Magnolia Petroleum Company founded

April 24th, 1911

On this day in 1911, the Magnolia Petroleum Company was founded as an unincorporated joint-stock association. It was a consolidation of several earlier companies, the first of which, the J. S. Cullinan Company, began operating a refinery at Corsicana in 1898. In 1909 both the Navarro Refining Company, successor to the Cullinan Company, and the Security Oil Company were purchased by the John Sealy Company, which in 1911 became the Magnolia Petroleum Company, with Sealy as president. In 1931, Magnolia became an affiliate of Socony-Vacuum Oil Company. The Magnolia Petroleum Company merged with Socony Mobil Oil Company in 1959. Its operations became part of Mobil Oil Company, an operating division of Socony Mobil.

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Magnolia Petroleum Company founded

April 24th, 1911

On this day in 1911, the Magnolia Petroleum Company was founded as an unincorporated joint-stock association. It was a consolidation of several earlier companies, the first of which, the J. S. Cullinan Company, began operating a refinery at Corsicana in 1898. In 1909 both the Navarro Refining Company, successor to the Cullinan Company, and the Security Oil Company were purchased by the John Sealy Company, which in 1911 became the Magnolia Petroleum Company, with Sealy as president. In 1931, Magnolia became an affiliate of Socony-Vacuum Oil Company. The Magnolia Petroleum Company merged with Socony Mobil Oil Company in 1959. Its operations became part of Mobil Oil Company, an operating division of Socony Mobil.

«   Previous Next   »

Related Handbook of Texas Articles

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With more than 27,000 articles about Texas history, the Texas State Historical Association's Handbook of Texas is the largest online encyclopedia about all things Texas. Now you can celebrate the history of Texas every day by activating your free subscription to Texas Day by Day. Each day's email tells a little bit more of the story of Texas and links to our collection of more than 27,000 articles. It's one of the best ways to learn more about Texas history — in only 15 minutes a day!

Activate your free subscription to Texas Day by Day and you can:

  • Explore Texas history each day in bite-sized pieces conveniently delivered to your inbox each morning
  • Astound your friends with your Texas history prowess
  • Get in-depth looks at some of the overlooked events and landmarks in Texas history
  • Discover new places to explore in the Lone Star State
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