Getty Oil Company was an American oil marketing company with its origins as part of the large integrated oil company founded by J. Paul Getty. It went defunct in 2012.
History
J. Paul Getty incorporated Getty Oil in 1942.[1] He had previously worked in the oil fields of Oklahoma along with his father George Getty. When George died, he left J. Paul with $500,000 and a projection that he would destroy the family business.[1]
Starting in 1949, J. Paul Getty negotiated a 30-year concession in the neutral zone between Saudi Arabia and Kuwait. Gordon Getty and his family inherited a 40% interest in the company when J. Paul Getty died in 1976.[2][3]
In 1984, after entering into a binding agreement to sell Getty and its 2.3-billion-barrel stockpile of proven oil reserves to