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A Classification of American Wealth |
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Part II-Chapter 11 : The Trusts > Birth of the Standard Oil Company : « Previous 1 - 2 - 3 - 4 - 5 - 6 - 7 Next » |
Incorporation of the Standard Oil Company of Ohio … the firm of Rockefeller, Andrews and Flagler was incorporated as the Standard Oil Company of Ohio, with a share capital of … … time of its incorporation, the company owned two refineries in Cleveland (the Excelsior and the Standard works) with a capacity of 600 barrels per day, a share of about 4% of the 16'000 bpd overall capacity, of the American petroleum refining industry, which then comprised about 250 refineries. Some sources credit Standard Oil with a control of 10% of the market at its inception. The latter figure may be correct if interpreted …
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