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was elected to the board in 1930 after he obtained a large number of shares. By the next year Getty had obtained a controlling share of stock of
Pacific Western Oil. After this the board was expanded from nine to ten members. H. Paul Grimm was elected the new president of the board. Emil Kluth, H.M.
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In 1928, Pacific
Western Oil was founded to acquire the oil producing properties and undeveloped oil properties in California of Petroleum Securities Company. The sole stockholders of Petroleum Securities were
43:, Edward Nolan, George L. Eastman, and David P. Babcock. Pacific Western paid the Dohenys $ 25,000,000, which was said at the time to be the largest cash transfer in the West.
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was the first chairman of the board and
William C. McDuffie was president. The remaining initial Board of Directors were Earle Bailie, James R. Simpson, Lloyd Gilmour,
107:"Huge Oil Check Handed Doheny Operator Paid $ 25,000,000 By Pacific Western Deal Follows Shortly After Sale to Richfield Pioneer Repeats Denial of Retirement Story".
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Macomber, Fero
Williams, and E.H. Parkford were also elected to the board.
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was a holding company for the stock of the
Pacific Western Oil Company.
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concession in 1948–49. In 1956, the company became part of
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This United States corporation or company article is a
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The Prize: the Epic Quest for Oil, Money, and Power
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156:. New York: Touchstone. pp. 437–445, 790.
16:Holding company of Pacific Western Oil Company
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270:Defunct oil companies of the United States
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275:American companies disestablished in 1956
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265:American companies established in 1928
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137:"Grimm Gets Oil Concern Presidency".
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177:McDonald, John (December 1, 1967).
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179:"J. Paul Getty's Changed Plans"
20:Pacific Western Oil Corporation
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218:. You can help Knowledge by
53:The company was awarded the
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280:United States company stubs
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122:"Getty Buys Oil Control".
55:Saudi Arabian Neutral Zone
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152:Yergin, Daniel (1991).
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94:The New York Times
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188:October 10,
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59:Getty Oil
183:Fortune
26:History
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216:stub
190:2020
158:ISBN
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