Socony Mobil Oil - 1963 dated $1,000 4 1/4% Bond - Direct Descendent of Standard Oil Company
Inv# GB5054 Bond
$1,000 Oil Bond. Very graceful vignette of a seminude female figure with two globes. American Bank Note Co. Many coupons. Scarce!!!
Mobil, formerly recognized as the Socony-Vacuum Oil Company, is a prominent American oil enterprise that merged with Exxon in 1999, resulting in the establishment of a parent company named ExxonMobil. It was once part of the Seven Sisters, which held significant influence over the global petroleum sector from the mid-1940s until the 1970s. Currently, Mobil remains a key brand within the merged entity and continues to operate gas stations, often alongside its own convenience store or On the Run. The previous Mobil headquarters located in Fairfax County, Virginia, served as ExxonMobil's downstream headquarters until 2015, when the company relocated its employees to a new corporate campus in Spring, Texas. In the aftermath of the dissolution of Standard Oil in 1911, the Standard Oil Company of New York, also known as Socony, was established, along with 33 other successor firms. In 1920, the company secured the trademark for the name "Mobiloil."
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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