Transcontinental Oil Corp. - 1979-85 dated Stock Certificate - Connections with Ohio Oil and Marathon Petroleum
Inv# OS2164 Stock
New York
Texas
Stock printed by American Bank Note Company. Please specify color. Similar to OS2163 and OS2165. The state of Ohio, original home of Standard Oil, became the home of multiple Standard Oil descendants, two of the largest being The Ohio Oil Company and Standard Oil of Ohio. Purchased by Standard Oil in 1889, the company was originally founded in 1887 by a conglomeration of smaller Ohio oil producers. After the breakup, the company grew by purchasing the Transcontinental Oil Company in 1930. Not long after, the company created the brand name Marathon, renaming itself to Marathon Oil in 1962.
Marathon became the target of a hostile takeover by Mobil (Standard Oil of New York), though opted to sell itself instead to U.S. Steel. This lasted until 2001, when U.S. Steel (then known as USX Corporation) divested from Marathon. The company today split in 2012, with upstream operations continuing under the historical Marathon Oil name while downstream and retail operations are handled by Marathon Petroleum. Marathon Petroleum would subsequently acquire Andeavor in 2018 and gain ownership of fellow Standard spinoff ARCO, though ARCO's assets at this point were primarily from independent oil company Richfield Oil Company and not Standard spinoff Atlantic Petroleum, whose assets were eventually acquired by Sunoco. Read more at https://en.wikipedia.org/wiki/Successors_of_Standard_Oil
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.
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