360 sevensisters

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360 sevensisters

  1. 1. The Seven SistersJacqueline Slaby
  2. 2. Family Tree 1 AMERICAN BRITISH(Persian/Dutch) STANDARD OIL SHELL ROYAL DUTCH OTHER SMALL COMPANIES 35 OTHER SMALL COMPANIES (sohio, amoco, Vacuum, etc.) ROYAL DUTCH BP (BRITISH PETROLEUM) SOCAL MOBIL EXXON SHELL TEXACO GULF POST THE SEVEN SISTERSSAUDI ARAMCO EXXONMOBIL ROYAL DUTCH BP CHEVRON SHELL NATION IRANIAN OIL CO. CHEVRON TEXACO CHEVRON GAZPROM PETROCHINA
  3. 3. ExxonStandard Oil Sister‘Independent’ in 1911Overseen by John D. ArchboldLargest Oil Company in the WorldPeople’s distrust in American CompaniesMoney, Markets, Very Little Oil Business Overseas
  4. 4. MobilStandard Oil Sister‘Independent’ in 1911Overseen by Henry Clay FolgerSmallest of the Seven SistersMerged with Vacuum in 1931Huge Markets (England, China), No Oil
  5. 5. SoCalStandard Oil Sister‘Independent’ in 1911 Formed only 11 years prior to Standard’s splitExported oil across Pacific to ChinaOwned 26% of total U.S. oil production by 1919
  6. 6. TexacoFounded by Joseph Cullinan in partnership withArnold Schalet, 1901Houston Headquarter, 1913Drilled at SpindletopInland trading (Mississippi sugar planters, Standard Oil)Produced 5% of All American Oil by 1904Company direction based on Texan LeadershipElgood Lufkin succeeds Cullinan, 1913
  7. 7. GulfFormed by James Guffey and GaleyFinanced by Thomas MellonOil first found at Spindletop, shortage soon afterSold out to Standard in 1895, Founded in 1901Oil found again in Tulsa in 1906, Guffey oustedOpened first drive-in filling station in Pittsburgh, 1908, inresponse to increasing popularity of automobilesLarge fleet, Markets, and Large Production of Oil
  8. 8. ShellBritish (Dutch) SisterFounded by Marcus Samuel in 1897Drilled in Russia, competed with StandardLarge Fleet, Transport Disadvantage Named after shellsTaken over by Henri Deterding’s Royal Dutch CompanyFirst sister agreement with Gulf, 1901Less Distrust in Oil Companies by the people of England
  9. 9. BPBritish (Persian) SisterFounded by William Knox D’ArcyBurmah Oil Company -> Anglo-Persian OilCompany -> Anglo-Iranian -> British PetroleumOverseas DrillingBP vs. Shell for British LoyaltyHalf owned by Churchill by 1914Supplied British Navy
  10. 10. Modern WorldTransformation ]Oil! The Rediscovery SHORTAGE VS. PRODUCTIONOrganized Industry PRICE CUTTINGGovernment Intervention PUBLIC VS. PRIVATEPost WWII Carve-Up NATURAL MONOPOLY
  11. 11. Onto the 21stCentury...Exxon merges with Mobil - ExxonMobil(4)Royal Dutch Shell remains in Top 7 as of 2012 (7)SoCal merges with Gulf - Chevron (9)Texaco merges with Chevron - ChevronTexaco, ChevronBP remains in Top 7 as of 2012 (6)Government (Middle East, China) Owned Companies inTop 102
  12. 12. Work CitedThis PowerPoint Presentation was based on my reading and comprehension ofAnthony Sampson’s The Seven Sisters.Sampson, A. (1976). The seven sisters: The great oil companies and the world they shaped. (Bantam ed.). New York,NY: Bantam Books, Inc.The information on the oil companies post 1976 (after the book was published)used in this presentation was retrieved from the following site:1,2- Helman, C. (2012, July 16). The worlds 25 biggest oil companies. Forbes, Retrieved fromhttp://www.forbes.com/pictures/mef45gkei/not-just-the-usual-suspects/

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