Key history of British
Petroleum and the Rockefeller Empire, Standard Oil
Key Dates:
‘...
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.
Company History:
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.