Company type |
|
---|---|
Industry | Petroleum |
Founded | April 24, 1911 |
Founder | Sealy family |
Defunct | 1959 |
Fate | Incorporated into the 'Mobil' division of Socony-Vacuum Co. in 1959 |
Headquarters | , |
Products | Gasoline |
Parent | Standard Oil of New York |
The Magnolia Petroleum Company was an early twentieth-century petroleum company in Texas. The company was established in 1911, being later acquired by the Standard Oil of New York, which operated it as a wholly-owned subsidiary until its demise in 1959.[1][2]