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11 de jul. de 2024 · Standard Oil, U.S. company and corporate trust that from 1870 to 1911 was the industrial empire of John D. Rockefeller and associates, controlling almost all oil production, processing, marketing, and transportation in the United States. It originated in Cleveland, Ohio.
28 de jun. de 2024 · In 1870, Rockefeller joined in the oil business, along with his brother William, Samuel Andrews, Henry M. Flagler, and Stephen V. Harkness. Their business, the Standard Oil Company of Ohio, focused on oil refining, which had less variable costs than oil exploration and drilling.
Hace 4 días · For roughly ten years during the Ohio Oil Rush in the late 19th century, the state enjoyed the position of leading producer of crude oil in the country. By 1884, 86 oil refineries were operating in Cleveland, the home of Standard Oil, making it the "oil capital of the world", while producing the world's first billionaire, John D ...
9 de jul. de 2024 · Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in 1887. These formed The Ohio Oil Company established in Lima, Ohio. It became the largest oil producer in the state. By 1889, the company was acquired by the Standard Oil Trust and six years later its headquarters was moved to ...
27 de jun. de 2024 · 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.
Hace 1 día · Henry Morrison Flagler was an American industrialist that co-founded Standard Oil with John D Rockefeller. Because of his first wife’s ill health, he left Ohio and took her to the untamed wilderness of Florida in the late 1860s.
10 de jul. de 2024 · Standard Oil’s revolutionary process, which became standard practice in the refining industry, helped avert a gasoline shortage during World War I. To find its own oil supplies, Standard Oil of Indiana began its own exploration and production business, Stanolind.
