title: Oil Insurance Limited
text: # 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
  