Getty Oil is an oil company founded by J. Paul Getty. Oil is a generic term for organic liquids that are not miscible with water. ... Jean Paul Getty (December 15, 1892 – June 6, 1976) was an American industrialist and founder of the Getty Oil Company. ...
In 1984, Texaco bought Getty Oil. On November 19, 1985, Pennzoil won a US$10.53 billion verdict from Texaco in the largest civil verdict in US history. (Texaco established a signed contract to buy Getty Oil after Pennzoil entered into an unsigned, yet still binding, buyout contract with Getty.) Jump to: navigation, search 1984 is a leap year starting on Sunday of the Gregorian calendar. ... Texaco was the name of an American oil company that was merged into Chevron Corporation in 2001. ... Jump to: navigation, search November 19 is the 323rd day of the year (324th in leap years) in the Gregorian Calendar. ... Jump to: navigation, search 1985 is a common year starting on Tuesday of the Gregorian calendar. ...
GettyOil is the biggest piece of the family fortune left by Jean Paul Getty, who died in 1976.
Gordon Getty, 50, youngest of three surviving sons, inherited 13% of the family oil business but, until the past year or so, scarcely seemed interested in it.
Getty, of course, did not have to worry about where his next five-course meal was coming from; his GettyOil dividends alone paid him $28 million annually.
Getty's prime involvement in the nuclear industry is through uranium mining, but in 1968 it did take a stake in nuclear fuel reprocessing too (2).
In the Philippines, GettyOil received a concession to explore the Camarines Norte area for uranium in 1977 (19); an exploration development contract was to be signed by January 1978 (20).
After the oil boom, his path was firmly set for him to become the owner of four million shares of GettyOil and sole trustee of the Sarah C Getty Trust with another eight million shares.
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