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Buckeye Partners, formerly known as the Buckeye Pipeline Company, is a distributor of petroleum in the East and Midwest areas of the United States. A direct descendant of Standard Oil, the company is considered one of the largest independent oil pipelines in the United States. [ 3] Its global headquarters is located in Houston 's River Oaks ...
Owner. John B. Hess (9.5%) [ 2] Number of employees. 1,623 [ 1] (2022) Website. hess .com. Hess Corporation (formerly Amerada Hess Corporation) is an American global independent energy company involved in the exploration and production of crude oil and natural gas. [ 3] It was formed by the merger of Hess Oil and Chemical and Amerada Petroleum ...
ExxonMobil is mostly composed of the Standard Oil Company of New Jersey (Jersey Standard) and the Standard Oil Company of New York (Socony). The two companies partnered on a semi-frequent basis during their infancy before pursuing mergers and acquisitions, with Jersey Standard buying Texas-based Humble Oil and Socony merging with Standard descendant Vacuum Oil to form Socony-Vacuum. [3]
A few weeks ago I wrote about the three important reasons why investors should consider buying the high-yielding units of Buckeye Partners . While I like Buckeye a lot, it's not my favorite income ...
Buckeye Partners, L.P. is quietly building a logistical solutions provider for the global movement of oil products. The company has most of the eastern seaboard covered and it has pushed into much ...
I've been taking a deeper look at Buckeye Partners' three business segments. In today's final article we'll take a deeper look at Buckeye services. This segment includes a variety of assets ...
United States v. Standard Oil Co. of New Jersey, 173 F. 177 ( C.C.E.D. Mo. 1909) The Standard Oil Company conspired to restrain the trade and commerce in petroleum, and to monopolize the commerce in petroleum, in violation of the Sherman Act, and was split into many smaller companies. Several individuals, including John D. Rockefeller, were fined.
The 10-second takeawayFor the quarter ended March 31 (Q1), Buckeye Partners beat expectations on revenues and whiffed on earnings per share. Compared How The Wheels Came Off Buckeye Partners' Bus