Boyle's Oil (Arabi)

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Boyle's Oil Company
Public
Traded asBOC
IndustryEnergy: Oil and gas
FoundedJune 27, 1886; 138 years ago (1886-06-27)
FounderBailey Boyle
HeadquartersOld Clark City, ,
Area served
Worldwide
Key people
Matthew Boyle (CEO)
Products
RevenueIncrease AD$234.56 billion (2019)
Increase AD$25 billion (2019)
Increase AD$18.32 billion (2019)
Total assetsIncrease AD$333.75 billion (2019)
Total equityIncrease AD$276.43 billion (2019)
Number of employees
Decrease 50,000 (2022)

Boyle's Oil Company, doing business as Boyle's Oil, is an Arabinian multinational oil and gas company headquarted in Old Clark City. The company was founded by Bailey Boyle in 1886.

On December 10, 2018, CEO Matthew Boyle announced the company had brokered an agreement with the Arabin federal government to phase out the use of fossil fuels and oil use over a 5-year period beginning January 1, 2020. The same day Boyle announced that in 2025 the company will be dissolved to form a new energy company based on using renewable energy in order to combat climate change brought on by global warning from burning fossil fuels.


Between 2019 and 2022 the company has laid off over 13,000 employees and 20,000 more are expected to be laid off by the end of 2023. By the end of 2024, 15,000 are expected to be laid off, leaving approximately 15,000 remaining employees before the company is dissolved in 2025. Matthew Boyle stated that a majority of employees that were laid off will be offered positions within the new company.