Texaco, Inc - 1970's dated Gas and Oil Bond - Acquired by Chevron

Various Denominations. Oil rigs, ships, buildings, train, tanks. A vignette w/ much detail. American Bank Note Co. Texaco, Inc., commonly referred to as "The Texas Company," is an American oil brand that operates under the ownership of Chevron Corporation. Its primary product is the fuel known as "Texaco w/ Techron." Additionally, Texaco owns the Havoline motor oil brand. The company functioned independently until its refining operations were integrated into Chevron, at which point a significant number of its station franchises were sold to Shell plc through its American division.

The origins of Texaco trace back to the "Texas Fuel Company," which was established in 1902 in Beaumont, Texas, by Joseph S. Cullinan, Thomas J. Donoghue, and Arnold Schlaet following the oil discovery at Spindletop. Initially, the Texas Fuel Company was not intended for drilling wells or producing crude oil. To facilitate this, Cullinan formed the Producers Oil Company in the same year, comprising a group of investors associated with The Texas Fuel Company. Notable investors, including John W. Gates, contributed nearly ninety thousand dollars in "certificates of interest." Subsequent restructuring led to the merger of Producers Oil Company and The Texas Fuel Company, resulting in the formation of Texaco, which required additional funding that J.W. Gates provided, amounting to approximately $590,000 in exchange for company stock.