Key history of British Petroleum and the Rockefeller Empire, Standard Oil
1889: Rockefeller's Standard Oil
Trust establishes the Standard Oil Company (Indiana).
1892: The Standard Oil Trust is liquidated; Standard Oil (Indiana) becomes a subsidiary of Standard Oil Company (New Jersey).
1911: The government orders Standard Oil Company (New Jersey) to relinquish control of its subsidiaries; Standard Oil (Indiana)
becomes an independent company.
1929: Standard (Indiana) and five other Standard companies organize the Atlas Supply Company to sell automobile tires and other accessories.
1948: Standard (Indiana) forms a foreign exploration department to spearhead exploration efforts in Canada and other countries.
1951: The Iranian oil industry is nationalized, ousting Anglo-Iranian Oil.
1952: Standard Oil (Indiana) is the nation's largest domestic oil company.
1954: Anglo-Iranian Oil is renamed the British Petroleum Company, returns to Iran.
1961: Standard (Indiana) begins to use the brand name Amoco heavily in its advertising and subsidiary names.
1967: British Petroleum becomes the second largest chemicals company in the United Kingdom.
1978: Standard Oil (Indiana)'s tanker Amoco Cadiz runs aground, dumping thousands of tons of oil off the French coast.
1985: Standard Oil (Indiana) changes its name to Amoco Corporation.
1987: BP acquires SOHIO, forms BP America; the British government sells its shares of BP.
1988: Amoco buys Dome Petroleum, Ltd., of Canada.
1994: Amoco restructures, replacing its three major subsidiaries with a network of 17 business groups.
1996: BP merges its European refining and marketing operations with Mobil Corporation.
1997: Amoco begins a divestiture program designed to shed noncore properties.
1998: British Petroleum acquires Amoco Corporation, forming BP Amoco PLC.
2000: BP Amoco acquires Atlantic Richfield Co. and Burmah Castrol, changes its name to BP p.l.c.
Formed by the 1998 merger of British Petroleum Company and Amoco Corporation, BP p.l.c. is the third largest oil company in the world…’
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Above is an abbreviated version of the timeline.
To see the rest of the timeline and history, please click here.