| || |
| || || |
NOPCO Chemical Company 1950's (Diamond Shamrock)
Beautifully engraved Certificate from the National Oil Products Company issued
in the 1950's. This historic document was printed by the Mamilton Banknote Company and has an
ornate border around it with a vignette of two men on both sides of the company logo. This item has the printede signature of the company's president and is
over 57 years old. We have not seen many of these certificates around.
The company was a broad based integrated chemical firm with established positions in hydrocarbons, heavy chemicals and intermediates, and speciality chemicals.
NOPCO Chemical merged into the Diamond Aikali Company who shortly thereafter merged with The Shamrock Oil Company to form the Diamond Shamrock Corporation in 1967. The company changed its name to Maxus Energy Corporation in 1987.
In 1910 T. R. Evans and a group of Pittsburgh businessmen formed the Diamond Alkali Company to produce chemicals for the glass industry. During WWII the company began making magnesium oxide, a component of incendiary bombs, and in the 1950s moved into producing organic chemicals, plastics, and chromic acids.
In 1967 Diamond Alkali merged with Shamrock Oil & Gas (an oil, gas, and fertilizer producer and marketer) and became Diamond Shamrock. It merged with Natomas Company in 1983, thus gaining gas and oil wells in Canada, Indonesia, and the North Sea.
Diamond Shamrock in 1984 agreed to clean up its dioxin-contaminated New Jersey plant. The next year low energy prices forced the company to post losses of $605 million. Smelling blood, corporate raider T. Boone Pickens made a hostile takeover bid for Diamond Shamrock in 1986. In defense, it spun off its refining and marketing arm, which retained the Diamond Shamrock name, and the exploration and production company changed its name to Maxus. (Maxus was bought by Argentine oil firm YPF in 1995.) The new Diamond Shamrock, based in San Antonio, went public in 1987.
The company entered the petrochemicals business two years later and in the 1990s added refineries, expanded pipelines, and increased retail gasoline outlets in the Southwest. It splashed out $260 million in 1995 to acquire 661 National Convenience Stores in Texas.
The next year the company merged with Ultramar to form Ultramar Diamond Shamrock. Ultramar was founded in 1935 as Ultramar Exploration Co. Ltd. by four South African gold mining concerns (including Consolidated Gold Fields) to develop Venezuelan oil fields. The company, which worked closely with Texaco, changed its name to Ultramar Co. Ltd. in 1940. It began oil exploration and marketing operations in Canada in the 1950s and marketing operations in the US and Europe in the 1960s. By 1975 Ultramar owned 1,100 gas stations in eastern Canada. During the 1980s oil slump, it struggled and was forced to sell its UK marketer, Ultramar Golden Eagle.
LASMO, a UK oil company, bought Ultramar for about $3.2 billion in a hostile takeover in 1991. The next year LASMO spun off the North American refining and marketing operations as Ultramar Corp. -- the company that ultimately joined with Diamond Shamrock.
In 1997 the new Ultramar Diamond Shamrock acquired Total Petroleum (North America) from TOTAL, bringing it three refineries and some 2,000 gas stations.
As the oil market took a turn for the worse, Ultramar Diamond Shamrock agreed in 1998 to combine its Canadian operations with Petro-Canada, then scrubbed the deal because of Canadian regulatory opposition. It also contracted PG&E to manage its energy purchases and reduce its energy costs over seven years. That year it began a restructuring plan to divest underperforming assets, including 239 convenience stores.
President Jean Gaulin succeeded Roger Hemminghaus as CEO in 1999 (Gaulin became chairman in 2000; Hemminghaus, chairman emeritus). That year the company's plans to merge its operations with those of Phillips Petroleum were called off after the two could not agree on terms. To retrench, it sold its marketing and transportation operations in Michigan to Marathon Ashland Petroleum, but had to close a 50,000-barrel-a-day refinery in Alma, Michigan, because no buyer could be found. In 2000 Ultramar Diamond Shamrock agreed to buy Tosco's Avon refinery in California for $650 million.
Scripophily.com and Old Company Research Press Releases
See Stock Certificate Expert Bob Kerstein, CEO
Subscribe to our New Free RSS New Products Feed in a Reader
discuss Stock Certificates in
Jane Wells discussing the Facebook IPO,
Inside Edition and the
Subscribe to Our New Product Additions Feed by Email
WASHINGTON, DC / NEW YORK -
Scripophily.com / Old Company Stock and Bond Research Service
owns and operates the
Old Stock & Bond Research
Archives from Herzog & Co., Inc (formally RM Smythe research) which was acquired from John Herzog,
founder of the Museum of American Finance and past
Chairman of RM Smythe & Co.
included all RM Smythe Research archives, publishing rights and copyrights on
obsolete research reference material published by the Marvyn
Scudders Manuals, the Robert D. Fisher Manuals, and the Herzog &
Co., Inc. obsolete research services. The old stock research
services have been performed continuously since 1880.
Scripophily.com / Old
Company Research Service was founded by Internet Pioneer, Bob Kerstein,
CPA who is a member of the American Institute of
Certified Public Accountants, Chartered Global Management Accountants, California Society of Certified Public Accountants, and the Virginia Society of Certified Public Accountants. We have been collecting and selling old stock and bond certificates
since 1990. Scripophily.com started operating on the Internet in January
1996 with the goal to promote the history of old companies and help educate everyone about the wonderful hobby of collecting stock
and bond certificates called Scripophily.
We will always maintain our founding commitment to customer satisfaction and the delivery of an educational product with an enjoyable shopping experience. Please
let us know how we may be of service to you.
fully tested by
Norton Safe Web
All Old Stock and Bond
Certificates are actual authentic certificates and are sold only as collectibles.
We do not sell reproductions and offer a lifetime guarantee to the
authenticity of everything we sell.
All Rights Reserved. © 1996 - 2014 Scripophily.com ©, Scripophily.net (tm), Wall Street History - Lost and Found (sm), Bob.com ©, ConfederateBonds.com, CSABonds.com, SavingsBonds.pro (United States Savings Bonds), StockLedger.com, Retro Stocks (tm), Old Company Research (tm), Occupy Wall Space (tm), RM Smythe Stock Research, Stock Research Professional, Business Hall of Fame (tm), Old Stock Certificate Research, Old Stock Exchange ©, Gift of History (sm), Liberty Loans, Liberty Bonds, LibertyBonds.com,
Scudders Manuals, Robert D. Fisher Manuals,
Scripophily Exchange (tm), EBITDA.com., PSTA - Professional Scripophily
Traders Association, Stock Research Service, OldCompany.com, StockCalendar.com, PSTA.COM, Bob Kerstein, CPA, CGMA - The Old Stock Detective © and Encyberpedia ©. You may link to the site, but
please do not copy any images or information without our expressed written permission.
If you are publishing a book for educational purposes or with the press, please
contact us directly at 703-787-3552 for use of our content.