Standard Oil

Standard Oil was a predominant American integrated oil producing, transporting, refining, and marketing company. Established in 1870 as a corporation in Ohio, it was the largest oil refiner in the world and operated as a major company trust and was one of the world's first and largest multinational corporations until it was broken up by the United States Supreme Court in 1911.

John D. Rockefeller was a founder, chairman and major shareholder. Standard Oil had significant success, and out competed many of its rivals with lower costs and efficient production and logistics. With the profits, Rockefeller became the richest man in modern history. Standard Oil was also criticized by some due to its aggressive pricing and business techniques. Other notable Standard Oil principals include Henry Flagler, developer of Florida's Florida East Coast Railway and resort cities, and Henry H. Rogers, who built the Virginian Railway (VGN), a well-engineered highly efficient line dedicated to shipping southern West Virginia's bituminous coal to port at Hampton Roads.

Read more about Standard OilEarly Years, 1895–1911, Breakup, Legacy and Criticism of Breakup, Successor Companies, Rights To The Name

Other articles related to "standard oil, standards, standard, oil":

Lamon V. Harkness
... Vanderburgh Harkness (1839 - January 17, 1915) was an American businessman and a partner in Standard Oil who was one of the company's largest stockholders ... Harkness became involved with Standard Oil through his father Stephen V ... Harkness who was a primary silent investor in the formation of Standard Oil and Henry Flagler ...
Standard Oil - Rights To The Name
... Of the 34 "Baby Standards", 11 were given rights to the Standard Oil name, based on the state they were in ... Atlantic elected to use their respective names instead of the Standard name, and their rights would be claimed by other companies ... their individual brand names instead of the Standard name, with Amoco being the last one to have widespread use of the "Standard" name, as it gave ...
Pure Oil - History
... Three companies operating in the United States have used the Pure Oil name ... The first began as a group of independent oil refiners, producers, and pipeline operators, in Fall 1895 in Butler, Pennsylvania, with headquarters in Pittsburgh, although it was ... Pure was organized by independent interests to counter to the dominance of Standard Oil Company in the Pennsylvania oil fields, and was the second vertically integrated oil ...
Henry Demarest Lloyd - Biography - Journalistic Career
... Rockefeller's Standard Oil Trust, "The Story of a Great Monopoly," published in the March 1881 issue of The Atlantic ... He later fleshed out his case against the unbridled corporate power of Standard Oil and similar corporations in his best-known book, Wealth Against Commonwealth, published in 1894 ... work thus preceded Ida Tarbell's more famous 1904 work, "The History of Standard Oil," by a number of years ...
Standard Oil Building (Whittier, California)
... Standard Oil Building is a historic building in Whittier, California ... The building was built for the Standard Oil Company, which had begun successfully drilling for oil in 1910 in the area ...

Famous quotes containing the words oil and/or standard:

    It is wise to apply the oil of refined politeness to the mechanism of friendship.
    Colette [Sidonie Gabrielle Colette] (1873–1954)

    I find it interesting that the meanest life, the poorest existence, is attributed to God’s will, but as human beings become more affluent, as their living standard and style begin to ascend the material scale, God descends the scale of responsibility at a commensurate speed.
    Maya Angelou (b. 1928)