Oil Insurance Limited
# Oil Insurance Limited

Oil Insurance Limited (OIL) is a Bermuda–based mutual insurance company. It was founded in 1972 by 16 oil companies.

## Founding shareholders

The founding shareholders were:

* Amerada Hess Corporation
* Ashland Oil & Refining
* Atlantic Richfield Company
* Champlin Petroleum Company
* Cities Service Company
* Forest Oil Company
* Gulf Oil Corporation
* Marathon Oil Company
* Murphy Oil Corporation
* Petrofina S.A.
* Phillips Petroleum Company
* Signal Oil and Gas Company
* Standard Oil Company of California
* Tenneco Inc.
* The Standard Oil Company (Ohio)
* Union Oil Company of California
