In 1924-1925 the company arranged a deal in which Standard Oil of Indiana obtained control of the Pan American Petroleum and Transport Company and Lago Petroleum Company.
In 1918 the Carib Syndicate, a concern owned by Americans, bought the Barco oil concession in Colombia.
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The novel Oil! by Upton Sinclair published in 1927 is loosely based on Doheney's life and the story of Pan American.
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The Red Line Agreement gave the Near East Development Corporation, the Anglo-Persian Oil Company, Royal Dutch Shell, and the Compagnie Française des Pétroles each 23.75% of any oil that was produced by the Turkish Petroleum Company.
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