Quick Lube History: 1999 – PENNZOIL IS NOW 2 COMPANIES

THE ORLANDO SENTINEL

Pennzoil Co. said Monday it has completed its transformation into two separate companies: one focusing on car-care products and the other on oil exploration. Pennzoil has merged its motor oil business with Quaker State Corp. to form Pennzoil-Quaker State Co., the world’s largest supplier of car-care products. That part of the deal brings together the top two U.S. brands of motor oil, Pennzoil and Quaker State, and also the top two fast oil-change businesses, Jiffy Lube and Q-Lube. Pennzoil-Quaker State’s stock will trade under Pennzoil’s old ticker symbol, PZL. Pennzoil’s oil exploration and production business has been renamed PennzEnergy Co., and its stock will trade as PZE.

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