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- Duration: 1:51
- Published: 28 Feb 2010
- Uploaded: 06 May 2011
- Author: jamesnwilson1982
Logo | |
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Caption | Pennzoil's current version of its logo. The company has used variations of this logo since the 1920s. |
Type | Private |
Genre | Automotive service |
Location city | Houston, Texas |
Location country | United States |
Products | Motor Oil |
Services | Motor Oil service |
Parent | Royal Dutch Shell |
Divisions | Jiffy Lube |
Homepage | http://www.pennzoil.com |
The following are products offered from Pennzoil:
In the 1990s, Pennzoil gas experienced a bit of a revival when Pittsburgh area convenience store chain Cogo's began co-branding themselves with Pennzoil. The co-branding only lasted a few years, and Cogo's switched brands to BP and Exxon in 2001.
After Shell's purchase of Pennzoil, there was the possibility that the remaining Pennzoil stations—mostly in western PA—would be converted to Shell as part of the company's aggressive movement to expand nationally. This hasn't happened, but the three company-owned Pennzoil gas stations in the New Castle, Pennsylvania area began co-branding themselves with 7-Eleven in 2003, with more emphasis placed on the 7-Eleven brand name than Pennzoil itself.
As of June 2009, only one Pennzoil/7-Eleven combination remains, as another converted to BP in 2006 while retaining 7-Eleven (a Pennzoil in Ambridge, Pennsylvania also converted to BP at the same time). On June 8, 2009, the other Pennzoil/7-Eleven was sold to private owners and became an independent, unbranded location. There is also a surviving Pennzoil station in Ashtabula, Ohio right off of Ohio State Route 11.
Pennzoil filed a lawsuit that turned out to be a landmark. At first it was adjudicated by Judge Anthony J.P. Farris; it was finished by visiting Judge Solomon (Sol) Casseb of San Antonio. Pennzoil, represented by Joe Jamail and Baine Kerr, won $10.53 billion from Texaco, represented by Dick Miller.
The case was appealed. The decision of the trial court was upheld on condition that Pennzoil file a remittitur agreeing to a reduction of punitive damages from $3 billion, to $1 billion. Compensatory damages of $7.53 billon remained unaffected. Pennzoil paid Mr. Jamail $335 million and Mr. Kerr $10 million for the victory.
Category:Oil companies of the United States Category:Chemical companies of the United States Category:Automotive fuel brands Category:Companies based in Pennsylvania Category:Venango County, Pennsylvania Category:Companies established in 1963 Category:Companies based in Houston, Texas Category:Royal Dutch Shell
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