Standard Oil Company of New York

  • Also Known As: Socony-Vacuum
  • American

Standard Oil Company of New York, commonly known as Socony, is established in 1882 as part of the Standard Oil Trust, created to consolidate multiple petroleum firms under a unified management structure led by John D Rockefeller. Formed to oversee refining, shipping, and marketing operations in New York and New England — and to advance the trust's growing overseas business — the company becomes an independent entity in 1911 after the US Supreme Court orders the dissolution of the Standard Oil monopoly, dividing the trust into dozens of successor firms. Socony later evolves through mergers and reorganizations, ultimately becoming part of ExxonMobil, one of the major descendants of the original Standard Oil system. - AsNotedIn

Notable Position Person From To
One of ten original investors Benjamin Brewster (financier)
Executive of Charge of French Indo-China Acton Poulet 1909 1930

Timeline

Y/M/D Description Association Composition Place Locale Food Event
Y/M/D Description Association Composition Place Locale Food Event
1882/08/06 The Standard Oil Company of New York is established by the Standard Oil Trust under John D Rockefeller to manage the conglomerate's refining, shipping and marketing operations in New York and New England, and to lead its expanding overseas business. Begun
1911/06/00 Standard Oil Company of New York (Socony) is spun off as an independent entity, primarily controlling markets in New York, New England, and a rapidly expanding retail presence overseas. History Standard Oil Building, NYC New York City
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