Maracaibo Oil Exploration Corp. Issued to Lehman Bros. - 1953-59 dated Oil Stock Certificate - Maracaibo Basin in Venezuala

Oil Stock printed by American Bank Note Company. Issued to Lehman Bros. Two male figures at each side of a female. Very attractive vignette!!! Available in Blue or Brown. Please specify color.

Lake Maracaibo is abundant in oil and gas resources, earning it the nickname "oil lake". The first Spaniards to arrive utilized the tar seeping from the lake to seal ship cracks. The Maracaibo oil field was discovered in 1914, the first oil well was drilled in 1917, and large-scale exploitation began in 1922. The oil fields are concentrated in the northeast and northwest of the lake, with oil-producing layers consisting mainly of Tertiary sandstone and Cretaceous limestone. The hydrocarbon-bearing area covers 1,300 square kilometers, primarily located in the coastal waters stretching 105 kilometers long and 32 kilometers wide to the east of the lake.

Lehman Brothers Inc. was an American global financial services firm founded in 1850. Prior to its bankruptcy filing in 2008, Lehman was the fourth-largest investment bank in the United States, behind Goldman Sachs, Morgan Stanley, and Merrill Lynch, with approximately 25,000 employees worldwide. The company was engaged in various financial activities, including investment banking, equity, fixed-income and derivatives sales and trading (notably U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman Brothers operated for 158 years, from its founding in 1850 until its collapse in 2008.