Skip to main content

new Standard Oil Co. - 1976-1978 dated $100,000 Famous Oil Company Bond - Became Exxon Replacing Esso, Enco & Humble Brands

Inv# HD1019   Bond
New Item!
State(s): New Jersey
Years: 1976-1978

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

Over the next few decades, Jersey Standard grew significantly. John Duston Archbold was the first president of Jersey Standard. Archbold was followed by Walter C. Teagle in 1917, who made it the largest oil company in the world. In 1919, Jersey Standard acquired a 50% share in Humble Oil & Refining Co., a Texas oil producer. In 1920, it was listed on the New York Stock Exchange. In the following years it acquired or established Tropical Oil Company of Colombia (1920), Standard Oil Company of Venezuela (1921), and Creole Petroleum Company of Venezuela (1928).In the Asia-Pacific region, Jersey Standard has established through its Dutch subsidiary an exploration and production company Nederlandsche Koloniale Petroleum Maatschappij in 1912. In 1922, it found oil in Indonesia and in 1927, it built a refinery in Sumatra. It had oil production and refineries but no marketing network. Read more at https://en.wikipedia.org/wiki/History_of_ExxonMobil#Standard_Oil_Company_of_New_Jersey_(1911-1999)

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: $105.00