Penzoil-Quaker State Co. - 1998 dated Specimen Stock Certificate
Inv# SE3675 Specimen Stock
New York
Texas
Specimen Stock printed by American Bank Note Company. Pennzoil is an American motor oil brand currently owned by Shell plc. The former Pennzoil Company had been established in 1913 in Pennsylvania, being active in business as an independent firm until it was acquired by Shell in 2002, becoming a brand of the conglomerate.
Origins of the company can be traced to the "South Penn Oil Company", an oil business started in Oil City, Pennsylvania by Michael Late Benedum and Joe Trees in May 1889 as a unit of Standard Oil. It became the largest oil producer in the region, becoming independent when Standard Oil was split in 1911. By those times, two companies, one on the East Coast and another on the West (founded in 1908 and 1913 respectively) started to market their motor oils under the brand Pennzoil. Their refineries and distributors were later incorporated as "The Pennzoil Company" in 1925. In 1955, South Penn Oil acquired complete ownership of Pennzoil Co. In 1963, South Penn Oil merged with Zapata Petroleum and Stetco Petroleum to form a new "Pennzoil Company", headquartered in Houston and appointing Hugh Liedtke as president. By 1965 Pennzoil marketed its petroleum products worldwide. In 1968, United Gas Corporation was purchased by Pennzoil, through a leveraged buyout, which was necessary because Pennzoil did not have enough assets to buy United outright. During the 1970s, the company moved its offices to the Pennzoil Place in Downtown Houston, Texas. In 1977 a spin-off company was formed called POGO, an acronym for Pennzoil Offshore Gas Operators.
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In 1998, Pennzoil's motor oils, products and services divisions were spun off as an independent company, which then acquired rival Quaker State Oil Production Corporation, becoming "Pennzoil-Quaker State Company". In 1999 Pennzoil's E&P business (known as PennzEnergy) was acquired by Oklahoma City-based Devon Energy and the business now known as the Pennzoil-Quaker State Company was purchased by Royal Dutch/Shell Group to form SOPUS Products (an acronym for Shell Oil Products US). Shell Oil Company (the US-based subsidiary of Shell plc) acquired Pennzoil-Quaker State company in 2002 to market its products as two separate motor oil brands, Pennzoil and Quaker State. Read more at https://en.wikipedia.org/wiki/Pennzoil
Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firm’s products. These are usually marked "Specimen" and have no serial numbers.
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