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Topic: Getty Oil

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In the News (Thu 25 Apr 19)

  History's Biggest Takeover? - TIME
Getty Oil is the biggest piece of the family fortune left by Jean Paul Getty, who died in 1976.
Gordon Getty, 50, youngest of three surviving sons, inherited 13% of the family oil business but, until the past year or so, scarcely seemed interested in it.
Getty, of course, did not have to worry about where his next five-course meal was coming from; his Getty Oil dividends alone paid him $28 million annually.
www.time.com /time/magazine/article/0,9171,921502,00.html   (667 words)

  The Gulliver Getty Oil Co Dossier
Getty's prime involvement in the nuclear industry is through uranium mining, but in 1968 it did take a stake in nuclear fuel reprocessing too (2).
In the Philippines, Getty Oil received a concession to explore the Camarines Norte area for uranium in 1977 (19); an exploration development contract was to be signed by January 1978 (20).
After the oil boom, his path was firmly set for him to become the owner of four million shares of Getty Oil and sole trustee of the Sarah C Getty Trust with another eight million shares.
www.sea-us.org.au /gulliver/gettyoil.html   (1154 words)

  J. Paul Getty - Facts, Information, and Encyclopedia Reference article
Jean Paul Getty (December 15, 1892 – June 6, 1976) was an American industrialist and founder of the Getty Oil Company.
Getty married five times: to Jeanette Tremont (1923–25), Allene Ashby (1926–28), Adolphine Hemle (1928–32), Ann Rork (1932–35), and Theodora Lynch.
Getty fully acknowledges this in his autobiography, I enjoyed the advantage of being born into an already-wealthy family, and when I began my business career I was subsidized by my father.
www.startsurfing.com /encyclopedia/j/_/J._Paul_Getty_9675.html   (751 words)

 J. Paul Getty Biography
Jean Paul Getty was born on December 15, 1892, in Minneapolis, Minnesota.
His father, George Franklin Getty, was a lawyer, but in 1904 he moved his wife, Sarah Risher Getty, and his son to the Oklahoma territory to begin a successful career in the oil business.
Getty was a celebrity, and public interest, fueled by envy and admiration, focused on Getty's tragedies as well as his billions.
www.notablebiographies.com /Fi-Gi/Getty-J-Paul.html   (716 words)

 USATODAY.com - Billionaire Getty dies   (Site not responding. Last check: )
Getty, Britain's leading patron of good causes, died in a London hospital where he was being treated for a chest infection.
Getty was admitted to the London Clinic on Monday for treatment of a recurrent infection and died Thursday morning, Dr. John Goldstone said.
Getty was given the honorary title of Knight Commander of the Most Excellent Order of the British Empire in 1986 for services to charity, but could not be called Sir Paul then because he was not a British citizen.
usatoday.com /money/2003-04-17-getty-obit_x.htm   (751 words)

 BBC NEWS | Business | Unravelling Getty's billions
The legendary oil man, whose son Sir John Paul Getty II died on Thursday in a London hospital, was the driving force behind the Getty empire.
The Getty dynasty was founded by Sir Paul's grandfather George Franklin Getty, a Minneapolis lawyer, who moved his family to Oklahoma and then to Los Angeles to seek his fortune in the oil business.
Getty's Western Pacific Oil Corporation was given access to the Saudi half of the neutral zone between Saudi Arabia and Kuwait.
news.bbc.co.uk /1/hi/business/2957273.stm   (654 words)

 Obituary - 2003 Sir Paul Getty
Getty's tastes found complete expression at Wormsley, the 3,000-acre estate in the Chilterns, on the Oxfordshire-Buckinghamshire border, and previously the seat of the Fane family, which he bought in 1984 for £4 million.
Getty senior, reputed in his day to be the richest man in the world, died in 1976.
Paul Getty married thirdly, in 1994, Victoria Holdsworth, the daughter of a Suffolk farmer who served with distinction in the Special Operations Executive; she was widely credited with aiding his gradual re-emergence into public life.
64-baker-street.org /obituaries/obit_2003_paul_getty.html   (1941 words)

 J. Paul Getty Summary
Getty saw himself as a modern oil man, relying on geological data and not simply on the instinct of the experienced veterans, but he also thrived on the excitement, gamble, risks, and high stakes of the oil business.
Getty had a majority or controlling interest in Getty Oil and its nearly 200 affiliated and subsidiary firms, and he remained its president until his death in 1976.
Getty complained about the fame, the requests for money, and the assumption that he would pick up every restaurant check, but he also furthered his own legends: he wrote articles on such topics as "How To Be Rich" and pretended to poverty by wearing rumpled suits and threadbare sweaters.
www.bookrags.com /J._Paul_Getty   (2006 words)

 The Getty: For Better and Worse - The New York Review of Books
Getty's curious mixture of detachment and obsessiveness, so evident in his fitful collecting habits, became more pronounced in his long-distance micromanagement of the museum-building project to which he devoted his final years and ultimately most of his worldly goods.
Getty's taste in architecture was as conservative as his taste in art, but his decision to replicate an ancient Roman country house for his museum struck most art and architecture professionals as perverse in the extreme.
The Getty's petro-jackpot inspired its board of trustees in 1981 to appoint a new president and CEO, Harold Williams, an attorney and a former head of the Securities and Exchange Commission, to whom it gave the mandate to expand the institution's activities beyond the founder's original directive to collect and display art.
www.nybooks.com /articles/19603   (4939 words)

 Oil Baron Getty Revealed as Hitler Fan | Culture & Lifestyle | Deutsche Welle | 02.09.2003
Jean Paul Getty made his first million three years after graduating from college, married and divorced five times, collected art with a passion and was reputed to be the richest man in the world at his death.
Getty and his war-time activities show up in a "suspect persons" dossier that was prepared by a New York-based security team that was part of Britain's Foreign Office for the Ministry of Economic Warfare.
Getty appears to have been at the center of a shadowy group of financiers that provided support to Nazi Germany in the early days of World War II.
www.dw-world.de /english/0,3367,1441_A_961176_1_A,00.html   (745 words)

 USATODAY.com - The Getty family is back in business   (Site not responding. Last check: )
It is doubtful J. Paul Getty, founder of Getty Oil, could have foreseen one of his descendents pioneering a cutting-edge business venture in the 21st century.
Mark Getty says the seeds for Getty Images were first sown in 1984 after his father and uncles decided to sell Getty Oil, for decades a top-performing stock, to Texaco for $10.1 billion.
While still a far cry from running a business on the scale of Getty Oil, Getty says he feels a sense of satisfaction that the Getty family name again is associated with a thriving enterprise that has a potentially lofty future.
www.usatoday.com /money/companies/2004-03-14-getty_x.htm   (1521 words)

 Who Owns The West? Mining Claims in America's West
Getty Oil Co is one of 92,125 beneficiaries of a 132-year-old federal mining law that gives away precious metals, minerals, and even the title to the land itself for less than $10 an acre.
Getty Oil Co owns the minerals under an estimated 1,756 acres of claimed land, and gained title to an estimated 763 acres of lands previously owned by the public giving Getty Oil Co more total land holdings (claims and patents) than 98.9% of all other mining interests.
Getty Oil Co is one of 63,768 beneficiaries of a long-standing federal subsidy called "patenting" that allows mining interests to purchase public land for no more than $5 an acre.
www.ewg.org /mining/owners/overview.php?cust_id=-1296636   (521 words)

 Obituary - 2003 Sir Paul Getty
Getty's tastes found complete expression at Wormsley, the 3,000-acre estate in the Chilterns, on the Oxfordshire-Buckinghamshire border, and previously the seat of the Fane family, which he bought in 1984 for £4 million.
Getty was appointed an honorary KBE in 1986.
Getty senior, reputed in his day to be the richest man in the world, died in 1976.
www.64-baker-street.org /obituaries/obit_2003_paul_getty.html   (1941 words)

 [No title]
Getty owns land in Garfield and Mesa Counties in Western Colorado containing significant oil shale reserves and holds conditional water rights for the water necessary to develop its oil shale operations.
Getty is currently not extracting the oil shale reserves due to adverse economic conditions.
Getty filed an Application for Finding of Reasonable Diligence on October 31, 1995, to maintain its conditional water rights, pursuant to section 37-92-301(4)(a)(I), 10 C.R.S. (1999). The Subdistrict opposed Getty’s application and a trial was held before the water court.
www.courts.state.co.us /supct/opinions/1999/99SA75.doc   (3380 words)

 J. Paul Getty - MSN Encarta
Paul Getty (1892-1976), American oil executive and financier Jean Paul Getty was born in Minneapolis, Minnesota, and educated in California and at the University of Oxford.
He became an independent oil producer in 1914 and held presidential and directorial positions with several oil companies between 1930 and 1936.
Paul Getty Museum, opened in 1974 on his estate in Malibu, California, and relocated in 1997 to the new Getty Center in Los Angeles.
encarta.msn.com /encyclopedia_761572486/J_Paul_Getty.html   (152 words)

 CNN - Who was J. Paul Getty? - December 16, 1997
Getty graduated Oxford in 1913, and two years later cut perhaps the best deal of his life: For $500, he bought half interest in a land lease in Oklahoma -- for land rich in oil.
Getty's collection grew, although, as Los Angeles Times art critic Suzanne Muchnic said, he was known as "a bit of a Scrooge when it came to paintings." In 1951, Getty moved to Europe and installed a pay phone in his mansion, encouraging such labels.
Getty's wish, however, was to be remembered not for his eccentricities, but rather "as a man who was well-rounded," he once said.
www.cnn.com /TRAVEL/NEWS/9712/16/getty.opening/getty.man/index.html   (555 words)

 Ride For Life | News Center | Moody Covey, 72; former key offcial in Getty Oil
Moody Covey, 72; former key offcial in Getty Oil
The cause of death was amyotrophic lateral sclerosis, which had been diagnosed in March, said his wife, Betty Lou.
Following his father into the oil business, he began his career in Drumright, Okla., for Tidewater Oil Co. Tidewater merged in 1967 with Getty Oil Co., and Mr.
www.rideforlife.com /news/passages/moody_covey_72_former_key_offcial_in_getty_oil.html   (378 words)

 CNN.com - Billionaire John Paul Getty dies - Apr. 18, 2003
Getty was a great benefactor to the arts and had a renowned library, which included many originals including works by Shakespeare.
Getty's second wife, Bali-born model Talitha Pol, died in 1971 of an accidental drug overdose in Rome.
In 1972, John Paul Getty II moved to Britain where for many years he lived alone in a mansion on the bank of the River Thames in Chelsea.
www.cnn.com /2003/WORLD/europe/04/17/getty.death/index.html   (618 words)

 Getty's gift displays great art in greater setting
The Getty Museum's entrance facade is shown from the tram arrival plaza at the Getty Center.
He had started in the oil business as a roustabout on someone else's rigs in Oklahoma before striking it rich as a "wildcatter" -- an independent oil producer -- and lease broker in Oklahoma before World War I. But the "someone else" was his father, George Franklin Getty.
Getty was a notorious skinflint even when it came to his art collection.
www.post-gazette.com /travel/20020915getty0915trp7.asp   (1636 words)

 Famous Philanthropists and the Foundations They Built - Part 1 - J. Paul Getty, Getty Trust
Getty went against the grain of the oilmen of the time, utilizing geological data instead of relying solely on the instinct of veteran oilmen.
He went back to buying and selling oil leases with his father in 1920 and began to amass his personal fortune, including a one-third interest in what was to become the Getty Oil Company.
Getty had a knack for business deals and by 1953 he had obtained control of Mission Corporation and its holdings in Tidewater Oil and Skelly Oil Company.
www.plannedlegacy.com /newsletter/getty.html   (896 words)

Oil, gas and chemical workers had worked longer and harder than usual during the war to meet production demands and now wanted to return to a 40-hour work week.
Paul Getty, richest man in world in 1957, had initially refused to pay his 16-year-old grandson's $17 million ransom, finally agreed to cooperate after boy's severed right ear sent to newspaper in Rome; eventually paid $2.7 million, the maximum amount that he claimed he was able to raise.
Oil Baron of the Southwest: Edward L. Doheny and the Development of the Petroleum Industry in California and Mexico.
www.kipnotes.com /Oil.htm   (6723 words)

 J. Paul Getty Jr. Dies At 70 - Forbes.com   (Site not responding. Last check: )
The bulk of Getty's fortune was his part of the family trust, which became worth about $1 billion after the $10 billion sale of Getty Oil to Texaco in 1984, at the time, the largest acquisition in U.S. history.
Getty even used his inheritance to purchase painting masterpieces for British museums so that the Getty Museum, established by his father in Malibu, Calif., wouldn't be able to purchase them.
Getty's two other children are Mark, cofounder and executive chairman of Getty Images (nyse: GYI - news - people), and Ariadne.
www.forbes.com /home/2003/04/17/cz_rl_0417getty.html   (754 words)

 John Paul Getty's grave
John P Getty's grave in the gardens at the Getty Museum Malibu.
Jean Paul Getty was an American industrialist and founder of the Getty Oil Company.
Getty married five times: to Jeanette Dumont (1923–25), Allene Ashby (1926–28), Adolphine Helmle (1928–32), Ann Rork (1932–35), and Theodora "Teddy" Lynch.
www.hollywoodusa.co.uk /MemorialParks/gettymuseum.htm   (291 words)

 LRW Appellate Brief Group 6: Getty Oil v. Ins. Co of N America 841 F2d 1254 CA5 TX 1998
Duncan's survivors brought a wrongful death action in a Texas court against Getty and NL, and Getty filed a cross-claim therein against NL for contribution and contractual indemnification.
After trial, the jury found that Getty alone was responsible for the accident.
Getty settled with the plaintiffs and appealed the denial of its cross-claim.
lrw6.wikidot.com /getty   (466 words)

 Amazon.com: The Great Getty: The Life and Loves of J. Paul Getty--Richest Man in the World: Books: Robert Lenzner   (Site not responding. Last check: )
Getty may have been every bit as terrible a person as he is painted in this book, but there is something not quite impersonal in the writing, as if Getty had somehow offended Lenzner and it seeped into the writing.
Goldman, Sachs becomes part of the Getty story in 1983, when they were approached to find a "white knight" during the power struggle between Gordon Getty and the board of Getty Oil.
Ann Getty, wife of Gordon, is pronounced the best Getty ever - and that she was Lenzner's connection to the family is noted in the preface.
www.amazon.com /Great-Getty-Loves-Getty-Richest-World/dp/0451146999   (1504 words)

 J. Paul Getty Handsigned Check - 1942
Young Getty proved to be a gifted entrepreneur and by 1916 had made his first million, at which point he moved his base of operations to California.
During the 1920s, having accumulated a substantial fortune, he set about gaining control of several large independent oil companies and began building an immense financial empire, a task that was to occupy the remainder of his life.
His most lucrative venture was a 60-year oil concession that he obtained in Saudi Arabia in 1949, the profits from which vaulted him into the billionaire class during the mid-1950s.
www.scripophily.net /getty.html   (540 words)

 Oil & Honor: The Texaco-Pennzoil Wars: Inside the $11 Billion Battle for Getty Oil
In 1984 Texaco bought Getty oil for $9.98 billion, days after the Getty board had made a handshake deal with Pennzoil to sell three-sevenths of its assets for a 10 percent lower price per share.
Oil and honor is an exhaustive and fascinating history, although it falls short of spectacularly engaging.
Thomas Petzinger's first book, Oil and Honor (1987), relates the same story that won him a Pulitzer Prize nomination in 1985 as he covered the story of the buy out Getty Oil by Texaco for the Wall Street Journal.
www.beardbooks.com /beardbooks/oil_and_honor.html   (1066 words)

 Jean Paul Getty | 20th Century American Leaders Database
After accumulating a one-third interest in Getty Oil Company, Getty negotiated for a controlling interest in the company after the death of his father.
Getty went on to merge Tidewater Oil Company, Skelly Oil Company, and the Missouri Oil Company into Getty Oil, which had assets of more than $3 billion in 1967.
In 1949, the daring Getty paid $9.5 million for a sixty-year concession in Saudi Arabia's half of the neutral barren tract lying between Saudi Arabia and Kuwait.
www.hbs.edu /leadership/database/leaders/305   (112 words)

 The History of Getty House
Their intention was to build the corporate headquarters of Getty Oil on the site and thus they sought a variance to the single family residential zoning that had existed since 1911.
However the headquarters were never built and Getty Oil retained ownership to the properties on the block for the next 15 years before selling many of them on the open market.
On November 12, 1975, Stuart W. Evey, vice president, Getty Oil, sent a letter to the city offering 605 Irving to the city in memory of George F. Getty, the eldest son of J. Paul Getty and chief Executive Officer of Getty Oil.
www.gettyhouse.org /History.htm   (764 words)

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