Company type | Public (1911–1987) |
---|---|
Industry | Petroleum |
Founded | 1911 |
Founder | John D. Rockefeller |
Defunct | 1987[2] |
Fate | Acquired by BP |
Successor | BP America Inc. |
Headquarters | |
Products | Gasoline, motor oils |
Brands |
The Standard Oil Company (Ohio) was an American petroleum company that existed from 1870 to 1987. The company, known commonly as Sohio, was founded by John D. Rockefeller.[4][2] It was established as one of the separate entities created after the 1911 breakup.
In the 1960s, The Standard Oil Company 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]
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