Continental Oil Company revaluation of assets and change of capital structure
Creation: 1933Abstract
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
- Creation: 1933
Creator
- Continental Oil Company (Organization)
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
Finding Aid & Administrative Information
- Title:
- Continental Oil Company revaluation of assets and change of capital structure
- 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
