Amoco

Amoco is the abbreviated name of the American Oil Company, the third largest oil company in the world.

The Amoco Oil Corporation was founded in 1889 by John D. Rockefeller as part of the Standard Oil Company, which in 1911 was bruised for antitrust concerns. Amoco was first called Standard Oil of Indiana which was only the name of the sales business for fuels.

Amoco was merged in 1998 which later renamed British Petroleum to BP Amoco in BP, because BP brand was already known.

History

Some years after the founding in 1889 by John D. Rockefeller decided to 1910 due to the increasing popularity of the automobile as a specialist in the sale of petrol fuels.

At the foundation Amoco was still part of the Standard Oil Trust, which was battered by the 1911 Supreme Court ( Sherman Antitrust Act ). As an independent company Amoco could achieve a market share of 88 % in the sale of gasoline and petroleum in the Midwestern United States. 1912, the first gas station in Minneapolis, Minnesota was opened.

In the 1920s and 1930s, Amoco opened because of rising demand more oil refineries and production facilities. Over 1,000 oil wells have been drilled there alone in 1937.

During the Second World War, Amoco involved not only in the fuel supply of the Army and Air Force, but developed in the newly established chemical departments ( Pan American Chemicals Company and Indoil Chemical Company) to produce, among other things, a more effective method of TNT.

In the late 1940s Amoco focused on the national oil production and in 1947 was the first company that promoted from off-shore oil fields in the Gulf of Mexico. By setting up a feed offices in Canada Amoco became an international company.

1960 Amoco PTA was able to develop in its chemical division. For the production of the plastic acquired Amoco Corporation and the Avisun Patchogue - Plymouth, operating from now on under the name of Amoco Fabrics and Fibers Company.

In the coming decades, Amoco grew mainly by other plants and production facilities in more than 30 countries, including the UK, Belgium, Brazil, Mexico, South Korea, Taiwan, Norway, Venezuela, Russia, China, Trinidad and Tobago, and Egypt and was become one of the largest oil companies.

The Amoco name became known in Europe. Caused by the wreck of the tanker Amoco Cadiz off Brittany on March 16, 1978. It reached significant amounts of crude oil into the sea and led to massive environmental damage on the Brittany Atlantic Coast

On August 11, 1998 Amoco announced the merger with British Petroleum announced the largest at this time merger of two industrial companies. Amoco gas stations can now be found under the BP brand. BP presented the following year, 9900, a new workers.