Seven Sisters (oil companies)

E777200

Seven Sisters (oil companies) were a powerful group of major Western oil companies that dominated global petroleum production, refining, and distribution from the mid-20th century until the rise of OPEC and national oil companies.

All labels observed (2)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf cartel-like group of oil companies ⓘ
historical economic entity ⓘ
informal alliance ⓘ
alsoKnownAs Seven Sisters ⓘ
major Western oil companies cartel ⓘ
businessModel vertically integrated oil operations ⓘ
characteristic coordination of investment and pricing strategies ⓘ
long-term concessions with producing states ⓘ
oligopolistic control of supply ⓘ
controlledShareOfWorldOil large majority before 1970s ⓘ
country multinational ⓘ
declineCause emergence of national oil companies ⓘ
nationalization of oil resources ⓘ
rise of OPEC ⓘ
dominantRegion Middle East oil fields ⓘ
global petroleum market ⓘ
endPeriod 1970s ⓘ
field energy history ⓘ
international political economy ⓘ
historicalRole dominated international oil industry before 1973 oil crisis ⓘ
industry oil and gas ⓘ
petroleum ⓘ
influenced concession terms in oil-producing countries ⓘ
global oil prices ⓘ
structure of the international oil industry ⓘ
legacy template for later multinational resource cartels ⓘ
mainActivity crude oil production ⓘ
oil refining ⓘ
petroleum distribution ⓘ
member Anglo-Iranian Oil Company ⓘ
British Petroleum ⓘ
Gulf Oil ⓘ
Royal Dutch Shell ⓘ
Standard Oil of California ⓘ
Standard Oil of New Jersey ⓘ
Standard Oil of New York ⓘ
Texaco ⓘ
memberCount 7 ⓘ
namedBy Enrico Mattei ⓘ
nameOrigin nickname coined by Enrico Mattei, head of Italy’s ENI ⓘ
opposedBy Enrico Mattei and ENI ⓘ
linked to: Enrico Mattei

oil-producing states seeking resource sovereignty ⓘ
powerBase control of technology and capital in oil sector ⓘ
relatedEvent formation of OPEC in 1960 ⓘ
startPeriod 1940s ⓘ
successorConcept supermajors (modern Big Oil companies) ⓘ
linked to: Exxon
timePeriod mid-20th century ⓘ
typicalContractForm concession agreements with low royalties ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Standard Oil of California → partOf → Seven Sisters (oil companies) ⓘ
Socony-Vacuum Oil Company → componentOf → Seven Sisters (oil companies) (historical grouping, via Mobil) ⓘ
linked to: Seven Sisters (oil companies)