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QSMX meaning in Regional ? |
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Answer» What is Quaker State Corporation mean? Quaker State is an American brand of motor oil produced by Shell Oil Company, the US-based division of Royal Dutch Shell since 2002, when Shell Oil Co. acquired Pennzoil-Quaker State Co. for $1.8 billion in cash and $1.1 billion in debt. The former Quaker State Oil Refining Company had been constituted in 1924 after the Eastern Refining Co. acquired rights to the Quaker State brand name to the Phinny Brothers Oil Company, which had been producing the Quaker lubricants since 1912, gaining reputation in the U.S. after a deal signed with automotive manufacturer Franklin in 1914. In 1931, it became the "Quaker State Corporation" after merging with another 18 oil companies. The Quaker State name is derived from the nickname for Pennsylvania, the state founded by William Penn, a man of the Quaker religion. reference nan |
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