COMPANY·HISTORIES
NAIC 42271

Petroleum Bulk Stations and Terminals

How the companies in this industry began, and the forces that shaped them.

16companies1890–1998founding years14still active2no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironmentHistory
FoundedSunoco, Inc.FoundedSunoco, Inc.
1890
1903
TechnologyThe Wright brothers achieve powered flight.
FoundedUltramar Diamond Shamrock CorporationFoundedUltramar Diamond Shamrock Corporation
1910
1914
EconomyWorld War I begins; global trade reorders.
1929
EconomyThe stock market crashes; the Great Depression spreads worldwide.
1939
EconomyWorld War II begins; wartime production surges.
1945
EconomyThe war ends; a long global expansion begins.
FoundedChinese Petroleum CorporationFoundedChinese Petroleum Corporation
1946
1947
TechnologyThe transistor is invented.
FoundedThe Coastal CorporationFoundedThe Coastal Corporation
1955
1958
TechnologyThe integrated circuit is demonstrated.
1962
EnvironmentSilent Spring launches the modern environmental movement.
1971
EconomyThe dollar leaves the gold standard; currencies float.
1973
EconomyThe OPEC oil embargo triggers a global shock.
1975
TechnologyThe personal-computer era begins.
1979
EconomyA second oil crisis drives inflation higher worldwide.
1981
TechnologyThe IBM PC launches and sets a standard.
1984
TechnologyApple ships the Macintosh; the GUI era begins.
1987
EconomyBlack Monday: markets fall sharply around the world.
1989
HistoryThe Berlin Wall falls; global markets open up.
1991
TechnologyThe World Wide Web is released to the public.
1993
TechnologyThe Mosaic browser brings the web to everyone.
FoundedOAO TatneftFoundedOAO Tatneft
1994
FoundedTransMontaigne Inc.FoundedTransMontaigne Inc.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
FoundedBP p.l.c.FoundedBP p.l.c.FoundedFortum CorporationFoundedFortum Corporation
1998
2000
EconomyThe dot-com bubble bursts.
2004
TechnologySocial media and Web 2.0 take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2008
EconomyThe global financial crisis freezes credit worldwide.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

Sunoco, Inc. →
Active · founded 1890
Sunoco, Inc.
Sunoco, Inc. →
Active · founded 1890
Sunoco, Inc.
Ultramar Diamond Shamrock Corporation →
Active · founded 1910
Ultramar Diamond Shamrock Corporation (UDS), based in San Antonio, Texas, is the second largest independent oil…
Ultramar Diamond Shamrock Corporation →
Active · founded 1910
Ultramar Diamond Shamrock Corporation (UDS), based in San Antonio, Texas, is the second largest independent oil…
Chinese Petroleum Corporation →
Active · founded 1946 · Republic of China
Chinese Petroleum Corporation (CPC) is a state-owned enterprise that is responsible for the Republic of China's…
Chinese Petroleum Corporation →
Active · founded 1946 · Republic of China
Chinese Petroleum Corporation (CPC) is a state-owned enterprise that is responsible for the Republic of China's…
The Coastal Corporation →
Active · founded 1955
The Coastal Corporation, based in Houston with operations in several energy markets, is a Fortune 500 energy company…
The Coastal Corporation →
Active · founded 1955
The Coastal Corporation, based in Houston with operations in several energy markets, is a Fortune 500 energy company…
OAO Tatneft →
Active · founded 1994 · Russia
1970s:Oil production in Tatarstan reaches its peak.
OAO Tatneft →
Active · founded 1994 · Russia
1970s:Oil production in Tatarstan reaches its peak.
TransMontaigne Inc. →
Active · founded 1995
Denver-based TransMontaigne Inc.
TransMontaigne Inc. →
Active · founded 1995
Denver-based TransMontaigne Inc.
BP p.l.c. →
Defunct · founded 1998 · United Kingdom
Formed by the 1998 merger of British Petroleum Company and Amoco Corporation, BP p.l.c.
BP p.l.c. →
Defunct · founded 1998 · United Kingdom
Formed by the 1998 merger of British Petroleum Company and Amoco Corporation, BP p.l.c.
Fortum Corporation →
Active · founded 1998 · Finland
Fortum Corporation is an international energy group formed from the 1998 merger of two state-owned Finnish firms: Neste…
Fortum Corporation →
Active · founded 1998 · Finland
Fortum Corporation is an international energy group formed from the 1998 merger of two state-owned Finnish firms: Neste…
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