Arnold Schlaet
Encyclopedia
Arnold Schlaet was a U.S. oil industrialist and business man who, with Joseph S. Cullinan
, co-founded Texaco Incorporated
in 1902. Schlaet was an investor from New York
who worked for H.P. Lapham and Co., managing that company's petroleum
interests. Naturally conservative, he was nevertheless impressed with Cullinan's plans, and helped him to gain capital to start the new venture.
Joseph S. Cullinan
Joseph Stephen Cullinan was a U.S. oil industrialist. Although he was a native of Pennsylvania, his lifetime business endeavors would help shape the early oil industry of Texas...
, co-founded Texaco Incorporated
Texaco
Texaco is the name of an American oil retail brand. Its flagship product is its fuel "Texaco with Techron". It also owns the Havoline motor oil brand....
in 1902. Schlaet was an investor from New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
who worked for H.P. Lapham and Co., managing that company's petroleum
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
interests. Naturally conservative, he was nevertheless impressed with Cullinan's plans, and helped him to gain capital to start the new venture.