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Richfield Oil Company

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A large salvage operation by the Sinclair Oil Corporation was the rescue in 1936 of Richfield Oil Company of California, a depression victim. For several years, Richfield was operated by a Federal Court-appointed receiver. Sinclair helped the receiver by purchasing Richfield's East coast marketing subsidiary. Richfield's remaining assets were offered for sale by court order in 1936, but no buyer would pay the court-fixed upset price. Subsequently, Sinclair participated in a plan of reorganization under the Bankruptcy Act which resulted in a new entity, Richfield Oil Corporation. To the new structure were transferred the properties of Rio Grande Oil Company, in which Sinclair then owned a 50 percent interest. Sinclair also contributed many key employees, its operating skills and a refinery management agreement. Under the court-approved reorganization, Mr. Harry F. Sinclair became a director and Chairman of the Board. About 30 years later, Richfield merged with the Atlantic Refining Company.

We are currently offering the following pieces from the Richfield Oil Company:

Richfield Oil Corporation

Regular Price..... $14.00

Now Only..... $5.97

Richfield Oil Company of California

$8.00

All certificates are sold only as collectible pieces, as they are either canceled or obsolete. Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. Unless otherwise indicated, images are representative of the piece(s) you will receive.