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per cent of the company, giving Gulf the controlling interest. In 1956, Gulf merged its
Canadian subsidiary with British American in a deal the gave the illusion of the Canadian company acquiring the American. To merge the companies, British American issued 8.3 million shares (valued at $ 55.6 million) to the Gulf Oil Corporation, and then used the money to acquire Canadian Gulf Oil. Gulf Oil held a 59.8 per cent stake in the new merged entity. Recent changes to Canadian tax law allowed buyers to access unused tax write-offs of companies they acquired. Canadian Gulf had considerable unused write-offs, and thus British American was able to decrease its income tax by $ 29.7 million.
190:. The company was by then marketing a variety of products, including gasoline, motor oil, benzene, anti-freeze, and others under a variety of brands, both in-house and from other companies. In 1924 B/A entered the U.S. as a producing company with the formation of the Toronto Pipeline Company. In 1925 B/A formed the British-American Oil Producing Company in
299:, and the company's tanker fleet expanded to 22. B/A constructed a new eight-storey headquarters building in Toronto. In 1955 the company's oil production reached a record 10.5 million barrels and its reserves of 113 million barrels of crude oil and 404 billion cubic feet of gas, with the total annual refinery output exceeding 33 million barrels.
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Following the merger, Gulf Oil continued to increase its stake in
British American. In 1958, as part of an issuance of 2 million shares, it grew its holdings to 57.8 percent. Then in 1962 Gulf purchased another 1.8 million shares, bringing its ownership to 62.2 percent. By 1968 it owned 68.9 per cent
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In 1922, Ellsworth, together with several partners, established the Clear Vision Pump
Company Limited (CVPC), which amongst other products was the first pump that provided a visual check of the gasoline being dispensed. CVPC acquired similar companies in Canada and the United States which led to the
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Gulf Oil
Corporation had begun operating in Canada in 1942, and in 1944 created a subsidiary called Canadian Gulf Oil Company. Gulf started purchasing British American stock in the 1940s, making an initial acquisition of 247,672 shares, and later raising its stake to 2,322,811. This equated to 25.6
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By the 1960s, B/A owned and operated over 9,300 service stations, approximately 25% of all stations in Canada. These were operated under names that included B/A, Anglo-Canadian, Purity 99, Red Head, and
Royalite. B/A established the Purity 99 Oil Company Limited to manage the marketing of all of
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In 1908, with 8 shareholders, B/A built Canada's third refinery on 3 acres on the eastern waterfront in
Toronto. The company refined imported crude oil and its main product was kerosene; a then-useless by-product was gasoline, which was dumped into a swamp. B/A acquired a Dominion Charter which
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133:, with British American using the latter's name. In 1969 British American amalgamed with its subsidiaries into a new company called Gulf Oil Canada Limited. After several name changes ending at Gulf Canada Resources Limited, the company was acquired in 2001 by
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as well as west into other provinces. Expansion was swift, with the refinery expanding to 40 acres and crude oil production was up to 32,000 barrels per month. Most of the product was hauled on horse-drawn wagons and in wooden barrels by rail.
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During the 1940s, 1950s and 1960s, in addition to petroleum products, B/A also issued its own credit cards, road maps, monthly Timely
Station Topics Magazine and B/A Commentator Magazine, and sponsored a television game show.
272:. In 1946 B/A expanded its operations from coast to coast with the purchase of the Canadian assets of Union Oil Company of Canada, including the former British Columbia Refining Company Ltd. refinery in
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in 1934 to extract gasoline from "wet gas", a mixture of natural gas and gasoline. B/A also built pipelines from well-heads to refineries as well as purchasing several oil refineries in
Alberta, and
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in
Toronto, shareholders voted to merge British American, Royalite, and Shawinigan into a single company called Gulf Oil Canada Limited. The new entity was officially incorporated on 1 April 1969.
264:, B/A provided more than 100 large storage tanks at various locations along the highway to provide the U.S. Army Corps of Engineers with fuel. B/A expanded in the U.S. with wells near
170:. The company was organized with a Province of Ontario Charter dated October 17, 1906, and its first office building was located at the corner of King and Yonge Streets in Toronto.
233:, Alberta, it operated 5 ocean tankers, 5 lake tankers, and 450 railway tank cars. B/A's subsidiaries extended into several U.S. states, including wells on the grounds of the
260:. B/A constructed a gas re-pressurizing and recycling system at Longview, Alberta to conserve the declining resources of the Turner Valley Field. During construction of the
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334:, the Anglo-American Exploration Company Limited, and Superior Propane Limited. In 1968 it acquired a 33 per cent interest in Shawinigan Chemicals from Gulf Oil.
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In the 1950s, senior management at B/A became more integrated with Gulf Oil Corp as Gulf's ownership increased. New refineries were opened in
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formation of the
Service Station Equipment Company Limited in 1927, later renamed International Metal Industries Limited.
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of Pittsburgh had become British American's controlling shareholder. In 1956 Gulf merged its Canadian subsidiary, the
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217:, the Britamolene, the Britamette, the Britamlube, and the Britamaco. B/A built Canada's first absorption plant at
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was a Canadian integrated petroleum company that operated between 1906 and 1969. British American was founded in
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service, and B/A completed the Montreal–Portland pipeline to provide year-round delivery of crude oil from
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Canada's Early Oil Industry - A Brief History, Petroleum History Society, Archives Newsletter June 2000
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In 1962, British American made a series of acquisitions of major Canadian companies. These included
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their stations; Royalite managed the service operations; and B/A the production and supply.
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In 1966, B/A sold its remaining US assets, the British-American Oil Producing Company, to
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In 1920, B/A purchased the Winnipeg Oil Company and established regional headquarters in
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In the 1930s, B/A established its own fleet of tanker ships to operate on the
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City of Port Moody, Minutes - Regular Meeting of Council, September 11, 2012
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At a special meeting of the shareholders held on 15 November 1968 at the
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of British American, bringing its total investment to $ 440 million.
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to develop producing oil fields which were then being discovered in
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The History of Foreign Investment in the United States, 1914–1945
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446 F. 2d 745 - Chared Corporation v. United States, Open Jurist
158:, in 1906 by Albert Leroy Ellsworth (1876–1950). He was born in
473:, Chapter 5, note 333. Harvard University Press, 2004.
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Royalite Oil Company Ltd., Alberta Online Encyclopedia
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Controlling Interest: The Canadian Gas and Oil Stakes
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389:William Kepler Whiteford Sr., 1950–1951
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367:Ernest Delwin Brockett Jr., 1958–1959
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174:allowed it to expand eastward into
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386:Albert Leroy Ellsworth, 1943–1950
355:Albert Leroy Ellsworth, 1906–1943
441:History of British American Oil
370:Edward Dean Loughney, 1960–1964
125:(1876–1950). By the 1950s, the
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310:-based Chared Corporation.
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318:Merger with Canadian Gulf
131:Canadian Gulf Oil Company
93:British American Building
44:17 October 1906
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258:Montreal East Refinery
235:Oklahoma State Capitol
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237:building.
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71:1969-04-01
48:1906-10-17
350:President
297:Moose Jaw
254:Venezuela
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293:Edmonton
250:Atlantic
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219:Longview
196:Oklahoma
192:Delaware
188:Manitoba
184:Winnipeg
168:New York
107:, Canada
31:Industry
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256:to the
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223:Alberta
215:(photo)
164:Buffalo
160:Welland
156:Ontario
152:Toronto
141:History
119:Toronto
105:Ontario
101:Toronto
82:Became
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56:Founder
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135:Conoco
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