A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 3 : America in the Twentieth Century  Encyclopedia 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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