March 5 (UPI) -- On this date in history In 1984, the Standard Oil Co. of California, also known as Chevron, bought Gulf Corp. for more than $13 billion in the largest business merger in U.S. history at the time.

THIS WAS ALSO THE TIME OF THE GREATEST CRASH IN OIL MARKET HISTORY, WHICH LED TO THE CREATION OF PETROCAN AND THE NEP
IN CANADA. PETROCAN BOUGHT UP ABANDONED CANADIAN OIL COMPANY SUBSIDIARIES LIKE CHEVRON AND GULF WHEN THESE MERGERS OCCURRED