Kirby Petroleum Company adopts the name “Kirby Industries, Inc.”
As was quite common for the time, Kirby Industries operated as a conglomerate with many different operations: oil and gas exploration and development through Kirby Petroleum Co., the manufacture of steel buildings through Kirby Building Systems, Inc., financing of automobiles through Caribbean Finance Company, Inc., property and casualty insurance through Universal Insurance Company, and marine transportation through Dixie Carriers, Inc. Even though Kirby Industries had many different operations, the primary emphasis was on oil and gas exploration and development.

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