Gulf Oil has undergone multiple historical acquisitions and restructuring phases across different global markets throughout its corporate history. The major operational elements of the original Gulf Oil corporation were famously acquired by Standard Oil of California—which later became Chevron—during a massive merger in the mid-1980s. Meanwhile, the global brand rights, retail networks, and regional operations in various territories were subsequently acquired or licensed by independent entities, most notably the Hinduja Group, which currently manages and operates the Gulf Oil brand globally through entities like Gulf Oil International and Gulf Oil Lubricants India Limited.