Continental Oil Company

  

Continental Oil Company

Headquarters of Conoco in Albany, New York
Type	Public state-owned enterprise
Traded as	NYSE: COC
Industry	Oil and gas
Founded	1875 (1875)
Headquarters	Albany, New York, American CR, United Commonwealth
Area served	Global
Key people	TBD (President & CEO) TBD (Chairman)
Products	Petroleum Natural gas Petrochemical derivatives
Revenue	UC$ billion (2021)
Operating income	UC$594.29 billion (2021)
Net income	UC$61.98 billion (2021)
Total assets	UC$130.65 billion (2021)
Total equity	UC$209.12 billion (2021)
Owner	Government of the United Commonwealth
Subsidiaries	Union Tank Car Company

The Continental Oil Company, known as Conoco for short, is the publicly traded national oil company of the United Commonwealth. Founded in 1875, it was known as the Continental Oil and Transportation Company (1875–1884), Continental Standard Oil (1884–1920), and the Continental Oil Company (Conoco) since 1920. It is one of the largest oil companies in the world, is the sole developer of the petroleum and natural gas industry in the United Commonwealth, also manufactures various petrochemical products, and runs a chain of gas stations in the United Commonwealth, Quebec, Tournesol, and the Maritimes. Conoco is involved in developing oil and gas fields and refinement facilities in over 50 other countries as well, and owns stock in several other oil companies. Although it is publicly traded on the New York Stock Exchange the majority of its stock is always owned by the Government of the United Commonwealth.

Conoco is directly controlled by the Continentalist Party of the United Commonwealth (CPUC), which appoints its senior officers and board of directors. In the 1980s the Continental government began selling 49% of Conoco's issued stock on the New York Stock Exchange to allow the company to do business in the CAS.

History

It was founded in 1875 as the Continental Oil and Transportation Company before being acquired by John D. Rockefeller's Standard Oil in 1884. For several decades it was part of the largest company in the American Commonwealth. However, in 1920, Standard Oil was taken over by the Continentalists and was nationalized, being reformed under one of its former brands as the "Continental Oil Company" (Conoco). This makes the modern company the main successor of Rockefeller's Standard Oil. After the Continental Revolutionary War it was the largest of the government-owned corporations in the United Commonwealth for many decades, and after the Great War it expanded its business in other countries around the world, mostly those that were either non-aligned or part of the Eastern Bloc. It became an instrument of U.C. diplomacy in the global south during the Cold War, as Conoco offered to provide technical expertise to many newly-independent countries that were former colonies and were looking to take advantage of their oil and gas resources, but lacked the means to do so.

The former transportation division of the company is now the Chicago-based Union Tank Car Company, which manufactures tank cars for transporting oil and other liquids or gases.

Conoco brand

A Conoco gas station in Farm Ridge, Illinois.

The company owns a series of gas stations and convenience stores across the United Commonwealth and the rest of Eastern North America, under the name "Conoco" (properly pronounced CON-oco, not Co-NO-co or CO-noco).

See also

This page uses material from the Wikipedia page Conoco, which is released under the Creative Commons Attribution-ShareAlike 3.0 Unported License (view authors).