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Standard Oil is the common name for a corporate trust in the petroleum industry that existed from 1882 to 1911. The origins of the trust lay in the operations of the Standard Oil Company (Ohio), which had been founded in 1870 by John D. Rockefeller. The trust was born on January 2, 1882, when a group of 41 investors signed the Standard Oil ...
Oct 10, 2024 · In 1911, after dissolution of the Standard Oil empire, eight companies retained “Standard Oil” in their names, but by the late 20th century the name had almost passed into history. In 1931 Standard Oil Company of New York merged with Vacuum Oil Company (another trust company) to form Socony-Vacuum, which in 1966 became Mobil Oil Corporation.
Quick Facts. Ida Tarbell (born November 5, 1857, Erie county, Pennsylvania, U.S.—died January 6, 1944, Bridgeport, Connecticut) was an American journalist, lecturer, and chronicler of American industry best known for her classic The History of the Standard Oil Company (1904). She was among a group of so-called muckrakers who helped establish ...
Sep 13, 2024 · Published/Created: 1975. This work explores how seven companies came to dominate the oil industry by the 1940s, after anti-trust laws forced Standard Oil into 34 different companies. Short histories of each of Seven Sisters are located in chapters three and four. Standard Oil by Scott Benjamin; Wayne Henderson.
Nov 24, 2017 · Today, the biggest of these companies form the core of the U.S. oil industry: Standard Oil of New Jersey: Merged with Humble Oil and eventually became Exxon. Standard Oil of New York: Merged with Vacuum Oil, and eventually became Mobil. Standard Oil of California: Acquired Standard Oil of Kentucky, Texaco, and Unocal, and is now Chevron.
At the onset of the 1880s, Standard Oil was known only as a refiner. Thanks to the Lima discovery, Standard would be the leader in crude oil production in the 1890s. In 1888, Standard was responsible for less than 1 percent of crude oil production; in 1891, that number had jumped to 25 percent. 67.
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Aug 2, 2020 · Standard Oil invested around 200,000 USD in DDPA at 135% of par value and ended up with almost a third of the DDPA stocks. In 1899, Standard Oil increased its investments, this time at 142% of par value, and came to control half of DDPA’s shares (Schovelin, Citation 1914, pp. 95–131). While the Danish company retained a far-reaching ...
