Berg, Harold E. Collection, 1983-1991

Pennzoil Company

http://n2t.net/ark:/99166/w6b8926m (corporateBody)

Pennzoil Co., headquartered in Houston, Texas is a large oil producing, refining, and marketing company. Pennzoil traces its origins back to two companies, Zapata Petroleum and South Penn Oil Company. In 1983 Pennzoil signed an agreement with Getty Oil for the purchase of Getty. Several days after public announcement of the agreement, Texaco purchased all of Getty Oil. Pennzoil reacted by bringing a suit against Texaco for interfering with its agreement with Getty Oil. After four years of trial,...

Getty Oil Company

http://n2t.net/ark:/99166/w64f5j1h (corporateBody)

Texaco, inc.

http://n2t.net/ark:/99166/w6fj68rt (corporateBody)

Berg, Harold E.

http://n2t.net/ark:/99166/w6b06wqc (person)

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...