In Re:

In Re:

Pennzoil v. Texaco: Part 1

3 h 7 min · 15. sept. 2025
episode Pennzoil v. Texaco: Part 1 cover

Description

Before the $13 billion verdict, there was a tangled web of boardroom intrigue, handshake deals, and the fight for control of Getty Oil. In Part 1 of our deep-dive series on Pennzoil v. Texaco, we cover all the background facts that led to one of the most dramatic business trials in history: • Getty Oil’s fractured ownership structure (and the famous “3/7ths” shares) • How Pennzoil thought it had a binding deal with Getty • Why Texaco swooped in with a competing bid • And how this corporate chess match set the stage for the trial of the century

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