Oscar S. Wyatt Jr., Wily Texas Oilman, Is Dead at 101

The New York TimesThursday, October 9, 2025 at 5:11:21 PM
Oscar S. Wyatt Jr., a prominent Texas oilman known for his vast wealth and controversial dealings, has passed away at the age of 101. He built his fortune through the Coastal Corporation and had connections with influential figures, including presidents and dictators. However, his legacy is marred by his imprisonment for paying kickbacks to the Iraqi government, highlighting the complex and often problematic nature of the oil industry.
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Oscar S. Wyatt Jr., Wily Texas Oilman, Is Dead at 101
NeutralFinancial Markets
Oscar S. Wyatt Jr., a prominent Texas oilman known for his role in the energy sector through his company Coastal Corporation, has passed away at the age of 101. Wyatt's career was marked by significant achievements, including building a billion-dollar business and engaging with influential figures across the globe. However, his legacy is also marred by controversy, as he served time in prison for paying kickbacks to the Iraqi government. His life story reflects the complexities of success in the oil industry and the intertwining of business and politics.
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