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Eastern Petroleum history
Eastern Petroleum company history timeline
The company was founded by L. W. Locke in 1956.
World oil prices were so low that Iran, Venezuela, and Arab oil producers banded together in 1960 to form OPEC, the Organization of Petroleum Producing States, a producers' cartel, to negotiate for higher oil prices.
Until the oil crisis of 1973, the members of the Seven Sisters controlled around 85% of the world’s known oil reserves.
The sharp slide in world oil prices was one of the factors that led Iraq to invade neighboring Kuwait in 1990 in a bid to gain control over 40 percent of Middle Eastern oil reserves.
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Eastern Petroleum competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Drake Petroleum Company, Inc. | 1958 | $18.0M | 100 | - |
| Prima Marketing LLC | 1998 | $105.6M | 800 | - |
| Go! Retail Group | 1993 | $130.0M | 560 | 32 |
| Victory Lane Ford | 1948 | $6.6M | 35 | - |
| Big Wheel Bikes | - | $610,000 | 10 | - |
| United Refining Inc | - | $2.1B | 4 | - |
| Sunshine Discount V | - | $570,000 | 3 | - |
| Ritters Frozen Custard | 1989 | $710,000 | 35 | - |
| Milwaukee Frozen Custard | - | $1.9M | 75 | - |
| Food Circus Super Markets Inc | 1955 | $9.0M | 49 | 3 |
Eastern Petroleum history FAQs
Zippia gives an in-depth look into the details of Eastern Petroleum, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Eastern Petroleum. The employee data is based on information from people who have self-reported their past or current employments at Eastern Petroleum. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Eastern Petroleum. The data presented on this page does not represent the view of Eastern Petroleum and its employees or that of Zippia.
Eastern Petroleum may also be known as or be related to EASTERN PETROLEUM CORPORATION, Eastern Petroleum and Eastern Petroleum Corporation.