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

Inv# GB5062   Bond
State(s): New Jersey
Years: 1970's
Color: Purple, Blue, Red or Brown

Various Denominations. Bold oil rig vignette w/ male figures at sides. American Bank Note Co. Great!!! Available in Purple, Blue, Red or Brown. Please specify color. Over the subsequent decades, Jersey Standard experienced substantial growth. The inaugural president of Jersey Standard was John Duston Archbold, who was succeeded by Walter C. Teagle in 1917, under whose leadership the company became the largest oil enterprise globally. In 1919, Jersey Standard acquired a 50% stake 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 refineries, 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: $20.00