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Standard Oil Co. of New Jersey - 1970's dated $100,000 Famous Oil Company Bond - Became Exxon Replacing Esso, Enco & Humble Brands

Inv# HD1019   Bond
State(s): New Jersey
Years: 1976-1978
Color: Red and Black

$100,000 6 1/2% Bond printed by American Bank Note Co. Bold oil rig vignette with male figures at sides. Great!!!

Over the subsequent decades, Jersey Standard experienced substantial growth. The company's inaugural president was John Duston Archbold, who was succeeded by Walter C. Teagle in 1917, under whose leadership it became the largest oil company globally. In 1919, Jersey Standard acquired a 50% interest in Humble Oil & Refining Co., a Texas-based oil producer. The company was listed on the New York Stock Exchange in 1920. In the years that followed, it either acquired or established several entities, including the Tropical Oil Company of Colombia in 1920, the Standard Oil Company of Venezuela in 1921, and the Creole Petroleum Company of Venezuela in 1928. In the Asia-Pacific region, Jersey Standard, through its Dutch subsidiary, founded an exploration and production company, Nederlandsche Koloniale Petroleum Maatschappij, in 1912. The company discovered oil in Indonesia in 1922 and constructed a refinery in Sumatra in 1927. While it had oil production and refining capabilities, it lacked a marketing network.

Condition: Excellent

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $98.50