 Success Story
At
Twentieth Birthday
Companies Consolidate Big Operational Gains
The Sinclair
companies emerged from the 1929-1935 depression
with huge gains in every operation and with the
holding company now transiently known as
Consolidated Oil Corporation.
During the six
critical years, the operating units had stepped
up crude oil production by 75 percent, refinery
runs by 51 percent. Marketing flourished in most
states, Cuba, Mexico and Europe. Gasoline sales
of 1¼ billion gallons--up 30 percent--were
matched by balancing disposal of subsidiary
products including, for the first time,
important quantities of natural gas. Internal
research had developed items which
had won an impressive share of the nation's
industrial lubricant business and for a
twentieth anniversary gift impelled Sinclair
forward
 with
Tenol, a pioneer diesel lubricant. The
two-decade anniversary year gross income was
$215 million and the net $16,728,000.
The mere
logistics of serving Sinclair's markets required
14,000 miles of pipelines, 6,446 railroad tank
cars, 100,000 tons of ocean tankers, nine deep
water terminals, 2,170 bulk plants, 8,100
 service stations which were company-owned or held
under long-term lease, 21,000 other retail
outlets and 20,000 employees. In twenty years
Sinclair had achieved its original goal: to
become big.
 This
achievement was followed by another cycle of
frenzied growth and then--world war.
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