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Founded in 1920, the United States multinational company, a comprehensive oil monopoly enterprise, mainly engaged in oil and natural gas, chemical products, coal and agriculture, etc. western oil company was founded in Los Angeles, California, the United States in 1920, mainly engaged in the local exploration and production of petroleum activities in the early stage. In 1956, the company almost went bankrupt due to poor management. In order to save the company's fate, Armand hammer, who worked for the company at that time, raised US $100000 to build two exploratory wells in California, and both of them produced oil, one of which was put into industrial production, thus the company got out of the dilemma. Western oil companies have proved the equivalent of more than two billion barrels of crude oil reserves in their own countries, the Middle East and Latin America. The company has its own oil and gas producer, Altura energy.

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