Pennzoil triumphs over Texaco in oil battle royale
In the high-stakes game of oil tycoons, Getty Oil was the prize, and Pennzoil thought they had it in the bag with an unsigned but binding buyout contract. That was until Texaco swooped in and snatched Getty Oil from under Pennzoil's nose, sparking a courtroom showdown for the ages. The verdict? A whopping $10.53 billion in damages, the largest civil judgment in US history, leaving Texaco reeling and Pennzoil triumphant.