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Pennzoil wins a US$10.53 billion judgment against Texaco, in the largest civil verdict in the history of the United States, stemming from Texaco executing a contract to buy Getty Oil after Pennzoil had entered into an unsigned, yet still binding, buyout contract with Getty.

Historical image related to Pennzoil wins a US$10.53 billion judgment against Texaco, in the largest civil verdict in the history of the United States, stemming from Texaco executing a contract to buy Getty Oil after Pennzoil had entered into an unsigned, yet still binding, buyout contract with Getty. from November 19, 1985

Related Wikipedia articles

Pennzoil

American motor oil brand owned by Shell plc

Pennzoil is an American motor oil brand currently owned by Shell plc. The former Pennzoil Company had been established in 1913 in Pennsylvania, being active in business as an independent firm until it was acquired by Shell in 2002, becoming a brand of the conglomerate.
Source: Wikipedia (CC BY-SA)

Texaco

American petroleum brand owned by Chevron Corporation

Texaco, Inc. is an American oil brand owned and operated by Chevron Corporation. Its flagship product is its fuel "Texaco with Techron". It also owned the Havoline motor oil brand. Texaco was an independent company until its refining operations merged into Chevron in 2001, at…
Source: Wikipedia (CC BY-SA)

Getty Oil

Defunct American oil and gas company (1942–2012)

Getty Oil Company was an American oil marketing company with its origins as part of the large integrated oil company founded by J. Paul Getty. They went defunct in 2012.
Source: Wikipedia (CC BY-SA)