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Encyclopedia > Standard Oil of Kentucky

The Standard Oil Company of Kentucky or Kyso was an oil company and gasoline distributor that operated in the southeastern United States from 1886 until it was acquired by Chevron Oil Company in 1960.[1] After the breakup of the Standard Oil company in 1911, the company was awarded rights to run the oil operation of Kentucky, Georgia, Florida, Alabama, and Mississippi.[1] Standard Oil (1870–1911) was a large, integrated, oil producing, transporting, refining, and marketing company. ... 1911 (MCMXI) was a common year starting on Sunday (click on link for calendar). ... Official language(s) English[1] Capital Frankfort Largest city Louisville Area  Ranked 37th  - Total 40,444 sq mi (104,749 km²)  - Width 140 miles (225 km)  - Length 379 miles (610 km)  - % water 1. ... This article or section does not cite its references or sources. ... Official language(s) English Capital Montgomery Largest city Birmingham Area  Ranked 30th  - Total 52,419 sq mi (135,765 km²)  - Width 190 miles (306 km)  - Length 330 miles (531 km)  - % water 3. ... This article does not cite its references or sources. ...

Contents

Formation and early years

The Standard Oil Company of Kentucky was incorporated on October 8, 1886 under Kentucky laws.[2] It was founded as an division of the Standard Oil Trust to handle the assets of the Chess, Carley & Company, which Standard had acquired to handle product marketing and distribution for the southeastern U.S.[1] It maintained corporate offices in all of the states it serviced, and also owned an oil refinery in Louisville, Kentucky with a 500,000 barrel/year capacity. In 1892, it acquired the properties of Consolidated Tank Line Company.[2] Standard Oil (1870–1911) was a large, integrated, oil producing, transporting, refining, and marketing company. ... Look up trust in Wiktionary, the free dictionary. ... Louisville redirects here. ...


On the breakup of Standard Oil

When the monopoly was broken up as an illegal trust in 1911,[3] Kyso was spun off to market to the states of Kentucky, Georgia, Florida, Alabama, and Mississippi. As was common during this time period, though no longer controlled by a single entity, the various "Baby Standards" still continued to cooperate. For example, Kyso was supplied by fellow "Baby Standard" New Jersey Standard Oil, later Esso. The company avoided the consolidation prevalent in the industry throughout the first half of the century, and continued to sell various Esso and Mobil Oil products.[1][4] In 1930, it acquired the assets of Reed Oil Corp. of Atlanta, Georgia.[2] The Riverside Refinery, built by Kyso circa 1918 in West Louisville, Kentucky is still the source of considerable study due to environmental concerns [5] In economics, a monopoly (from the Latin word monopolium - Greek language monos, one + polein, to sell) is defined as a persistent market situation where there is only one provider of a product or service. ... Official language(s) English[1] Capital Frankfort Largest city Louisville Area  Ranked 37th  - Total 40,444 sq mi (104,749 km²)  - Width 140 miles (225 km)  - Length 379 miles (610 km)  - % water 1. ... This article or section does not cite its references or sources. ... Official language(s) English Capital Montgomery Largest city Birmingham Area  Ranked 30th  - Total 52,419 sq mi (135,765 km²)  - Width 190 miles (306 km)  - Length 330 miles (531 km)  - % water 3. ... This article does not cite its references or sources. ... An Esso Station in Toronto Esso in Higashi-Osaka Esso is an international trade name used by ExxonMobil and its related companies. ... Nickname: Hotlanta, The Big Peach, The ATL, A-Town Location in Fulton County in the state of Georgia Coordinates: Country United States State Georgia Counties Fulton, Dekalb Mayor Shirley Franklin (D) Area    - City 343. ... Louisville redirects here. ...


Acquisition by Chevron

In 1960, it was acquired by Chevron Oil Company, effectively pushing Esso out of the former Kyso territory.[6] Esso began marketing itself across the region as the "official" Standard brand oil. In 1966, Chevron sued over the use of Standard, and won, forcing Esso to rebrand itself as Enco over the former Kyso territory. During and after the merger, Kyso constructed the Pascagoula Refinery in Pascagoula, Mississippi which began operations in 1963, and continues to operate today.[7] In 1971, Chevron changed over all of the former Kyso stations to the Chevron logo, all but eliminating the former brand. Chevron is today part of the merged ChevronTexaco company. It still maintains some Standard-branded stations in all of its former territories, including the former Kyso states, in order to protect its use of the brand in those areas.[1] Exxon Mobil Corporation or ExxonMobil (NYSE: XOM) is the largest publicly-traded oil producer and distributor in the world, formed on November 30, 1999, by the merger of Exxon and Mobil. ... Pascagoula is a city located in Jackson County, Mississippi. ... ChevronTexaco Corporation ( NYSE: CVX) is one of the worlds largest global energy companies. ...


Trivia

  • Though now a defunct brand, Kyso road maps published during the company's prominence in the 1930s and 1940s, are highly sought after by map collectors.[9]

This stylized likeness of the Colonel serves as its logo and mascot of his restaurant chain. ... KFC (full name Kentucky Fried Chicken) is a division of Yum! Brands, Inc. ... Corbin is a city in Whitley and Knox counties in southeastern Kentucky. ... Look up Roadmap in Wiktionary, the free dictionary A roadmap (or road map) may be: A travel map showing the roads; it may or may not also show railways. ...

References

  1. ^ a b c d e Droz, R.V., A History of the Standard Oil Company 2004. Retrieved November 22, 2006.
  2. ^ a b c Standard Oil Company – 1928 Scripophily.com, 1996–2006. Retrieved November 22, 2006.
  3. ^ STANDARD OIL CO. OF NEW JERSEY v. U S, 221 U.S. 1 (1910), Thomson FindLaw, 1994–2006, Retrieved November 22, 2006.
  4. ^ Standard Oil Company, Ohio Historical Society, 2006. Retrieved November 22, 2006.
  5. ^ PUBLIC HEALTH ASSESSMENT RUBBERTOWN INDUSTRIAL AREA JEFFERSON COUNTY, KENTUCKY Retrieved November 22, 2006.
  6. ^ Thompson, Eric V.A Brief History Of Major Oil Companies In The Gulf Region Arabian Peninsula and Gulf Studies Program, Retrieved November 22, 2006.
  7. ^ Pascagoula Refinery Profile, Chevron.com, 2002–2006. Retrieved November 22, 2006.
  8. ^ http://www.kfc.com/about/history.asp History-KFC, KFC.com 2006, Retrieved November 22, 2006.
  9. ^ "When Maps Reflected the Romance of the Road" The New York Times, November 12, 2006. Retrieved November 22, 2006 note:subscription required.

Further reading

Tarbell, Ida M. The History of The Standard Oil Company McCLURE, PHILLIPS AND CO, 1904. Retrieved November 22, 2006.

 

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