Magnolia Gasoline
by Susan McMenamin
Title
Magnolia Gasoline
Artist
Susan McMenamin
Medium
Photograph
Description
Magnolia Gasoline - The Magnolia Petroleum Company was an early twentieth century petroleum company in Texas founded on April 24, 1911 by the Sealy family of Galveston, as a consolidation of several earlier companies. Standard Oil of New York (Socony) exchanged its stock for all of the Magnolia stock (except seven shares for the Directors) in December 1925 though it continued to operate as an affiliate of Socony. Socony merged with Vacuum Oil Company in 1931, becoming Socony-Vacuum Oil Company. Magnolia Petroleum continued to operate as a subsidiary of Socony-Vacuum. In 1959, Magnolia was fully incorporated into the Mobil division of Socony-Vacuum, which later changed its name to Socony Mobil and, ultimately to Mobil Oil Corporation.
The emblem of Magnolia Petroleum Company was originally a magnolia blossom. When Socony merged with Vacuum in 1931, Socony-Vacuum as well as Magnolia began using Vacuum's red Pegasus logo, as well as the Mobil name for its products (Mobilgas, Mobiloil, etc.).
Uploaded
October 6th, 2016
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Viewed 475 Times - Last Visitor from Jefferson, GA on 03/17/2024 at 10:07 PM
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