Ashland Oil Inc was founded in 1924 by Paul G. Blazer as the Ashland Refining Company. The company acquired several other companies in the following years.
In 1963 the company began to diversify and added petrochemicals with the acquisition of R.J. Brown Company. In 1991 Ashland bought The Permian Corporation and merged it Scurlock Oil Company to make a new subsidiary, The Scurlock Permian Corporation.
Today Ashland Inc has four wholly-owned divisions: Ashland Specialty Ingredients which includes pharmaceutical and food and beverage, Ashland Performance Materials which includes composite polymers and adhesives, Ashland Consumer Markets (Valvoline) which is one of the largest producers of motor oil in the U.S., Ashland Water Technologies which makes chemical and non-chemical water treatment products.
Ashland Inc is #321 in the Fortune 500, a member of the S&P 400, has 15,000 employees, and had $7.81 billion in revenue in 2013.
The Global Oilfield Chemicals Industry valued approximately USD 20.37 billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.33% over the forecast period 2019-2025.
Headquarters for Ashland Oil are located in Covington, Kentucky.
Ashland Oil Inc was founded in 1924 by Paul G. Blazer as the Ashland Refining Company. The company acquired several other companies in the following years.
In 1963 the company began to diversify and added petrochemicals with the acquisition of R.J. Brown Company. In 1991 Ashland bought The Permian Corporation and merged it Scurlock Oil Company to make a new subsidiary, The Scurlock Permian Corporation.
Today Ashland Inc has four wholly-owned divisions: Ashland Specialty Ingredients which includes pharmaceutical and food and beverage, Ashland Performance Materials which includes composite polymers and adhesives, Ashland Consumer Markets (Valvoline) which is one of the largest producers of motor oil in the U.S., Ashland Water Technologies which makes chemical and non-chemical water treatment products.
History
Ashland Inc is #321 in the Fortune 500, a member of the S&P 400, has 15,000 employees, and had $7.81 billion in revenue in 2013.
The Global Oilfield Chemicals Industry valued approximately USD 20.37 billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.33% over the forecast period 2019-2025.
Headquarters for Ashland Oil are located in Covington, Kentucky.