pennzoil s current version of its logo . the company has used variations of this logo since the 1920s . type private genre automotive service headquarters houston texas united states products motor oil for motors services motor oil service parent royal dutch shell plc divisions jiffy lube website www.pennzoil.com pennzoil place which served as the headquarters of pennzoil pennzoil is an american oil company founded in los angeles california in 1913 . in 1955 it was acquired by oil city pennsylvania company south penn oil a former branch of standard oil . in 1963 south penn oil merged with zapata petroleum ; the merged company took the pennzoil name . in 1968 united gas corporation became part of pennzoil . 1 although united gas was a larger company pre merger pennzoil had successfully used a leveraged buyout strategy . during the 1970s the company moved its offices to houston texas . in 1977 a spin off company was formed called pogo which stood for pennzoil offshore gas operators . 2 pennzoil was headquartered in pennzoil place in downtown houston during the 1970s . 3 in 1999 pennzoil s e & p business known as pennzenergy was acquired by oklahoma city based devon energy and the now known as pennzoil quaker was purchased by royal dutch shell group to form sopus shell oil products us . contents 1 gasoline 2 motorsports 3 pennzoil co. v. texaco inc. 4 see also 5 references 6 external links gasoline edit though not much emphasis has ever been placed on gasoline pennzoil does sell gas . 4 in the early parts of the company s history the gas stations were branded as pennzip though they were later changed to pennzoil . for decades pennzoil gas stations were mostly marketed in western pennsylvania western new york northern and eastern ohio and northern west virginia . 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 lasted only 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 . motorsports edit usac national championship drivers al unser and johnny rutherford were sponsored by pennzoil in the chaparral team . rutherford won the indianapolis 500 and the championship in 1980 . from 1983 to 1990 pennzoil sponsored the team penske driver rick mears during his cart world series campaign winning the 1984 and 1988 indianapolis 500 . indycar series driver sam hornish jr. drove for pennzoil sponsored panther racing from 2001 to 2003 . since 2011 team penske driver h lio castroneves hast been sponsored part time by pennzoil most notably at the indianapolis 500 . pennzoil s yellow car livery has been nicknamed the yellow submarine . in the nascar sprint cup series dale earnhardt inc. had a pennzoil sponsorship for steve park in their no. 1 car from 1998 to 2003 . richard childress racing driver kevin harvick had a pennzoil sponsorship from 2007 to 2010 . penske racing took over the pennzoil sponsorship in 2011 with kurt busch and in 2012 it was moved over to a. j. allmendinger and to joey logano in 2013 . in the american le mans series audi sport north america was used pennzoil ultra lubricants brand in 2003 until 2008 . pennzoil has been the title sponsor of the grand prix of houston since 2013 . in the formula one pennzoil is the official lubricant partner for haas f1 team since 2016 and also scuderia ferrari since 2012 only for american races . pennzoil co. v. texaco inc. edit in 1984 pennzoil made an informal but binding contract with getty oil to purchase a large portion of getty oil in order to give pennzoil rights to getty s oil deposits . 5 following the deal the texaco oil company operating under the belief the deal was not yet final encroached on the complex merger in an attempt to acquire getty for itself . 6 pennzoil sued texaco in texas state court alleging that texaco tortiously induced getty to breach the contract with pennzoil . at first it was adjudicated by judge anthony j.p. farris ; it was finished by visiting judge solomon sol casseb of san antonio . a jury awarded pennzoil represented by joe jamail and baine kerr 7.53 billion in compensatory damages and 3 billion in punitive damages . under texas law pennzoil could secure a lien on all of texaco s property in the state unless texaco posted a bond that covered the judgment interests and costs of the lawsuit estimated to be 13 billion . 7 before judgment could be entered in the texas court and pennzoil could obtain a lien texaco filed a suit in the u.s. district court for the southern district of new york alleging that the texas proceedings violated texaco s constitutional rights . the district court found for texaco and the second circuit affirmed . 8 pennzoil appealed the federal court case to the united states supreme court . laurence h. tribe argued for pennzoil whereas david boies argued for texaco . the supreme court reversed the circuit court decision on the grounds that the new york court should have abstained interfering with the decision of a state court . 9 texaco also appealed the texas state court decision . the texas court of appeals upheld the jury verdict but found that the trial court had abused its discretion by not suggesting a remittitur reduction of damages . it would allow the verdict to stand if pennzoil filed a remittitur of two billion dollars making the punitive damages award 1 billion . 10 compensatory damages of 7.53 billion remained unaffected . pennzoil paid mr. jamail 335 million and mr. kerr 10 million for the victory . after texaco filed for bankruptcy pennzoil agreed to settle the case for 3 billion . 11 see also edit houston portal companies portal energy portal getty oil jiffy lube shell oil company windmill quaker state references edit pennzoil . texas state historical association together with the university of north texas s university libraries . retrieved december 19 2013 . in 1965 the liedtke brothers achieved the dramatic takeover of united gas corporation a company five times the size of pennzoil . among united gas corporation s affiliates were the united gas pipeline company of shreveport ... union producing company ; duval corporation ... and atlas processing company . in 1968 united gas was merged into pennzoil and the firm was renamed pennzoil united incorporated . w.c. liedtke ; co founder of pennzoil . los angeles times . 4 march 1991 . general conditions and legal notices . pennzoil . february 14 1998 . retrieved on january 17 2010 . http articlesguidance.org the complete history of pennzoil y7h4s petzinger jr. thomas 1988 . oil and honor the texaco pennzoil wars . new york new york berkley . isbn 0 425 11172 5 . beatty jeffrey 2008 . legal environment . mason ohio south western cengage learning . p. 144 . isbn 978 0 324 78654 5 . pennzoil co. v. texaco inc. 481 us 1 5 1987 . pennzoil co. v. texaco inc. 481 us 1 5 6 1987 . pennzoil co. v. texaco inc. 481 us 1 10 18 1987 . texaco inc v. pennzoil co. 729 sw 2d 768 785 866 1987 . lewin tamar december 19 1987 . pennzoil texaco fight raised key questions . new york times . retrieved march 3 2013 . external links edit wikimedia commons has media related to pennzoil . official website v t e features of venango county pennsylvania people charles almanzo babcock orrin dubbs bleakley john wilkes booth mai rogers coe cornplanter william holmes crosby charles vernon culver hildegarde dolson william l. durkin albert gallatin egbert frank evans gabby gabreski john galbraith leon h. gavin calvin willard gilfillan alexander hays samuel hays stevin hoover john w. howe shauna howe willis james hulings chris kirkpatrick johnny appleseed kathryn kuhlman rolland lawrence ted marchibroda alexander mcdowell james h. osmer spencer peterson arnold plumer jesse l. reno abbie g. rogers henry h. rogers milton william shreve joseph c. sibley dave smalley peter moore speer tubby spencer ida m. tarbell john wesley van dyke howard zahniser geography allegheny river clear creek state forest cornplanter state forest east sandy creek french creek oil creek history drake s well fort franklin fort le boeuf fort machault fort venango mcclintocksville petroleum industry pithole pontiac s rebellion uss venango wamsutta oil refinery national register of historic places industry joy mining machinery pennzoil quaker state attractions applefest custaloga town debence antique music world drake well museum oil creek state park oil region astronomical observatory franklin silver cornet band venango regional airport v t e royal dutch shell divisions and subsidiaries current asiatic petroleum company shell australia shell canada shell chemicals shell gas & power ireland shell nigeria shell oil company shell pakistan former mexican eagle petroleum company joint ventures current aera energy albian sands brunei lng motiva enterprises oman lng pearl gtl sakhalin energy former cellana shell mex and bp brands jiffy lube pennzoil quaker state rain x shell v power people m. king hubbert fred meissner gale norton jorma ollila rob routs jeroen van der veer peter voser facilities and places asiatic petroleum building brent spar mars montreal east refinery proposed pittsburgh ethane cracker plant rocky mountain arsenal scotford upgrader shell building shell haven shell mera shell centre shell centre calgary shell development emeryville shell mex house one shell plaza one shell square plaza shell controversies corrib gas controversy movement for the survival of the ogoni people ken saro wiwa wiwa v. royal dutch shell co. other answer man club foundation guides in situ conversion lennard s carrying v asiatic petroleum novelty service station spectacular sign turbo chargers category commons retrieved from https en.wikipedia.org w index.php title pennzoil & oldid 743747250 categories oil companies of the united stateschemical companies of the united statesamerican brandsautomotive fuel brandscompanies based in venango county pennsylvaniaamerican companies established in 1963companies based in houstonroyal dutch shell subsidiariesmotor oils1963 establishments in pennsylvaniahidden categories commons category with page title same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages norsk bokm l simple english edit links this page was last modified on 11 october 2016 at 01 23 . text is available under the creative commons attribution sharealike license ; 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