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Consolidated Oil Corporation - Also Known as Sinclair Oil Stock Certificate

Inv# OS1673   Stock
Consolidated Oil Corporation - Also Known as Sinclair Oil Stock Certificate
State(s): New York
Years: 1942
Color: Brown

Stock printed by Security Banknote Company. Sinclair Oil Corporation was an American petroleum corporation, founded by Harry F. Sinclair on May 1, 1916, the Sinclair Oil and Refining Corporation combined, amalgamated, the assets of 11 small petroleum companies. Originally a New York corporation, Sinclair Oil reincorporated in Wyoming in 1976. The corporation's logo featured the silhouette of a large green sauropod dinosaur, based on the then-common idea that oil deposits beneath the earth came from the dead bodies of dinosaurs. It was ranked on the list of largest privately owned American corporations. It owned and operated refineries, gas stations, hotels, a ski resort, and a cattle ranch. Sinclair has long been a fixture on American roads with its dinosaur logo and mascot, a Brontosaurus.

During September 1919, Harry Sinclair restructured Sinclair Oil and Refining Corporation, Sinclair Gulf Corporation, and 26 other related entities into Sinclair Consolidated Oil Corporation. In 1932, this new entity was renamed Consolidated Oil Corporation. In 1943, it was renamed Sinclair Oil Corporation. Near the beginning of the Great Depression, Sinclair sold the remaining interest in its pipeline subsidiary to Standard Oil Company (Indiana) for US$72.5 million (Standard Oil had purchased a 50% interest in the pipeline subsidiary in 1921). With these funds, including an additional US$33.5 million from an additional common stock issue, Sinclair retired several promissory notes and prepared to weather the Depression with the remaining supply of cash. Read more at https://en.wikipedia.org/wiki/Sinclair_Oil_Corporation

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Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
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