Standard Oil of Ohio
Former American Oil Company / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Standard Oil of Ohio?
Summarize this article for a 10 year old
The Standard Oil Company of Ohio was an American oil company, a successor of the original company established in 1870 by John D. Rockefeller.[4][2] It was established as "Standard Oil Company of Ohio" as one of the separate entities created after the 1911 breakup.
Company type | Public (1911–1987) |
---|---|
Industry | Petroleum |
Founded | 1911; 113 years ago (1911) |
Defunct | 1987; 37 years ago (1987)[2] |
Fate | Acquired by BP |
Successor | BP America Inc. |
Headquarters | |
Products | Gasoline, motor oils |
Brands |
In the 1960s, Standard Oil of Ohio partnered with BP, in the development of the Prudhoe Bay, Alaska petroleum reserves and the construction of the Trans Alaska pipeline. The complex partnership called for a gradual stock acquisition until BP would eventually gain controlling interest culminating in total acquisition of the American company. The company ceased operations in 1987, although BP continued to sell gasoline under the 'Sohio' brand until 1991.[2]