Berg, Harold E.

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Before his death in 1976, J. Paul Getty personally selected Harold E. Berg to succeed him as president of the Getty Oil Company.

In 1984, Texaco bought Getty Oil. Berg played a prominent role in the Pennzoil-Texaco dispute of December 1985. In this landmark case, Pennzoil claimed that Texaco had fraudulently convinced the Getty Oil Company to break the binding merger contract between Getty and Pennzoil that resulted in Pennzoil⁰́₉s loss of a billion barrels of choice oil reserves. The court decided in favor of Pennzoil even though Pennzoil had never signed a formal contract for the original deal. Texaco, Incorporated, was ordered to pay nearly $11 billion to Pennzoil Company.

From the description of Berg, Harold E. Collection, 1983-1991 (University of Texas Libraries). WorldCat record id: 776227677

Archival Resources
Role Title Holding Repository
creatorOf Berg, Harold E. Berg, Harold E. Collection, 1983-1991 University of Texas Libraries
Role Title Holding Repository
Relation Name
associatedWith Getty Oil Company. corporateBody
associatedWith Pennzoil Company. corporateBody
associatedWith Texaco, inc.. corporateBody
Place Name Admin Code Country
United States
Texas
Subject
Litigation
Oil industries
Occupation
Activity

Person

Active 1983

Active 1991

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