The Standard Oil was a company of refining and distribution of Pétrole founded by John D. Rockefeller (1839 - 1937) and its associates in 1863. Wishing to extend its empire, Rockefeller amalgamated five large companies of refining, of which that of Henry Morrison Flagler, the Rockefeller, Andrews & Flagler . In 1868, Standard Oil was more the oil large company world.
The foundation of the company
August 28th
1859, the first oil drilling is carried out with Titusville,
Pennsylvania by the " colonel" Edwin Drake and
Cleveland quickly become one of the plates hinged of the industry of refining.
January 10th
1870, is rested by John D. Rockefeller, his brother William Rockefeller, Samuel Andrews, Henry Mr. Flagler, (of Rockefeller, Andrews & Flagler), Stephen V. Harkness and O.B. Jennings, the joint stock company Standard Oil Company of Ohio, with the capital of a million $, of which it held 27%. A battle began soon between the trust of the producers and that of the conveyers with the Standard Oil at the head of file.
The monopoly
August 1st
Antitrust dismantling
Since the end XIXe - beginning 20th century, the United States set up an antitrust policy to safeguard competition and to avoid unfavourable situations of revenue to the innovation and the consumers. In 1911 is created the CTF (Federal Trade Commission) which supervises the respect of the Antitrust policy. The same year takes place the Rockefeller lawsuit; its company, the Standard Oil, is fragmented in about thirty firms.
Successors
- Anglo-American Oil Company
- Atlantic Refining - > ARCO - > BP
- Buckeye Pipe Line Company
- Limits-Scrymser Company
- Cheseborough Manufacturing Company
- Colonial Oil Company
- Continental Oil Company - > Conoco - > ConocoPhillips
- Crescent Pipe Line Company
- Cumberland Pipe Line Company
- Eureka Pipe Line Company
- Galena-Signal Oil Company
- Indiana Pipe Line Company
- National Transit Company
- New York Transit Company
- Northern Pipe Line Company
- Ohio Oil Company
- Prairie Oil & Gas Company
- Solar Refining Company
- Southern Pipe Line Company
- South PEN Oil Company
- Southwest Pennsylvania Pipe Lines Company
- Standard Oil Company off New York - > Socony - > Mobil Oil Corporation - > Exxon Mobil
- Standard Oil off California - > Rafter - > ChevronTexaco - > Rafter (again since 2005)
- Standard Oil off Nebraska
- Standard Oil off New Jersey - > EXXON - > Exxon Mobil
- Standard Oil off Ohio
- Standard Oil off Kentucky
- Standard Oil off Indiana - > AMOCO - > BP
- Standard Oil Company off Louisiana
- Standard Oil off Kansas
- Swan & Finch Company
- Union Tank Lines
- Vacuum Oil Company
- Toilets-Pierce
See too
Internal bonds
External bonds
- The History off the Standard Oil Company by Ida Tarbell
- Educate Yourself- Standard Oil -- I
leaves