Sinclair Oil Corporation is an American petroleum company, founded by Harry F. Sinclair on May 1, 1916, as a Sinclair Oil and Refining Corporation by combining the company's 11 small oil assets. Originally a New York company, Sinclair Oil merged in Wyoming in 1976. The company logo featured a large green dinosaur silhouette. It is ranked on the list of the largest private companies in the US. It owns and operates refineries, gas stations, hotels, a ski resort and a cattle ranch.
Video Sinclair Oil Corporation
History
Sinclair has long been a fixture on American streets with the logo of his dinosaur and mascot, a brontosaurus.
1916-1969
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, the new entity was renamed Consolidated Oil Corporation . In 1943, his name was changed to Sinclair Oil Corporation .
Toward 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 bought a 50% stake in a pipeline subsidiary in 1921). With this funding, including an additional US $ 33.5 million from the issue of additional common stock, Sinclair withdrew a number of promissory notes and prepared to deal with the Depression with the remaining cash remaining.
Between 1921 and 1922, Sinclair rented oil production rights to Teapot Dome in Wyoming without a competitive offer. This caused the Teapot Dome scandal.
During the Great Depression, Sinclair rescued a number of other oil companies from curators or bankruptcies, and acquired others to expand its operations. In 1932, Sinclair bought pipeline assets and Prairie oil and gas producers in the southern United States, and the Rio Grande Oil Company in California. The purchase of Prairie also gave Sinclair a 65% interest in the Manufacturer and Refiner of the Company (or Parco), which Sinclair later acquired when Parco entered the curator in 1934. Finally, in 1936, Sinclair purchased a marketing subsidiary of East Coast, Richfield Oil Company, operated on the curator for several years. Richfield then rearranged, resulting in the creation of Richfield Oil Corporation. Sinclair was instrumental in transferring capital and managerial assets to Richfield. Thirty years later, Richfield joined the Atlantic Purification, located on the East Coast, forming Atlantic Richfield.
At the Chicago World Expo 1933-1934, Sinclair sponsored a dinosaur exhibit intended to show the alleged correlation between the formation of oil deposits and the time of dinosaurs, now largely discredited misunderstandings. The exhibition includes a two ton brontosaurus animation model. The exhibition proved to be so popular that it inspired the rubber brontosaurs promotional tracks at Sinclair station, complete with stretched heads and tails, and the inclusion of the brontosaur logo. Then, an inflatable dinosaur was given as a promotional item, and an anthropomorphic version emerged as a service station officer in advertising. Some locations have large-size models of mascots that occupy the entrance of the building.
In the early 1960s Sinclair came with Turbo-S oil planes used for reliability in commercial jets, military jets, missiles, and space exploration rockets.
At the 1964-1965 New York World Expo, Sinclair once again sponsored the dinosaur exhibit, "Dinoland", featuring a life-size replica of nine different dinosaurs, including their signature brontosaurus. Souvenirs from the exhibits include brochures ("Sinclair and The Fascinating World of Dinosaurs") and molds of plastic sculptures of dinosaurs displayed. After the exhibition closes, Dinoland spends time as a traveling exhibition.
Two of the replicas (Tyrannosaurus and Brontosaurus) are still on display at Dinosaur Valley State Park near Glen Rose, Texas. Another, Trachodon model, has been featured at the Brookfield Zoo outside Chicago, Illinois. The Triceratops replica is owned by the Kentucky Science Center and is kept outdoors in an industrial park in South Louisville, Kentucky in 2016 or donated by Sinclair to the Smithsonian Institution and exhibited as "Uncle Beazley" at the National Zoological Park in Washington, DC
In 1955, Sinclair ranked 21 at Fortune 500; in 1969, fell to 58.
Era ARCO
In 1969, Sinclair was acquired by Atlantic Richfield Company (ARCO). The federal antitrust requirement required new entities to escape from certain Sinclair assets, and as a result, Sinclair's East Coast operations were sold to BP (which ARCO had since purchased). After the acquisition by ARCO, the dinosaur was removed, but at least one service station, in Winona, Minnesota, retained its original look through the 1980s. Many Sinclair stations in the Midwest continue to use the dinosaur logo along with the ARCO diamond spark logo. At least some Sinclair stations have retained some of the Sinclair brands for a while, using the blue ARCO rectangle logo including a "splash" graph, but with the word "Sinclair" substituted for ARCO.
Holding era
In 1976, ARCO separated Sinclair by selling certain assets to Robert (Earl) Holding. Sinclair has been owned by Holdings since 1976. Assets divested in the spinoff include ARCO's retail operations in areas bounded by the Mississippi River and the Rocky Mountains, and the rights to the Sinclair brand and logo, resulting in many stations along Interstate 80 keeping the dinosaur logo. The ARCO stations in Texas, New Mexico, Illinois and parts of Oklahoma were not affected by the divestment, and they continued as part of the ARCO until ARCO left the countries in the 1980s.
Currently headquartered in Salt Lake City, Sinclair is the 51st largest private company in the United States. There are 2,607 Sinclair charging stations in 20 states in West and Midwest United States. In 2010, the company currently operates two refineries - one in Casper, Wyoming, and one in Sinclair, Wyoming. Sinclair operates a third refinery in Tulsa, Oklahoma until it is sold to Holly Corporation on December 1, 2009. Other Sinclair operations include 1,000 mile pipes.
In mid-2010, Sinclair fuel stations began to actively spread in southern California including Los Angeles, San Diego, and Fresno with holders offering attractive offers for potential clients to switch from private brands to brand names Sinclair.
Sinclair continues to use green dinosaurs, called "Dino", and markets all of his products under the logo. Sinclair patented the SG-2000 petrol additive. The mixture of high-octane fuel is called "Dino Supreme" and ordinary gas is "Dino", a trade name used since 1961, when many oil companies still use the trade names for their fuel rather than common terms such as "regular," "premium," or "unleaded". Prior to that time, Sinclair's trade name for its gasoline products included "Power X" for high-octane fuel and "Sinclair H-C" for ordinary gas. Sinclair has also marketed products such as Dino, Dino Supreme, and Opaline motor oil.
Company Truck Sinclair
The company owned Sinclair Trucking provides distribution for Sinclair fuel oil and other related products. Terminal is located at:
- Flagstaff, Arizona
- Denver, Colorado (Henderson, Colorado)
- Des Moines, Iowa
- Kansas City, Kansas
- Minneapolis, Minnesota
- St. Louis, Missouri
- Omaha, Nebraska
- Shawnee, Oklahoma
- Tulsa, Oklahoma
- Salt Lake City, Utah
- Casper, Wyoming
- Sinclair, Wyoming
Hotel Grand America & amp; Resort
Sinclair Oil Company also owns and operates Grand America Hotels & amp; The resort, which owns hotel properties in Salt Lake City, Utah; Flagstaff, Arizona; Cheyenne, Wyoming; Little America, Wyoming; and San Diego, California, in addition to Sun Valley and Snowbasin resorts.
Maps Sinclair Oil Corporation
Parody
The brontosaurus logo is parodied in Toy Story and
The Dinosaurs TV series displays some characters with names from fossil fuel companies. The main character and his family have the Sinclair family name.
See also
- List of automotive fuel brands
- Little America Hotel
- Teapot Dome scandal
References
External links
- Sinclair Oil Corporation
- Documents and clippings on Sinclair Oil Corporation at the 20th Century Press Archives of the German National Library of Economics (ZBW).
Source of the article : Wikipedia
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