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Conoco Inc. was an American oil company founded in 1875 as the Continental Oil and Transportation Company. Based in Ogden, Utah, the company was a coal, oil, kerosene, grease and candles distributor in the West. The main office was later moved to Ponca City, Oklahoma, when on June 26, 1929, Marland Oil Company (founded by exploration pioneer E. W. Marland) acquired for a consideration of 2,317,266 shares of stock, the assets (subject to liabilities) of Continental Oil Company. At that time Marland Oil changed its name to Continental Oil Company. The acquisition gave Conoco the red triangle symbol previously used by Marland and would become Conoco's logo from 1930 to 1970 when the current capsule logo was adopted.

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History courtesy of Wikipedia