Standard Oil - 1970's dated Oil Bond - Standard Oil Company of Ohio
Inv# GB5060 Bond
Various Denominations. Superb triple vignette of tanks, early gas station and male figure. Security-Columbian Banknote Co. Great!!!
The Standard Oil Company (Ohio), commonly referred to as Sohio, was an American oil enterprise that operated from 1870 until 1987. Founded by John D. Rockefeller, it emerged as one of the distinct entities formed following the dissolution of Standard Oil in 1911. During the 1960s, The Standard Oil Company entered into a partnership with BP to develop the petroleum reserves located in Prudhoe Bay, Alaska, as well as to construct the Trans Alaska pipeline. This intricate partnership involved a gradual acquisition of shares, ultimately leading to BP obtaining a controlling interest and complete ownership of the American firm. Although the company ceased its operations in 1987, BP continued to market gasoline under the 'Sohio' name until 1991.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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