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Continental Oil Company revaluation of assets and change of capital structure

1933
 Collection
Accession: 1989

Abstract

Isaac Elder Blake (1844-1906) founded the Continental Oil and Transportation Company in 1875 in Utah as a distributor of oil, kerosene, and other products. In 1929, the company merged with the Marland Oil Company, continuing to operate using the name Continental Oil Company. This volume contains extracts of minutes and auditor's reports concerning a revision of the company's finances during the Great Depression and an analysis of the company's financial position and prospects.

Dates

  • 1933

Creator

Extent

1 volume(s)

Historical Note

Isaac Elder Blake (1844-1906) founded the Continental Oil and Transportation Company in 1875 in Utah as a distributor of oil, kerosene, and other products. In 1883, Blake oversaw the construction of the first oil pipeline in the state of California. Separately, E.W. Marland (1874-1941) founded the Marland Oil Company in Oklahoma in 1917, incorporated in 1921. On June 26, 1929, that company acquired Continental, and the merged company operated under the Continental Oil Company name. It was renamed Conoco, Inc., on July 1, 1979. In 2002, it merged with Phillips Petroleum Company to become ConocoPhillips.

Scope and Contents

This volume contains extracts of minutes and auditor's reports concerning a revision of the company's finances during the Great Depression, including re-valuing the company's stock to a par value, the value of a single common share as set by a corporation's charter, of $5 per share. The volume also contains an analysis of the company's financial position and prospects.

Access Restrictions

No restrictions on access; this collection is open for research.

Language of Materials

English


Additional Information

Related Names

Creator

Finding Aid & Administrative Information

Title:
Continental Oil Company revaluation of assets and change of capital structure
Status:
Description rules:
Describing Archives: A Content Standard
Language of description:
English
Script of description:
Latin

Revision Statements

  • 2022: Angela Schad

Repository Details

Repository Details

Part of the Manuscripts and Archives Repository

Contact:
PO Box 3630
Wilmington Delaware 19807 USA
302-658-2400