Sign up to get full access to all our latest Oil & Gas IQ content, reports, webinars, and online events.

On This Day in Oil & Gas: January 10th - Standard Oil

Add bookmark

January 10th 1870, Ohio, United States of America – Six business men submit a document of incorporation to the registry office in Cleveland, Ohio. The group comprises a chemist, an owner of general stores, a distiller, a failed salt miner and two sons of an itinerant snake oil salesman and con artist. Doesn’t sound like the type of group that will make history, does it? Now, factor in that said conman’s name was William Avery Rockefeller, Sr, the two sons in question are John Davison Rockefeller and William Avery Rockefeller and the company is to be called Standard Oil, and maybe we can rethink that "making history" judgement?

In the 41 years that the company traded before its dismemberment under the Sherman Antitrust Act, it had the monopoly on the production, transport, refining and marketing of oil based products in the United States. Its separation into 33 smaller companies would make John D. Rockefeller the richest man of all time, and the Standard Oil legacy lives on across the supermajors, that still dominate the industry to this day.

_______________________________

LEARN MORE:

Have Your Say
Rate this feature and give us your feedback in the comments section below

Upcoming Events

Operational Excellence in Oil and Gas Summit

November 4-6, 2025

Norris Conference Center (CityCentre), Houston, TX

Operational Excellence in Oil and Gas Summit

LNG Bunkering North America

November 18 - 20, 2025

Virginia, United States

LNG Bunkering North America

LNG Bunkering Summit

November 25 - 28, 2025

Amara Sanctuary Sentosa | Singapore

LNG Bunkering Summit

Methane Mitigation America Summit

December 2-4, 2025

The Westin Galleria Houston, Texas

Methane Mitigation America Summit

Intelligent Asset Management in Energy

December 2-4, 2025

Norris Conference Center (CityCentre), Houston, TX

Intelligent Asset Management in Energy

Latest Webinars

On Demand Webinar - Unlocking Industrial Innovation: From Data to AI Empowerment

2025-06-10

10:00 AM - 10:45 AM CST

Join us to explore how Celona, Digi and Inductive Automation are helping industrial enterprises enab...

On-Demand: Guide to Ending Connectivity Woes with Private 5G

2025-04-29

08:00 AM - 08:45 AM CST

In this webinar, we break down the five fundamental tenets of private 5G deployment, ensuring maximu...

Webinar: Leveraging AI-Driven Visual Data Science for Enhanced Operational Excellence

2024-11-18

10:00 AM - 10:45 AM EST

Learn how AI-driven exploration, cross-layer data analysis, and visual data science are empowering t...

Recommended