennzoil-Quaker was purchased by Royal Dutch/Shell Group to form SOPUS-Shell Oil Products.
Number: RU6774
Shares: 9000
Owner: Cede & Co

Provenance
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).

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