Tracy Shuchart (𝒞𝒽𝒾 )(@chigrl):We have been partners for almost a century. Aramco started in 1933 when Saudi Arabia granted oil exploration rights to the Standard Oil Company of California (now $CVX), leading to the creation of the California Arabian Standard Oil Company. SOCAL was later joined by the Texas Oil Company (Texaco, now a subsidery of $CVX), the Standard Oil Company of New Jersey (now $XOM), and Socony-Vacuum Oil Company (now also $XOM).

2026.09.19 22:04

We have been partners for almost a century. Aramco started in 1933 when Saudi Arabia granted oil exploration rights to the Standard Oil Company of California (now $CVX), leading to the creation of the California Arabian Standard Oil Company. SOCAL was later joined by the Texas Oil Company (Texaco, now a subsidery of $CVX), the Standard Oil Company of New Jersey (now $XOM), and Socony-Vacuum Oil Company (now also $XOM).

Big Picture Entropist@Lobster3142

2026.09.19 21:45

@chigrl @CoffeeandaMike the correct question is "why wouldn't USA just take Saudi Arabia's oil?", but of course the answer to that is "Iran says "no"".

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