INDUSTRIAL.
17
UNION OIL COMPANY OF CALIFORNIA
GENERAL OFFICE: Union Oil Building, Los Angeles, Calif.
CONTROL: Union Oil Associates, a California corporation, owns 57% of the
Common stock.
HISTORY: Incorporated under laws of California, Oct. 17, 1890, as a holding and
operating company. Through exchange of stock, took over the interests of the
Hardison & Stewart Oil Co., the Sespe Oil Co. and the Torrey Canon 0Qil Co.
BUSINESS: Company is engaged, directly and through subsidiaries, in the production,
refining and distribution of petroleum and its products.
Company and its subsidiaries own in fee (or mineral rights in fee) 194,600
acres and hold under lease 60,849 acres—all in the United States. Additional
acreage includes approximately 400,000 acres owned in fee in Colombia, South
America, and a half interest in concessions to approximately 880.000 acres in
Venezuela.
Physical properties include 495 miles of trunk pipe lines, 403 miles of gathering
lines, storage facilities with a capacity of 39,000,000 barrels, 7 refineries
with a normal daily crude through-put and cracking capacity of about 135,000
barrels, 9 natural gasoline absorption plants with a capacity of 135,000,000 cu.
ft. per day, 455 domestic and foreign bulk sales stations and commission agencies
and 574 retail service stations. The movable equipment of the company includes
725 tank cars, 1,240 auto trucks, 245 automobiles and 4 airplanes.
SUBSIDIARIES OWNED: Far West Co, Fort Collins Producing Corp., Compania
La Macarena Co.; Mission Transfer Co. Mission Transp. & Refining Co., Newlove
Oil Co., Producers Transp. Co., Ship Simla Co., Ltd., Union Atlantic Co., Union Oil
Co. of Arizona, Union Oil Co. of Canada, Ltd., Union Oil Co. of Mexico (Tampico),
Union Oil Co. of Mexico (Lower Calif.), Union Oil Co. of Nevada, Union Steamship
Co., Union Transport Co.
CONTROLLED COMPANIES: California Coast Oil Co., Claremount Oil Co., Lake
View Oil Co., Los Angeles Oil Co., Union National Petroleum Co. Southwestern
Dre Co., San Sourci Oil Co.
AFFILIATED COMPANIES: (California Domestic Water Co., Casmalia Ranch Oil
& Dev. Co.,, Dominguez Water Co. John Irwin Oil Co., La Habra Water Co., La
Merced Heights L.and & Water Co., Seventh & Hope Sts. Fireproof Bldg. Co.,
NShipowners & Merchants Tug Boat Co.
OFFICERS: W. L. Stewart, Pres.; L. P. St. Clair, Exec. Vice Pres.; W. W. Orcutt,
R. D. Matthews, Paul N. Boggs, R. J. Keown, Vice Presidents; John Mec-Peak,
Sec'y.; R. J. Keown, Treas.; George H. Forster, Comptroller.
DIRECTORS: L. W. Andrews, P. N. Boggs, Chester W. Brown, E. W. Clark, Paul
M. Gregg, John Earl Jardine, A. P. Johnson, R. J. Keown, A. B. Macbeth, R. D.
Matthews, Malcolm McNaughton, Gurney E. Newlin, W. W. Orcutt, Henry M.
Robinson, L. P. St. Clair, W. L. Stewart, W. L. Stewart, Jr., and Dwight Whiting,
all of Los Angeles, Calif.: I. B. Newton and Stanley W. Morshead. of San
Francisco, Calif.
Fiscal Year Finds: Dec. 31. Annual Meeting: 4th Tues. ~~ .F
PRODUCTION AND E47 INT
Barrels Gross
?roduced Sales Wet Profit Dividends
, 243,018 65,915,21 0,704,047 $6,675,349
270,904 74,378,77° hn 513,21 6,804,000
036,184 79,943,7¢ ,831,6". 7,568,000
389,68 80,273,32. ),048,44¢3 9,475,837
whi was 5,735,845 85,367.77 11,101,935 7,587,320
1929 i. 22,602,287 88,864,519 15,019,635 7,986,338
*Includes profit arising from the sale of certain oil properties, which profit,
however, was almost completely offset by reducing the inventorv value of fuel
3 ITC
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized
.. 325 5,000,000 shs
HISTORY: Original authorized capital, $5,000,000, divided into 50,000 shares of
3100 par value, increased on Dec. 28, 1900, to $10,000,000 and again on Aug. 24,
1908, to $50,000,000; later on July 13, 1920, to $100,000,000, and on March 13, 1924,
to $125,000,000 being the present authorized capital. On May 23. 1924. the par
value was reduced from 2100 per share to £25 per share
Common Stoek ______
Provisions: Fully paid and subject
to assessment only when and in the
vent that the stockholders authorize
it by amendment to the Articles of Inrorporation.
Dividends: $2 per share, payable
quarterly, Feb., May, Aug. and Nov. 10,
since Feb. 10, 1926. Extra 50c per
share Feb. 10, 1927. Stock dividends
of 1% quarterly since Dec. 20, 1929.
Ex-Dividend Date: About Jan. 16,
Are
Transfer Agent: Office of Company
and Guaranty Trust Co., New York.
Registrars: Security-First National
Bank, Los Angeles: Central Hanover
Bank & Trust Co., New York.
Number of Stockholders: 9,803.
Listed on: Seattle, San Francisco,
[Los Angeles and New York Stock Exchanges.
Price Range: *7730
High _. son pemsniavavind
LOW eee 1 4
To June ?
